North Sea oil producer Chrysaor completed on Monday a $2.675 billion acquisition of ConocoPhillips' British North Sea oil and gas business, cementing the private equity-backed firm's position as one the basin's top producers.The Conoco assets will add around 72…
BP Chief Executive Officer Bob Dudley is drawing up plans to step down next year, ending a tumultuous decade at the helm of the oil and gas company that swung from near collapse in 2010 to rapid growth today, sources close to the company said on Monday…
Oslo-headquartered TMC Compressors of the Seas said on Monday it has been awarded a contract from Chinese shipyard Shanghai Waigaoqiao Shipbuilding to supply the marine compressed air system to the Liza Unity floating production, storage and offloading unit (FPSO)…
French offshore vessels owner Bourbon confirmed that its tug supply vessel Bourbon Rhode sank in middle of the Atlantic Ocean while navigating heavy seas near a category 4 hurricane on Thursday. Three crew members have been rescued, the body of one deceased has been recovered…
Houston-based global seismic services company SAExploration has won a a new shallow-water ocean-bottom marine project in the Asia Pacific region for a major national oil company.According to a press note from the ocean bottom node seismic company the contract is valued at approximately $28 million…
Even after more than 50 years, the Norwegian shelf still holds vast opportunities, says Norwegian Petroleum Directorate (NPD).According to NPD's 2019 resource report on fields and discoveries, more than half of the estimated remaining resources on the Norwegian shelf have already been discovered…
The Norwegian Shipowners' Association (NGA) reached an agreement with Industri Energi and SAFE in the Mid-Term Settlement for employees on mobile offshore units, drilling and catering on permanently placed facilities on the Norwegian Continental Shelf…
Exxon Mobil Corp on Friday said production has resumed at its Hibernia oil platform in Canada. Production was shut last month due to a power outage.Hibernia has been producing oil since 1997 and sits roughly 315 km (200 miles) east of St. John's…
Mozambique is targeting $880 million in capital gains tax from the takeover of Anadarko Petroleum by Occidental Petroleum, local newspaper O Pais reported on Friday.Anadarko led a liquefied natural gas project in the southern African country…
Santos, a partner in the Barossa offshore gas and light condensate development offshore Australia, said the project is moving toward a final investment decision (FID) early next year following operator ConocoPhillips awarding the gas export pipeline contract to Dutch contractor Allseas…
Abu Dhabi National Oil Company (ADNOC) subsidiary ADNOC Drilling has completed its first offshore integrated drilling services (IDS) well in Abu Dhabi’s Umm Lulu offshore oilfield.ADNOC said this first offshore IDS well, delivered to another one of its subsidiaries…
Independent oil and gas company Vår Energi has awarded a contract to oilfield services company Baker Hughes, a GE company (BHGE) and Norwegian subsea contractor Ocean Installer for the engineering, procurement, construction and installation…
Malaysia is considering listing the exploration and production arm of state energy company Petronas, the world's third-biggest exporter of liquefied natural gas, state news agency Bernama reported on Friday citing Prime Minister Mahathir Mohamad…
Gulf Marine Services Plc said on Friday it reached an agreement with lenders to ensure it would have continued liquidity until the end of the year, nearly a month after its top boss quit after the company warned of a shortfall in full-year profit…
Sapura Energy announced it has secured new work in in Malaysia, Thailand and Brunei worth approximately RM 774 million ($184.9 million). The three new contracts and two contract extensions bring the value of its cumulative contract wins year-to-date to about RM3…
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