SBM Offshore announced the closure of a supplemental non-recourse project loan facility of $250 million. The facility is related to the entity Sonasing Xikomba Ltd., which owns the floating production, storage and offloading unit (FPSO) N’Goma operating offshore Angola…
Providence Resources chief executive officer Tony O’Reilly has stepped down from his position and resigned from the board with immediate effect to pursue outside opportunities, the Irish-based energy company announced.The company's board has initiated a process to identify and recruit a new CEO…
Independent upstream oil and gas company KrisEnergy said first steel has been cut for the minimum facilities wellhead platform (MiniPlatform) for the Apsara oil field in Block A, offshore Cambodia, the nation’s maiden hydrocarbon development…
The proceeds from Saudi Aramco's record initial public offering have risen to $29.4 billion after the oil company exercised an option to sell 15% more stock, an executive at one of the banks leading the deal told Al Arabiya news channel on Monday…
Tullow Oil said its Chief Executive Officer Paul McDade has resigned and the oil and gas explorer also scrapped its dividends, as it continues to face issues at its fields in Ghana.'While financial performance has been solid, production performance…
Pre-rig technology solutions company Neodrill announced a global cooperation agreement with mooring, foundations and subsea installation services provider InterMoor for project execution and installation support.Effective immediately, the new…
Subsea UK announced a new board of senior subsea leaders with a mix of expertise and knowledge across all sectors of the industry.The new board members are Dorothy Burke, Managing Director at Ecosse IP, Suzy Davies, VP HSSE Greenfield Projects at Aker Solutions…
The U.S. Coast Guard said it is searching by air and sea for two people aboard an overdue helicopter believed to have crashed in the U.S. Gulf of Mexico.The Coast Guard said its watchstanders received a report at 10:37 a.m. on Saturday from the helicopter's owner…
According to Rystad Energy, Norway has taken several steps to reduce its upstream emissions through electrifying offshore platforms, reducing flaring volumes, installing carbon capture and storage (CCS), and other energy efficiency measures…
The Norwegian Petroleum Directorate (NPD) has granted ConocoPhillips Skandinavia AS a drilling permit for well 25/7-9 S, cf. Section 15 of the Resource Management Regulations.Well 25 / 7-9 S shall be drilled from the drilling equipment Leiv Eiriksson at position 59 ° 15'17…
Connecticut’s Department of Energy and Environmental Protection (DEEP) has selected Vineyard Wind’s 804-megawatt (MW) Park City project as the winner in a major offshore wind solicitation, setting up the seaport city of Bridgeport to become a significant hub for the emerging U…
Norwegian offshore service and supply ship shipping company Solstad Offshore has signed contract extensions for two platform supply vessels (PSVs) with Equinor in Brazil.The offshore vessel owner said in a press note that the contract extensions…
The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers…
2019 has seen greenfield prospects in the US Gulf of Mexico return to the forefront of upstream planning. Chevron is pursuing the 20,000 psi Anchor project while Shell intends to replicate the Vito semi-sub to develop its Whale discovery. Meanwhile…
The temporary abandonment or suspension of a well is a vital early stage of decommissioning whereby the well is isolated using methods such as bridge plugs, cement squeezes and packers. This allows the wellhead and/ or blow out preventer (BOP) to be safely removed…
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