Tuesday, December 18, 2018

People & Company News News

 

DNO Makes $780 Mln Cash Bid for Faroe Petroleum

Dec 12, 2018

Norway's DNO is sticking to its offer to buy Faroe Petroleum for 152 pence per share, valuing the company at about 610 million pounds ($761.65 million), insisting it is an attractive offer despite its rejection by the Faroe board.The Faroe board has said the company was worth substantially more than the bid, first announced on Nov. 26. DNO already owns 28 percent of Faroe Petroleum.Faroe Petroleum shares traded up 0…

Moray East Offshore Confirms Financial Close

Dec 14, 2018

UK-based Moray Offshore Windfarm (East)  announced that it has reached financial close – a major milestone marking the commencement of GBP 2.6 bln of project finance investment.The consortiumwhich develops and operates offshore wind farms, known as ‘Moray East’…

Senvion Appoints Rannou CEO

Dec 14, 2018

Global manufacturer of offshore wind turbines Senvion announced that Yves Rannou will join the company as Chief Executive Officer (CEO) on 1 January 2019.Rannou is taking over the role from acting CEO and CFO Manav Sharma. As an industry expert…

Faroe Criticizes DNO's Takeover Bid as 'Opportunistic'

Dec 13, 2018

The oil and gas company with focus in Norway and the U.K. Faroe Petroleum has reaffirmed that Norwegian oil giant DNO ASA's GBP608mln ($761.65 million) unsolicited takeover offer for the AIM-listed firm is 'opportunistic' and 'substantially' undervalues it…

Scorpio Group Takes Over Nordic American Offshore

Dec 12, 2018

NYSE-listed offshore support vessel owner Scorpio Group has taken control of Nordic American Offshore (NAO), via a private placement into company’s shares worth $5 million.The investment, which took place via a private placement with Scorpio Offshore Investments…

Transformation in Maritime Industry Training

Dec 12, 2018

The 2019 Maritime Insights Database (MarTID) survey has just been launched. This annual survey and the resulting annual reports (available freely at www.MarTID.org) provide critical data on maritime training practices and trends useful to every segment of the maritime industry…

Eco Atlantic Okays Offshore Guyana Drilling Program

Dec 05, 2018

The oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, Eco Atlantic Oil & Gas announced its drilling plans for 2019 on the Orinduik Block, offshore Guyana.The Canadian company has confirmed that…

Enquest Acquires Remaining Stake in Magnus

Dec 04, 2018

United Kingdom-based petroleum exploration and production company Enquest said it had completed the acquisition of the remaining 75% stake in Magnus, an additional 9.0% stake in the Sullom Voe Oil terminal and supply facility and additional interests in associated infrastructure from BP…

Ørsted Hires Focus Consultants on Sustainable East Coast Offshore Hub

Dec 03, 2018

Focus Consultants has been appointed to deliver sustainability services for a new East Coast Hub for the offshore wind giant, Ørsted, which is currently building the biggest offshore wind farms in the world.Currently in construction on the Royal Docks at Grimsby…

Northern Drilling Appoints New CEO

Dec 03, 2018

Rig company Northern Drilling has appointed Scott McReaken as chief executive officer (CEO).The John Fredriksen-controlled company said in a press release that McReaken will succeed Gunnar Winther Eliassen who will continue to support the company through Seatankers Consultancy Services…

KNOT Offshore CEO/CFO John Costain Steps Down

Nov 29, 2018

UK-based KNOT Offshore Partners has announced that John Costain has decided to step down as CEO and CFO of the partnership.'Although Costain is resigning in order to pursue other interests outside of the partnership, he will be available for the partnership until 31 May 2019…

Transocean Shareholders OK Ocean Rig Acquisition

Nov 29, 2018

Transocean, international provider of offshore contract drilling services for oil and gas wells, has announced that its shareholders approved the acquisition of Ocean Rig UDW, by approving the proposals presented at Transocean’s Extraordinary General Meeting…

Perenco Acquires Polo Nordeste Fields

Nov 28, 2018

Petrobras says it reached a USD370mln deal with Perenco to sell its operations in the Polo Nordeste and granted oil 3R Petroleum a 40-year concession to operate 34 oil fields in Bacia Potigar in a deal worth USD453mln.According to a press release…

Eight OSD Systems to Petrobras

Nov 28, 2018

Sea-state monitoring firm Miros Group is set to supply eight Oil Spill Detection (OSD) systems to Brazilian oil major Petrobras in the world’s largest x-band radar-based OSD surveillance and response contract to date.The agreement is in partnership with Ulstein Belga Marine…

Ecopetrol Sets 2019 Investment at $3.5 billion

Nov 27, 2018

Colombian state-run oil company Ecopetrol said on Tuesday it will invest between $3.5 billion and $4 billion in 2019, slightly above this year as it bolsters spending on exploration and production projects.The investment is the backbone of an…

Current News

Saipem Nearing Deal for Russian LNG Work

Saipem Nearing Deal for Russian LNG Work

Rowan Scores Guyana Contract

CNOOC Plans Exploration Spending Boost

CNOOC Plans Exploration Spending Boost

DNO Buys More Faroe Shares

DNO Buys More Faroe Shares

Tech, New Finance Model Trimming Drill Risk

Tech, New Finance Model Trimming Drill Risk

Indonesia Approves Eni’s Merakes Project

Indonesia Approves Eni’s Merakes Project

Triton Knoll Announces Decommissioning

Triton Knoll Announces Decommissioning

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