British oil services company Petrofac was fined 77 million pounds ($105 million) on Monday and a former executive received a two-year suspended sentence after both pleaded guilty to bribery in Iraq, Saudi Arabia and the United Arab Emirates…
Energy industry consultancy Xodus has bought Houston-based data interpretation consultancy Ocean Geo Solutions (OGS), adding capabilities in geophysical data processing, interpretation, and reporting.OGS assesses seabed and subsurface conditions…
Norwegian offshore vessel operator Solstad Offshore has sold seven vessels that have been laid up for a while for recycling.'The vessels to be recycled are defined by Solstad as non-strategic, they are of older age and considered to be irrelevant for present and future markets…
Malaysian oil and gas firm Petronas said Tuesday its floating LNG Unit Satu had delivered its 50th LNG cargo.'The milestone cargo was successfully loaded on September 25, 2021, onto the Seri Cemara LNG carrier operated by MISC Berhad for shipment to Taiwan…
Royal Dutch Shell on Monday said it has restarted production at its Olympus platform in the Mars Corridor in the Gulf of Mexico following repairs to portion of its West Delta 143 offshore facility in the aftermath of Hurricane Ida.The remaining assets in that corridor…
Turkey sent a Greek Cypriot research vessel away from what it says is its continental shelf in the Mediterranean on Sunday after it entered the area without permission, Turkey's Defence Ministry said, in a sign of renewed tensions.For decades…
Offshore drilling rig contracting activity in West Africa is finally picking up as confidence slowly returns to the region.Esgian has previously reported that the US Gulf of Mexico and Brazil have already witnessed substantial recovery in the deepwater rig market…
The Danish part of the Baltic Pipe Project, a strategic EU infrastructure project led by Danish and Polish companies Energinet and Gaz-System to build a gas pipeline from the Norwegian part of the North Sea to Denmark and Poland, will cost more than previously expected…
U.S. energy firms [last] week added oil and natural gas rigs for a fourth week in a row as more storm-hit offshore units resumed service in the Gulf of Mexico, and as crude prices this week hit three-year highs, prompting drillers to return to the wellpad…
Norwegian oil and gas company Equinor has obtained regulatory approval for extended operation of the Sygna field.Consent for the operation of Sygna would expire on March 9, 2024, but the Petroleum Safety Authority Norway has now extended it until August 10…
Qatar Petroleum has ordered four new LNG carriers from Hudong-Zhonghua Shipbuilding Group, a subsidiary of China's CSSC, as part of its North Field expansion project.'These four carriers are the first batch of orders in Qatar Petroleum’s massive LNG shipbuilding program…
Ivory Coast President Alassane Ouattara and Eni CEO Claudio Descalzi met Friday to discuss the progress of Eni's activities in the country, following the giant offshore oil discovery of Baleine 1-X. As previously reported, Eni in September announced the major oil discovery in block CI-101…
ADNOC Drilling shares jumped more than 30% as the unit of Abu Dhabi oil giant ADNOC started trading on Sunday after its $1.1 billion initial public offering (IPO), the largest ever on the Abu Dhabi stock market.ADNOC Drilling, whose share offering attracted more than $34 billion in demand…
British oil services group Petrofac said it is looking at refinancing options including debt and fresh equity as it faces a possible $240 million fine from a London court.Petrofac decided to plead guilty to seven charges after a four-year Serious…
French geophysical services company CGG has completed the sale of its GeoSoftware business to Topicus and Vela Software for $95 million in cash. The transaction was effective October 1, 2021.GeoSoftware product suite, among other things, helps…
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