Houston headquartered Apache Corporation has shaken up its leadership team and regional operating structure to 'streamline' the business, including creating an 'offshore' division. The move includes creating 'more integrated, super-region structures…
Tyco Fire & Integrated Solutions announced a new strategic partnership with FGS Commercial e Serviços Técnicos Eletrônicos to provide operators and end-users in the Brazilian marine and oil and gas markets with a range of life safety and asset integrity solutions from a single supplier…
The Egyptian General Petroleum Corp. (EGPC) and Italian giant Eni entered into a US$2 billion deal for exploration and development activities offshore Egypt. Image from Egypt Ministry of Petroleum…
Hercules Offshore received a welcome notice from Saudi Aramco—a withdrawal notice to rescind Aramco’s previously issued notice of termination of its contract for the Hercules 261. As a result, almost all terms and conditions of the contract…
With new rules and regulations affecting the platform supply vessel (PSV) market, Wärtsilä is launching a new PSV ship design at this year's Nor-Shipping exhibition being held in Oslo from 2-5 June. The new design puts emphasis on cost efficiency…
Israel’s Delek Group is proposing a US$155 million deal to acquire 19.9% stake in Block 12, offshore Cyprus, from Houston-based Noble Energy. Map from Noble. Block 12 covers approximately 2684sq km in the Eastern Mediterranean Sea…
International marine and offshore engineering consultancy Aqualis Offshore established an office in Aberdeen, Scotland. “We know that job cuts currently is a common theme in the oil industry, but we are taking a long-term approach…
Pancontinental Oil & Gas and its L10A joint venture partner, PTTEP of Thailand, issued to operator BG Kenya their notices of withdrawal from Block L10A in the Lamu basin offshore Kenya. Subject to ministerial consent, Pancontinental’s 18…
Houston-headquartered Endeavour International has put itself up for sale. The business, focused on the UK North Sea, says it is looking to sell all or substantially all of its North Sea oil and gas assets, with Blackstone Advisory Partners acting as financial advisor…
Rocksource CEO Terje Arnesen is stepping down from the company today after a mutual agreement with the firm's board. The Norwegian company has also agreed with Hans Petter Klohs that the services provided under a consultancy agreement for the CFO position will end as of 31 August…
Norway's TGS-NOPEC has agreed to take up a contract option with Polarcus, extending its lease of the Polarcus Adira for an additional two months, folloing on from its existing three-month contract. The vessel has already started the contract…
Jeannie Stell provides an update on BP’s partnership with Wood Group Kenny to design and manufacture an FPSO riser suitable for the “dark and stormy” weather at BP’s Quad 204 redevelopment. BP…
About US$336 billion (€300 billion) could be spent in offshore wind capex over the next 10 years, with cumulative capacity surpassing 57GW. Douglas Westwood’s Rachel Stonehouse explains. Cumulative offshore wind capacity is forecast to reach 57GW by 2024…
Statoil and ExxonMobil are seeking ways to develop the multi-trillion cubic feet of gas resources they have found in Block 2 offshore Tanzania. Elaine Maslin takes a look. If you speak Swahili…
Russian arctic oil exploration is facing an uphill battle against international sanctions and low oil prices. But, the country’s oil companies and government are still keen to find produce their icy black gold. Eugene Gerden reports. The…
Subscribe
