Angola's state oil company Sonangol plans to divest 52 joint ventures, reduce staff and focus on its core business, part of an ongoing reorganization and package of reforms designed to lure back investors, its chairman said on Friday.'We are going to sell…
Halliburton Co said on Monday a pricing downturn that has plagued the oilfield services sector was bottoming out, as it reported modestly higher activity levels in North America in the first quarter from a year earlier.Oilfield services providers…
The British multinational oil and gas company BP and its partners will lead a $6 billion development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oil-field complex offshore Azerbaijan.The supermajor said that the Azeri Central East (ACE)…
Italian oil and gas company Eni has signed an exploration and production sharing agreement covering Block A Offshore Ras Al Khaimah, UAE, as well as the relevant joint operating agreement.The agreement was signed between Eni and Nishant Dighe…
Europe invested a total of EUR27bn (USD 30.34bln) in new wind farms in 2018, allowing it finance a record amount of new wind energy capacity, according to European trade body WindEurope.Europe invested EUR 10.3 billion in new offshore wind farms with a combined capacity of 4…
Swedish power company Vattenfall has tapped Seaway 7 for installation work at the Hollandse Kust Zuid (HKZ) 1 & 2 offshore wind farm development offshore the Netherlands.Seaway 7, a subsidiary of Subsea 7, will perform a work scope including…
Australia's Woodside Petroleum Ltd on Thursday posted a 4 percent rise in first-quarter revenue on higher realized prices for its oil and gas.Revenue rose to $1.22 billion for the three-months ended March 31, compared to $1.17 billion a year ago…
Chrysaor has reached a deal to acquire ConocoPhillips’ oil and gas exploration and production assets in the UK for $2.675 billion, the companies announced on Thursday.Full-year 2018 production and year-end 2018 proved reserves associated with the assets being sold were approximately 72…
Singapore conglomerate Keppel Corp is planning to add 1,800 staff this year at its offshore and marine business, the first time the company is hiring for the division after cutting thousands of jobs since 2015.The slump in oil prices in 2014…
The collapse of the regime of former Sudanese President Omar al-Bashir is likely to jolt the country's oil sector and could leave in disarray earlier approved plans to open up the country's offshore blocks in the Red Sea basin for exploration…
Talos Energy said it has completed a successful Zama appraisal well and production test in Block 7, located in the offshore portion of Mexico's Sureste Basin.Talos is the operator of the bock, and its partners are Sierra Oil & Gas, a company of DEA Deutsche Erdoel AG…
MMA Offshore said on Wednesday it has been awarded a contract by Woodside to provide accommodation and walk-to-work vessel services to support platform maintenance operations on Woodside’s Australian assets over two scopes scheduled to commence in April 2019…
Engineering firm Costain has appointed Steve Carter as a project director to join its 70-strong upstream team in Aberdeen.Carter will be based at Costain’s offices in Carden Place, and will work in the team which delivers a broad range of engineering…
Australia's No.2 independent gas producer Santos Ltd on Wednesday posted record quarterly production, boosted by its acquisition of Quadrant Energy assets, while sales revenue jumped 28 percent.Santos said production for the quarter ended March 31 rose to a record 18…
Singapore based Keppel Offshore & Marine announced Wednesday it has won two contracts: one from Diamond Offshore for the upgrade of the drilling semisubmersible rig Ocean Onyx, and the other from an unnamed operator for fabrication and integration…
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