Oslo-listed oil and gas company Panoro Energy has signed a Production Sharing Contract (PSC) with the Government of Equatorial Guinea for offshore Block EG-23.Panoro now holds an 80% participating interest and operatorship of Block EG-23, and…
Oilfield services provider Petrofac has secured a new master service agreement (MSA) with Marathon Oil to support its key onshore and offshore assets in Equatorial Guinea.Under the agreement Petrofac will provide technical authority and discipline engineering support…
Offshore drilling contractor Shelf Drilling has closed the sale of its Baltic jack-up rig for $60 million with an undisclosed client.Shelf Drilling said the buyer intends to deploy the rig on a multi-year, plug and abandonment (P&A) program in Malaysia…
The safe, timely and cost-efficient decommissioning of offshore infrastructure is one of the big challenges faced by the oil & gas sector. We estimate that the liability currently stands at over $300 billion (real terms), and this will only…
U.S. oil and gas producer ConocoPhillips' COP.N second-quarter profit beat Wall Street estimates on Thursday, benefiting from higher output and commodity prices.The beat comes as ConocoPhillips is pursuing a $22.5 billion takeover of Marathon Oil MRO…
Offshore drilling contractor Shelf Drilling has signed an agreement for the sale of Baltic jack-up rig for $60 million with an undisclosed client.The buyer intends to deploy the rig on a multi-year, plug and abandonment (P&A) program in Southeast Asia…
Offshore drilling contractor Borr Drilling has secured contracts for three of its premium jack-up drilling rigs, which will be put to work in Brazil, Malaysia and Gabon.These contract and extensions for Borr Drilling’s Arabia I, Gunnlod and Norve jack-ups cover a total of 1…
Top U.S. independent oil and gas producer ConocoPhillips on Wednesday agreed to buy Marathon Oil $22.5 billion, the latest in a series of mega-deals in the energy industry.The U.S. oil and gas industry has been riding a consolidation wave over…
ConocoPhillips is in advanced talks to buy Marathon Oil in an all-stock deal that could value the Houston-based company at a little over its $15 billion market value, the Financial Times reported on Wednesday citing people briefed on the matter…
Oslo-listed oil and gas company Panoro Energy has reached an agreement with the Government of Equatorial Guinea on the key terms and conditions for the award of offshore Block EG-23.The Heads of Terms agreement signed by Panoro, GEPetrol (the national oil company)…
Offshore drilling contractor Shelf Drilling has secured a two-year contract extension for the Rig 141 jack-up rig for operations in the Gulf of Suez, offshore Egypt.The contract extension is in direct continuation of Rig 141 current term with Gemsa Petroleum Company (Gempetco)…
Talos Energy Inc. announced the appointment of John Spath as Executive Vice President and Head of Operations, effective immediately. Spath, who succeeds Robert 'Bob' Abendschein, Executive Vice President and Chief Operating Officer, will have…
Sultan al-Jaber, the United Arab Emirates oil chief executive and leader of COP28 climate talks, has a formidable reputation for earnestly pursuing results.His position as leader of state energy giant ADNOC has alarmed environmental critics…
Africa should be treated fairly while addressing global climate challenges as the continent contributes the smallest share to green house gas emissions globally, OPEC Secretary General Haitham Al Ghais said on Tuesday.Addressing an energy conference in Cape Town…
Marathon Oil said on Monday it has entered into a five-year liquefied natural gas (LNG) sales agreement with a unit of Glencore for a portion of its natural gas produced from the Alba Field in Equatorial Guinea, boosting its presence in the European LNG market…
Subscribe
