Australian oil and gas company Woodside has blocked Cairn's stake sale in the $4.2B Sangomar development off Senegal to Russia's Lukoil, by exercising its pre-emption rights.To remind, Lukoil in July signed an agreement with Cairn Energy to acquire a 40% interest in the Rufisque…
Turkey drew another rebuke from the European Union on Sunday when it said its Yavuz energy drillship would extend operations in disputed Mediterranean waters off Cyprus until mid-September.Yavuz will be accompanied by three other Turkish ships…
Norwegian offshore seismic surveyor PGS has rejected a $600 million offer to sell its multi-client library to compatriot and rival TGS, deeming it opportunistic, given the dire situation for seismic data companies caused by low oil prices.In an unsolicited…
Australia's No. 2 independent gas producer Santos Ltd paid out a weaker than expected half-year dividend amid uncertainty over a recovery from the coronavirus pandemic, as the oil market slump halved its first-half underlying profit.Disappointed investors sent its shares down more than 5%…
The Norwegian government plans to give NOK 21 million or about $12,6 million to the organizers of an oil and gas event that had to be canceled this year after the authorities imposed a ban on events of more than 500 people.The decision to cancel…
Hedge funds' oil trading largely dried up last week as the normal summer holiday slowdown was compounded by an absence of price or fundamental signals about the future direction of the market.Hedge funds and other money managers purchased the…
China's national offshore oil and gas producer CNOOC Ltd said first-half profit slumped by nearly two-thirds to the lowest since December 2017, as the coronavirus pandemic battered energy demand and sent oil prices to historical lows.The listed…
BHP Group said on Tuesday it plans to sell its 50% stake in the Australian Bass Strait oil and gas venture as it seeks to focus on its higher-value petroleum assets.The Bass Strait joint venture is co-owned and operated by Exxon Mobil Corp, which has also put its 50% stake up for sale…
Allseas’ heavy lift vessel Pioneering Spirit has completed a removal campaign of processing and accommodation topsides and flare jackets as part of the Tyra Redevelopment Project for Total E&P Denmark. 'Over the last two weeks, Pioneering Spirit removed more than 27…
Russia's largest oil producer Rosneft made a second-quarter profit of 43 billion roubles after reporting a loss in the previous three months thanks to a rise in oil prices, it said on Friday.Rosneft, headed by Igor Sechin, a long-standing ally of President Vladimir Putin…
Well-Safe Solutions, a UK-based company specializing in P&A services, has awarded Orca Oceanic Systems a contract for the provision of Dive System Support and Engineering Services onboard its Well-Safe Guardian semi-submersible decommissioning rig…
RWE aims to sell a minority stake in British offshore wind farm Humber Gateway, as the German utility seeks to release cash for expansion in renewable energy, two people familiar with the matter said.Morgan Stanley plans to launch the deal, which could value the asset at more than 1…
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…
Vard Marine (VARD) is doubling down on the U.S. offshore wind sector, having recently secured ABS Approval in Principle (AIP) for a second Jones Act service operation vessel (SOV) design.The AIP awarded in June 2020 is for a customized version…
Israel's Delek Drilling said on Wednesday it will pay an average interest of 6.28% in a $2.25 billion international bond offering to help it finance the development of the Leviathan natural gas project off Israel's Mediterranean coast.Following a roadshow…
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