Private investment fund Remus Horizons has launched a conditional takeover offer for the Australian oil company FAR, which owns a stake in the RSSD offshore area in Senegal, containing the Sangomar offshore oil development.FAR has recently agreed to sell its stake in the Sangomar to Woodside…
The conversion of a VLCC into an FPSO bound for Woodside's Sangomar project in Senegal has recently kicked off in China, the Australian oil firm said in a recent report.The 323 meters-long very large crude carrier (VLCC) Astipal in February arrived in China…
Australia's oil and gas explorer FAR Ltd on Thursday postponed a vote on the sale of its stake in an oil project off Senegal for the third time while investors study a takeover offer from private investment firm Remus Horizons.Remus' A$209.6 million ($161…
Peterson Energy Logistics' unit 80:20 Procurement Services has recently won a contract with the oil company Total E&P UK, a subsidiary of the French oil giant Total.The contract scope of 80:20 includes general consumables and ad-hoc material supply…
Brazilian oil company Petrobras has awarded offshore services provider Subsea 7 a 'very large' contract for the delivery of subsea equipment for the Mero 3 deepwater field development, offshore Brazil.A very large contract, according to Subsea 7…
Russian oil company Lukoil has decided not to launch a binding takeover offer for Australian oil firm FAR, which owns a share in the Sangomar field offshore Senegal.FAR had in February received a conditional non-binding indicative proposal from Lukoil to acquire the shares of FAR at 2…
Oil major Shell has made a significant discovery at the Leopard prospect in the deepwater U.S. Gulf of Mexico, some 245 miles (394 km) south-southeast of Houston.According to Shell, the Leopard well encountered more than 600 feet (183 meters) net oil pay at multiple levels…
Japanese FPSO company MODEC has ordered Palfinger cranes for an FPSO it is building for deployment at Woodside's Sangomar development offshore Senegal. Palfinger said Tuesday it would deliver two wire luffing lattice boom cranes for the FPSO…
Western Europe's largest oilfield, Johan Sverdrup, will ramp up its production in early May, sooner than previously expected, Swedish independent oil firm Lundin Energy said on Thursday.'Phase 1 production capacity is about to step-up to 535…
On many levels, 2020 was a pretty horrific year, “a year like no other”, according to Mike Beveridge, managing director of energy investment firm Simmons Energy, a division of Piper Sandler. It’s easy to see why. A dip into a negative WTI contract prices…
Total signed an agreement with wpd to acquire a 23% interest in Yunlin Holding GmbH, the owner of Yunlin offshore wind farm located off the coast of Taiwan, around 200 km southwest of Taipei. The project, currently under construction, represents…
Australian oil and gas company FAR said Friday it would sell its stake in offshore blocks in Senegal to Woodside, subject to the approval of its shareholders, as proposed company takeover offers made by Remus and Lukoil were incomplete.To remind…
Dutch offshore services provider Fugro has won a deal with offshore transportation and installation firm Jumbo Maritime to provide providing positioning and construction support services on the Mero 1 deepwater field development, offshore Brazil…
Russian oil company Lukoil is still working to obtain a share in the offshore block in Senegal containing the Sangomar development, after its first attempt last year to buy Cairn's share in the project was blocked out by Woodside, which exercised its pre-emption rights as a partner in the block…
Australian gas producer Santos has hired Goldman Sachs to sell a 20%-30% stake in its Dorado oil project and Bedout exploration portfolio offshore western Australia, according to a sales document seen by Reuters and confirmed by the group.Dorado…
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