Norwegian major Equinor has awarded an engineering, procurement and construction (EPC) contract to domestic services company Aibel for the final bridge on the Johan Sverdrup field.The deal, worth an estimated NOK 200 million, was included as…
Norwegian oil company DNO said on Thursday that it now requires only 50 percent of Faroe Petroleum shareholders to back its takeover bid after it lifted its stake in the UK firm, boosting the chances the hostile offer will go through.Shares in both companies jumped after DNO's statement…
Bourbon has announced the renewal of the general waiver with its leasers and debt holders representing the majority of the group’s debt, thus allowing it to suspend the payments of its loans and debt.According to Bourbon, the waiver allows it to stay focused on its operational priorities…
Shell has extended its contract for the Rowan Gorilla VI jack up in Trinidad, Rowan Companies plc said.According to the offshore drilling contractor that provides well drilling services to the petroleum industry, the Super Gorilla class jack…
North Sea player Faroe Petroleum published an independent valuation of its assets by Gaffney, Cline & Associates (GCA), which is said to highlight the inadequacy of DNO ASA's GBP608 million at 152p per share takeover offer.Faroe Petroleum could…
Wood Mackenzie Research Director, Angus Rodger, provides insight on a of UK-listed Ophir Energy by Indonesia's Medco Energi.'On the first day of 2019, Ophir announced it was in talks with Indonesia's Medco Energi regarding a cash takeover. No amount or other details have yet been released…
The state Board of Public Utilities said Monday it received three bids from firms interested in building wind projects, but it wouldn’t identify any of them, according to Institute for Energy Economics and Financial Analysis (IEEFA).According to IEEFA…
Norwegian offshore service and supply ship shipping company Solstad Offshore has been awarded a contract extension for 2013-built anchor handling tug supply (AHTS) vessel Far Statesman.According to a press release, the 258-tbp Far Statesman…
Offshore drilling services provider Ensco has rolled out a new proprietary solution engineered to provide greater pipe tripping safety and efficiency.When used in concert with other key equipment, sensors and process controls, Ensco’s patented…
The Eni operated Rowallan exploration well 22/19c-G in the Central North Sea has been spudded by the heavy duty jack-up rig Ensco 121.The news was announced Monday by Eni's project partner Serica Energy, who holds a 15 percent stake in the well…
Oilfield services provider Halliburton announced that its board of directors has appointed president and chief executive officer Jeff Miller as chairman of the board, effective January 1, 2019, following the retirement of executive chairman Dave Lesar on December 31…
Nigeria-focused listed oil and gas development and production company Sirius Petroleum has put off for the third time the planned spud of a second gas well in the Ororo oil field located in the prolific Niger Delta to an indefinite date after a contracted jack-up rig became unavailable…
Danish energy group Orsted will put new major projects in Taiwan on hold after it failed to sign a power purchase agreement (PPA) for two offshore wind farm projects, the company said on Wednesday.Taiwan, which has made a big push to attract investments into renewable technology…
Medco Energi Internasional Tbk PT would boost its valuations and gain access to international assets if its potential takeover of London-listed Ophir Energy occurs, analysts said on Wednesday.Medco confirmed this week that it was in talks with…
Russian oil production rose to a post-Soviet record high of 11.16 million barrels per day (bpd) last year on an annual average basis, data from its energy ministry showed on Wednesday.The total surpassed the previous annual record average of 10…
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