What will happen next in the upstream M&A and what direction will it take? Is now the time to go on the first buying spree after the COVID-19 outbreak and get the high-value goods at a bargain price? Chevron might agree.
BW Offshore has received a one-year contract extension for the lease of one of its floating, production storage and offloading (FPSO) vessels.
Cyberattacks on the maritime industry’s operational technology systems have increased by 900% over the last three years with the number of reported incidents set to reach record volumes by year-end, according to Israeli cybersecurity specialist Naval Dome. Addressing port and terminal operators duri
Chevron has entered into a definitive agreement with Noble Energy to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share.
South African domestic natural gas and helium producer Renergen kicked off the country’s first-ever liquefied natural gas (LNG) auction.
A group of armed pirates boarded a product tanker offshore Benin on Friday, July 17, and kidnapped 13 crew members, Alison Management Corp., the management company of the vessel confirmed to Offshore Energy-Green Marine. The statement was issued on the back of a report from maritime security firm Dr
French energy giant Total said Friday it has signed a $14.9 billion senior debt financing deal for its Mozambique LNG project, the biggest project financing ever in Africa. The project includes the development of the Golfinho and Atum natural gas fields located in Offshore Area 1 concession. Gas wil
The International Transport Workers’ Federation (ITF) estimates that there are now approximately 300,000 seafarers trapped working aboard ships due to the crew change crisis caused Covid-19 border and travel restrictions, and an equal number of unemployed seafarers waiting to join them who are ashor
The Oil and Gas Climate Initiative (OGCI) has revealed a target to reduce the collective average carbon intensity of member companies’ aggregated upstream oil and gas operations to between 20 and 21 kilograms of CO2 emissions per barrel of oil equivalent by 2025, from a collective baseline of 23 kg
Earlier this week, a containership operated by Swiss shipping major Mediterranean Shipping Company (MSC) lost more than 20 containers overboard during a stormy weather in Algoa Bay near the city of Port Elizabeth, Eastern Cape, the South African Maritime Safety Authority (SAMSA) said.
The Organization of the Petroleum Exporting Countries and its allies, also known as OPEC+, have agreed to curb oil supply from August as the global economy recovers from the COVID-19 pandemic.
Brussels-based contractor BESIX has been selected to build the marine facilities of the Mozambique LNG project in partnership with Mota-Engil.
