Oil and gas company Energean has agreed to buy a Field Support Vessel (FSV) from Prime Marine Energy for $33.25 million.Energean will use the vessel for work in Israel where it is working to bring online the Karish offshore gas field.'The FSV…
Bursa Malaysia-listed offshore vessel provider Icon Offshore has struck a deal to buy the Perisai Pacific 101 jack-up drilling rig.The 2014-built rig, owned by a subsidiary of Perisai Petroleum Teknologi Bhd (PPTB), is an asset mortgaged to Oversea-Chinese Banking Corporation (OCBC)…
Southeast Asia-focused oil company KrisEnergy has reached a loan deal with Kepinvest Singapore, that should help the company bring online its Apsara offshore project in Cambodia's Block A on time, and remove the risk of losing the license.Namely…
Approximately 11,000 employees of Brazilian state-run oil company Petrobras have accepted buyout packages and will leave the firm this year or next, Chief Executive Roberto Castello Branco said during an online event on Thursday.That number…
Jack-up drilling contractor Shelf Drilling has canceled a charter deal for two jack-up rigs signed back in February 2019 with China's China Merchants.In February 2019, Shelf Drilling signed a deal to buy two CJ-46 jack-ups from China Merchants…
Chinese offshore oil company CNOOC has said that its first offshore wind project has started producing electricity. The company said Tuesday that its offshore wind power project had connected to the grid and begun to generate power. The 300MW…
Greek gas grid DESFA, 66%-owned by a consortium led by Italy's Snam, is interested in buying a stake in an offshore liquefied natural gas (LNG) terminal in northern Greece, people familiar with the matter said on Tuesday.DESFA is considering…
Chevron Corp shut the Blind Faith and Petronius offshore production platforms on Sunday in the Gulf of Mexico in preparation for Tropical Storm Sally, the company said in an online statement.'In preparation for the storm, we have evacuated all…
Baker Hughes is pivoting to customers preparing for the transition to a low-carbon future, bolstering its footprint beyond oil and gas oilfield services, its chief executive said on Tuesday.The company will continue to downsize its oilfield services and equipment portfolio…
Norwegian oil and gas firm Equinor is planning to drill new wells at its Martin Linge development in the North Sea, after discovering that several previously drilled wells do not have the necessary barriers and that bringing them online would not be safe…
Australian oil and gas giant Woodside has signed binding agreements with Cairn for the acquisition of Cairn's 40 percent interest in Woodside-operated offshore oil blocks in Senegal.The firm deal, announced Friday, comes after Cairn had in July agreed to sell its interest in the Rufisque Offshore…
U.S. Gulf of Mexico oil companies shut around 82 percent of oil production on Monday and evacuated personnel bracing for the impact of two tropical storms Marco and Laura.From operator reports, the U.S. Bureau of Safety and Environmental Enforcement said Monday that approximately 82…
Apollo Global Management will acquire a share in US Wind, an offshore wind energy development company, via an investment of up to $265 million.'Apollo Funds have committed to invest through convertible debt and equity up to $265 million to acquire…
Australian offshore oil and gas safety regulator NOPSEMA has accepted Shell's offshore project proposal for the development of the Crux gas field in the Browse Basin, off the north coast of Western Australia.Consisting of a normally unmanned platform and five production wells…
UK-based offshore energy equipment maker Subsea Energy Solutions is expanding into Brazil following signing a sales agreement with Marine and Offshore Partners.Subsea Energy Solutions said Wednesday that Rio-based M&O Partners would help it…
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