OMV Petrom sheds Kazakhstan fields to focus on Black Sea
Romanian oil and gas company OMV Petrom has sold its onshore oilfields in Kazakhstan to focus on its portfolio in the Black Sea region. The post OMV Petrom sheds Kazakhstan fields to focus on Black Sea...
View ArticleLong-awaited ‘world-class’ Ironbark prospect disappoints
After the completion of the drilling operations, one of BP’s more important wells in 2020 – the Ironbark-1 well offshore Australia – has not encountered a significant amount of hydrocarbons. The post...
View ArticleLukoil reaches oil output milestone on North Caspian Sea fields
Russian independent oil company Lukoil has exceeded a cumulative production of 35 million tonnes from its Yury Korchagin and Vladimir Filanovsky fields in the North Caspian Sea. The post Lukoil reaches...
View ArticleAwilco Drilling terminates rig building deal with Keppel. Wants refund
Offshore driller Awilco Drilling has terminated its offshore rig construction order with Singapore's Keppel due to a “breach of contract“ and is seeking a refund. The post Awilco Drilling terminates...
View ArticleVitol pays $45 million to Petrobras in corruption settlement
Brazilian state-run oil company Petrobras has received $44.65 million in a settlement with Swiss energy trading firm Vitol, which was implicated in a sprawling national corruption probe. The post Vitol...
View ArticleEnergean to pay up to $405M for remaining stake in Israeli subsidiary
Oil and gas firm Energean has entered into an agreement to buy Kerogen’s 30 per cent shareholding in Energean Israel, resulting in Energean owning a 100 per cent stake in the company. The post Energean...
View ArticlePetrobras moves European commercial activities to Rotterdam
Brazilian oil major Petrobras has decided to transfer its commercial activities from London to the Port of Rotterdam in the Netherlands. The post Petrobras moves European commercial activities to...
View ArticleU.S. offshore rig count remains flat
The number of offshore rigs in the U.S. remained unchanged over this week, according to a weekly rig count by Baker Hughes. The post U.S. offshore rig count remains flat appeared first on Offshore...
View ArticleSpanish natural gas consumption up in December
Spanish total natural gas consumption in December grew by 3.4 per cent compared to the same month in 2019. The post Spanish natural gas consumption up in December appeared first on Offshore Energy.
View ArticleEdison sells Norwegian subsidiary to Sval Energi
Italian energy player Edison has sold its wholly-owned Norwegian subsidiary Edison Norge, the company that controls the group's hydrocarbon exploration and production activities in Norway, to Sval...
View ArticleSSE sheds North Sea fields to focus on renewables
Scotland-based energy company SSE plc has agreed to sell all of its interests in its portfolio of gas exploration and production assets to Viaro Energy The post SSE sheds North Sea fields to focus on...
View ArticleExxon to write off up to $20B of assets despite 4Q gains
Oil major ExxonMobil has stated that it would have to write down assets up to $20 billion regardless of higher oil and gas prices and improved chemical margins. The post Exxon to write off up to $20B...
View ArticleIthaca adds another Repsol Sinopec man to executive team
Oil and gas company Ithaca Energy, a subsidiary of Israel’s Delek Group, has appointed David Crawford as Chief Financial Officer of the company. The post Ithaca adds another Repsol Sinopec man to...
View ArticleOceaneering bags over $250M in contracts
Houston-based Oceaneering said it has won multiple contracts for its Integrity Management and Digital […] The post Oceaneering bags over $250M in contracts appeared first on Offshore Energy.
View ArticlePetronas takes over E11 gas hub operatorship
Petronas through its unit, Petronas Carigali (PCSB), has taken over the operatorship of the E11 gas hub, located 130 kilometers offshore Bintulu, Sarawak. The post Petronas takes over E11 gas hub...
View ArticlePioneering Spirit vessel hired to remove Morecambe platforms
Allseas’ giant heavy lift vessel, the Pioneering Spirit, will remove the DP3 and DP4 platforms from Morecambe Bay off the UK for Spirit Energy. The post Pioneering Spirit vessel hired to remove...
View ArticleSaipem drillship resuming Coral Sul drilling after Covid-19 pause
Saipem 12000, a Saipem-owned drillship, is resuming drilling operations at the Coral Sul project offshore Mozambique following an eight-month delay. The post Saipem drillship resuming Coral Sul...
View ArticleNeptune adds more work to Deepsea Yantai rig backlog
Offshore drilling contractor Odfjell Drilling has won more work for its Deepsea Yantai drilling rig from Neptune Energy for operations offshore Norway. The post Neptune adds more work to Deepsea Yantai...
View ArticleEquinor picks ASN for Breidablikk cabling
Equinor and Alcatel Submarine Networks (ASN) have signed a new contract for the roll […] The post Equinor picks ASN for Breidablikk cabling appeared first on Offshore Energy.
View ArticleExpress Engineering divests aerospace unit to focus on O&G
UK subsea energy products company Express Engineering has sold off part of its business […] The post Express Engineering divests aerospace unit to focus on O&G appeared first on Offshore Energy.
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