Britain's richest man Jim Ratcliffe's oil and gas company Ineos Group Holdings is in exclusive talks with ConocoPhillips to buy North Sea oil and gas fields worth $3 billion from the U.S. energy company.Various news paper reports say that British…
BMT said it has signed a service agreement with UAE oil and gas supplier and contractor Al Masaood Oil & Gas.The agreement with the Abu Dhabi headquartered company will see BMT being assisted by Al Masaood Oil & Gas to deliver risk & safety…
Oilfield services company Expro said it has secured a four-year contract extension for BP’s Shah Deniz Stage 2 project in the South Caspian Sea.The contract extension will see Expro continue its provision of subsea landing string equipment and services to the project…
Norwegian seismic firm PGS revealed it has entered into a contract for a 3D survey in South America.PGS did not reveal the name of the client, but said the contract value is estimated to be in excess of $75 million.The company plans to use two…
Oil rose nearly 1 percent on Friday on expectations that the Organization of the Petroleum Exporting Countries and its allies would agree to cut output next month, though prices were set to for a weekly drop on underlying concerns that the global market was oversupplied…
Gulf Island Fabrication said on Thursday it has completed the sale of its North Yard facilities and associated equipment in Aransas Pass, Texas.The Houston based builder of offshore structures and vessels announced the $28 million sale in September…
MacArtney Singapore delivered a TRIAXUS ROTV with customized sensor payload to the Chinese Academy of Science for oceanographic research projects in the South China Sea.The Chinese Academy of Science, via MacArtney agent Geo Marine Technology Ltd…
U.K. Continental Shelf focused Azinor Catalyst Limited announced on Thursday an oil discovery at its 9/14a-17B well and associated side-track on the Agar-Plantain Prospect in the North Sea.The initial 9/14a-17B well on the Agar-Plantain Prospect…
Damen Shipyards Group has delivered four new Fast Crew Suppliers (FCS) 2610 to Allianz Middle East Ship Management. The four vessels will undertake work in the ADMA oil field in Abu Dhabi, providing logistics services and safe crew transfer…
McDermott International announced Thursday it has been awarded a contract from Talos Energy for concept and engineering services for the Zama field development project – the first offshore Mexico block awarded to a private operator.The contract is for engineering services…
The largest oil platform to be constructed in Mexico in the last decade has left McDermott International's fabrication yard in Altamira, Tamaulipas, Mexico.The 15,000-metric-ton PB-Abkatun-A2 platform is scheduled to be installed for PEMEX in…
Norway's Bergen Group has appointed Nils Hoff as its new CEO and Morten Riiser as CFO, effective Thursday.Hoff succeeds Torgeir Nærø, who has resigned as CEO to pursue other opportunities. The outgoing cheif executive will take on an advisory position until the end of Q1 2019…
Tullow Oil forecast its net debt would drop to $2.8 billion by the end of the year and slightly raised its full-year free cash flow to $700 million, helped by trimming its capital expenditure.The company had previously said it might reach free cash flow of about $650 million…
On Saturday, nearly two decades after securing the initial rights, Total's CEO Patrick Pouyanné was in Luanda to snip the ribbon on a $16 billion oil project. It's not clear when he, or his peers, will be cracking open the bubbly in Angola again…
Gazprom Neft, the oil arm of Russian gas giant Gazprom, said on Thursday that it had opened a second hydrocarbon field in the Okhotsk Sea.(Reporting by Olesya Astakhova; writing by Tom Balmforth; editing by Andrey Ostroukh and Adrian Croft)
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