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Ocyan Inks First post-'Car Wash' Contract with Petrobras

Jul 29, 2019

Brazil's Petrobras has signed a two-year contract to lease a drilling rig from Ocyan, formerly known as Odebrecht Oleo e Gas, an executive told Reuters, in the first deal between the firms since a corruption scandal erupted five years ago.Petroleo Brasileiro SA…

Qatar Petroleum Enters Guyana

Jul 29, 2019

Qatar Petroleum has entered into an agreement with Total for a share of exploration and production rights in two blocks offshore Guyana in Latin America.Under the agreement, which is subject to customary regulatory approvals by the government of Guyana…

Anadarko Beats Profit Estimates

Jul 28, 2019

Anadarko Petroleum Corp, in its last earnings report before shareholders vote on its sale to Occidental Petroleum, on Friday reported a quarterly profit that topped analysts' estimates, as higher production offset lower prices for its oil.It…

INPEX Acquires Interests in GoM

Jul 26, 2019

Japanese oil company INPEX announced it has acquired interests in a group of offshore blocks in the southern part of the US Gulf of Mexico.The firm said in a press release on Friday that its subsidiary INPEX US Offshore, LLC has reached an agreement…

Eni Profits Drop 27%

Jul 26, 2019

Italian energy group Eni said its adjusted net profit in the second quarter fell 27% on the year to miss expectations as lower oil and gas prices took their toll.Adjusted net profit in the quarter came in at 0.56 billion euros ($624 million) below an analyst consensus provided by the company of 0…

BP Signs Frame Agreement with Siemens

Jul 26, 2019

Siemens said it has signed a five-year frame agreement with BP to support the UK supermajor as one of its main electrical contractors for future onshore and offshore upstream projects globally.The deal allows BP access to Siemens technology…

BP Inks JOA for Gambia Offshore Block

Jul 25, 2019

BP has signed an agreement with Gambia's national oil company to jointly operate the disputed deepwater Block A1 License offshore the West African country.In April, Gambia said it awarded BP the A1 block, one of two that the government had taken…

Petrobras Sells Shallow-water Fields for $1.5 Bln

Jul 25, 2019

Brazilian state-controlled oil company Petroleo Brasileiro SA signed on Wednesday two contracts to sell shallow-water oilfields in the basins of Campos and Santos for $1.5 billion plus $200 million in future payments, the company said in a securities filing…

TechnipFMC: Record Orders, Backlog in Q2

Jul 25, 2019

Franco-American oil services company TechnipFMC received a record volume of orders in the second quarter, pushing its backlog of projects to a peak thanks to new liquefied natural gas projects, it said on Wednesday.The records could signal a…

Total Plans $5 Bln in Asset Sales

Jul 25, 2019

French energy giant Total will sell around $5 billion worth of assets, mostly from its upstream exploration and production business, as it seeks to focus on low breakeven projects that can weather weak oil prices, it said on Thursday.The company…

Saipem Draws up Drilling Partners Short List

Jul 25, 2019

Italian oil services group Saipem has drawn up a short list of potential partners for its drilling business as it casts around for joint venture deals to help revive growth.Saipem, controlled by state lender CDP and oil major Eni , makes most…

Tenaris to Build Pipe for Noble's Alen Project

Jul 24, 2019

Tenaris said it has been awarded a contract from Noble Energy for work on the offshore export pipeline for the Alen Gas Monetization Project in Equatorial Guinea.This 70-kilometer pipeline will transport natural gas from the Alen offshore platform…

Hebron, Hibernia Platforms to Run 5G LTE

Jul 24, 2019

Norway-based Tampnet said it has been tapped to supply 5G LTE coverage to oil and gas operations offshore Newfoundland, Canada.Following a competitive process Tampnet has been awarded a contract for building and operating a 5G LTE network on two platforms offshore Newfoundland – Hebron…

NOV Trims Staff

Jul 24, 2019

U.S. oilfield supplier National Oilwell Varco Inc is trimming its workforce, according to people familiar with the matter, as oil and gas customers have cut spending on services and equipment.The company recently began offering voluntary early retirement to eligible employees…

West of England P&I Club Eyes Offshore

Jul 24, 2019

The West of England, a leading A-rated mutual marine insurer, has announced the appointment of a key strategic hire to support its strategy of expansion in the offshore market.Will Tobin will join the Club in July to head up its offshore business…

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