U.S. energy firms reduced the number of operating oil rigs for the first time in three weeks as producers follow through on plans to slash spending on new drilling.Drillers cut 8 oil rigs in the week to Dec. 27, bringing the total count down to 677…
Hornbeck Offshore Services announced its common stock has been delisted from the New York Stock Exchange (NYSE) on December 20, 2019, and that the company began trading on the OTC Pink marketplace effective December 23, 2019.The NYSE announced…
Companies developing the huge natural gas field Leviathan will begin production on Tuesday after receiving approval from Israel's Environmental Protection Ministry, one of the project's partners said on Friday.Leviathan was supposed to begin operations on December 24…
Subsea services firm Aqueos Corporation announced Friday it recently completed a diving and remotely operated underwater vehicle (ROV) campaign on the US West Coast.The work scope included level III and IV subsea surveys of three large conventional…
Norwegian based Magseis Fairfield announced Friday it has been awarded two consecutive deepwater ocean bottom node (OBN) projects in the Gulf of Mexico by an undisclosed repeat customer.The surveys will be carried out in the Mississippi Canyon…
Aqueos Corporation said it has wrapped up saturation diving and remotely operated underwater vehicle (ROV) campaigns for multiple clients in the US Northeast.The saturation diving vessel DP2 DSV Kelly Ann Candies was used to conduct inspection…
Italian oilfield services firm Saipem announced Friday it has secured approximately $1.7 billion in new and extended drilling contracts for its offshore and onshore divisions.The offshore drilling contracts relate to activities to be executed in Norway and in Angola…
Norway at years’ end is marking “50 years of oil” and ushering in decades more oil wealth with the go-ahead of the Balder-Ringhorn life extension project along with dozens of other life-extenders.The North Sea oilfield was the first discovered off Norway in 1967…
Petrobras reports that its Executive Board and Board of Directors have approved the final terms of an agreement with Sete Brasil subject to the fulfillment of precedent conditions.The Agreement preserves the terms previously announced: (i) maintenance…
Swiss-Dutch company Allseas said last week it had suspended its pipe-laying activities in the Nord Stream 2 Russia-to-Germany natural gas pipeline in anticipation of U.S. President Donald Trump's signing of a defense policy bill.'In anticipation…
Oil rose towards $68 a barrel to its highest in over three months on Thursday, buoyed by a report showing lower U.S. crude inventories, hopes of an end to the China-U.S. trade dispute and OPEC-led efforts to constrain supply.The American Petroleum Institute…
Russian oil company Zarubezhneft said it has signed a Production Sharing Agreement with the Ministry of Oil and Mineral Resources of Egypt, the Egyptian state holding oil company GANOPE and Pacific Oil Limited, for the South East Ras El Ush (SEREU) and East Gebel El Zeit (EGZ) blocks offshore Egypt…
London-headquartered offshore drilling contractor Noble Corporation has appointed Stephen M. Butz as Executive Vice President and Chief Financial Officer, effective December 19, 2019.From 2014 until its merger with Ensco plc, Butz served as…
Royal Dutch Shell won the rights to market Guyana's first cargoes of crude oil, the government said on Tuesday, just days after oil production began and launched the impoverished South American country into the ranks of world suppliers.An ExxonMobil-led consortium…
Asian marine and offshore engineering group Sembcorp Marine has secured two offshore platform projects worth over 550 million Singapore dollars (US$405.9 million) from Qatar-based North Oil Company (NOC).The contract is to support redevelopment efforts at the Al Shaheen and Tyra fields…
Subscribe
