Offshore Engineer Industry News News - page 609


Lebanon Delays Offshore Round Bidding Deadline

Jan 14, 2020

Lebanon has postponed a deadline for the submission of applications as part of its second licensing round for oil and gas acreage, Lebanon's energy minister Nada Boustani tweeted Monday.According to Reuters, which translated the tweet in Arabic…

James Fisher Sister Companies Merge

Jan 14, 2020

Offshore services firm James Fisher Offshore (JFO) said it is consolidating its services with those of its sister company James Fisher Subsea Excavation (JFSE). The merger brings subsea excavation services company JFSE under the JFO banner.Jack Davidson…

Norway: 28 firms Offered Acreage in Mature Offshore Areas

Jan 14, 2020

Norway has offered exploration acreage in mature offshore areas to 28 companies of 33 which had applied as part of the Awards in Predefined Areas (APA) 2019.The Norwegian Petroleum Directorate said Tuesday that 28 oil companies had been offered…

Lekoil Tricked Into Signing Fake $184M Loan Deal

Jan 14, 2020

Africa-focused oil company Lekoil on January 2 said it had secured $184 million (gross) of funding for the appraisal drilling and initial development program activities on the Ogo field, in the OPL 310 block, offshore Nigeria.The loan, Lekoil said at the time…

Oil Prices Rise Ahead Of Trade Deal, Likely Stock Draw

Jan 14, 2020

Oil prices edged higher on Tuesday as investors focused on the signing of a preliminary trade deal between the United States and China, the world's top oil consumers, and on expectations of a drawdown in U.S. crude oil inventories.However, price gains were capped by receding Middle East tensions…

Rovco Nets $6.5 Mln Investment

Jan 13, 2020

Subsea technology firm Rovco announced it has secured £5 million ($6.5 million) in new funding to support international expansion and continued development of 3D computer vision and artificial intelligence (AI) subsea technology.The funding includes a £3…

Zenith Step Closer To Buying AAOG Congo

Jan 13, 2020

London-listed Zenith Energy has skipped „a major hurdle“ towards acquiring majority rights in Congo focused Anglo African Oil & Gas Congo SAU.Namely, Anglo African Oil & Gas’ shareholders have passed the resolution to approve the sale of an…

E. Guinea Signs MoUs For Oil and Gas Blocks

Jan 13, 2020

Equatorial Guinea’s minister for mines and hydrocarbons Gabriel Mbaga Obiang Lima has signed several MoU with bidders of the country’s 2019 Licensing Round.The government of Equatorial Guinea last year offered 27 free blocks for exploration…

Lekoil in Trading Halt After Funding Deal Query

Jan 13, 2020

London-listed oil company Lekoil has suspended trading of its shares after the Qatari Investment Authority questioned the validity of its recently announced funding agreement.Lekoil, focused on oil and gas activities in Africa, earlier in January…

Apache Corp To Close San Antonio Office, Cut 272 Jobs

Jan 10, 2020

U.S. oil and gas producer Apache Corp will close its San Antonio, Texas office overseeing its struggling Alpine High project in the Permian basin and 272 jobs will be affected.The closure follows the October resignation of Steven Keenan, the…

Cleaning Liquid Proves Deadly for Brazilian Crew

Jan 09, 2020

One person died, and five others became seriously ill after reportedly drinking cleaning liquid earlier this week aboard a floating production, storage and offloading unit (FPSO) being transported by Boskalis' Vanguard heavy-transport vessel…

Oxy Slashing Jobs 'Significantly'

Jan 09, 2020

Occidental Petroleum Corp said on Wednesday it would begin dismissing workers in a new cost-cutting move following its $38 billion acquisition of Anadarko Petroleum.The company has already 'significantly' cut staff through a voluntary program…

Jadestone Wins Arbitration against Total

Jan 09, 2020

Independent oil and gas producer Jadestone Energy has won an arbitration case against Total regarding a dispute over an offshore block in the Philippines.Jadestone Energy, focused on the Asia Pacific region, said Thursday its subsidiary Mitra Energy had been awarded monetary damages…

RWE is Possible Takeover Target in Renewables Boom

Jan 09, 2020

RWE, Germany's largest power producer, could become a takeover target as big industry players strive to expand their renewable portfolios around the world, Goldman Sachs said in a research note on Wednesday.Following an asset swap with E.ON…

Premier Oil, Rockhopper in Sea Lion Farmout Push

Jan 08, 2020

Premier Oil and Rockhopper, two oil companies working to develop the Sea Lion oil field offshore the Falkland Islands, have welcomed Navitas as their potential new partner in the project.The companies have signed non-binding heads of terms with Navitas Petroleum…

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