New CEO joins Otto Energy
Australian oil and gas company Otto Energy has appointed Michael Utsler has been appointed as Chief Executive Officer and Managing Director of the Company. Otto Energy’s former CEO, Matthew Allen,...
View ArticleSeadrill to take full control of Asia Offshore Drilling
Offshore drilling contractor Seadrill has bought from Mermaid Maritime the minority holding of the share capital of Asia Offshore Drilling (AOD). Following completion, Seadrill will hold the entire...
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Petrofac nets new 5-year deal with Ithaca Energy
Oil and gas company Ithaca Energy has signed a five-year integrated services contract with oilfield services provider Petrofac. FPF-1 floating production facility; Source: Ithaca Energy In the new...
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Subsea 7 taps JDR for Elgood umbilical
Subsea umbilical and cable supplier JDR has agreed a new contract with Subsea 7 to supply a 9.3-kilometre production and control umbilical, topside equipment and subsea terminations for the Elgood...
View ArticleEquinor selects Aibel for Krafla engineering study
Oil and gas services company Aibel has been awarded a field engineering, concept optimisation, and definition study for Equinor’s unmanned process platform at the Krafla field located off Norway. The...
View ArticleOcean Yield to book $130 million in impairments for two vessels
Norwegian vessel owner Ocean Yield expects to book impairments of $130 million in total in its 3Q 2020 financial statements for an FPSO and offshore construction and cable-lay vessel. According to...
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Fugro wins another ONGC survey gig off India
Fugro has secured a fourth consecutive contract from Oil and Natural Gas Corporation (ONGC) in India for integrated survey services. Work is now underway on the latest 3-year contract, covering...
View ArticlePetrobras in talks with SBM Offshore for largest oil production unit in Brazil
Dutch FPSO provider SBM Offshore and Brazilian oil giant Petrobas are in talks for the charter of an FPSO vessel for operations on the Buzios field located in the Santos basin, offshore Brazil. In an...
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GALLERY: Lukoil installs jackets for ice-resistant platform in Caspian Sea
Source: Lukoil Russia’s Lukoil has completed the installation of the jackets of the fixed ice-resistant platform at the V.I. Grayfer field in the Caspian Sea. Before shipping to the sea, more than...
View ArticleTrump offshore drilling ban a ‘Hail Mary’ to swing Florida votes in his favour
U.S. President Donald Trump’s recent oil ban on offshore drilling in Florida, Georgia, and South Carolina is a last-ditch effort to swing votes in his favour ahead of November elections and get some...
View ArticleEnergean inks two new gas sales agreements for Karish project
Oil and gas company Energean has signed two new gas sales and purchase agreements (GSPAs) for the sale of gas from its Karish project located offshore Israel, which is expected to come online in the...
View ArticleNeptune extends CHC gig in Dutch North Sea
Oil and gas company Neptune Energy has extended its contract with CHC Helicopters, covering the Dutch sector of the North Sea, for further two years. CHC will continue to conduct all helicopter flight...
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Hurricane Sally shuts in over a quarter of U.S. Gulf of Mexico production
Hurricane Sally has shut-in over a quarter of oil and gas production in the Gulf of Mexico, the Bureau of Safety and Environmental Enforcement (BSEE) said. The U.S. Bureau of Safety and Environmental...
View ArticleEni hits new gas discovery offshore Egypt
Italian oil and gas player Eni has made a new gas discovery in the Great Nooros Area, located in the Abu Madi West Development Lease, in the conventional waters of the Nile Delta, offshore Egypt. Eni...
View ArticleSiem Offshore scores extensions for AHTS trio in Australia
Norwegian offshore vessel provider Siem Offshore has been awarded contract extensions for three of its anchor handling tug and supply (AHTS) vessels in Australia. Siem Offshore said on Wednesday that...
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Equinor cleared to use Askeladd Phase 1 facilities
Norway’s safety watchdog, the Petroleum Safety Authority (PSA), has given Equinor consent to use Askeladd Phase 1 facilities on the Snøhvit field in the Barents Sea offshore Norway. The PSA said on...
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Seadrill agrees debt payment suspension with creditors
Offshore drilling contractor Seadrill has entered into an agreement with some of its lenders for the suspension of debt payments while the company is working on restructuring its debt. West Linus rig;...
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Sapura Energy nets over $203 million in new contracts
Oil and gas services provider Sapura Energy has announced two major project wins in South America, as well as a drilling contract win in the Ivory Coast. Sapura Energy said on Thursday that the total...
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Proserv launches two new facilities
Proserv Proserv Controls has formally unveiled two new facilities in Mussafah, Abu Dhabi and Cumbernauld, near Glasgow, Scotland. Despite the on-going global challenge of the Covid-19 pandemic, the...
View ArticleBristow elects new CFO to mitigate effects of downturn
Offshore helicopter operator Bristow Group has appointed Jennifer Whalen as Senior Vice President, Chief Financial Officer (CFO) of the company effective on Wednesday. In this role, she is responsible...
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