Search results for: Oil Major

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  • 12 September 2014
    Business & Finance

    The European Union has introduced a new wave of sanctions targeting Russian companies and officials. The latest batch, published in the EU Official Journal, banned debt financing for three Russian companies – Rosneft, Transneft and Gazprom Neft. The sanctions take effect from the moment of their publication. The EU has also banned debt financing for Russia’s three major defense […]

  • 7 November 2013
    Business & Finance

    Norwegian offshore shipping player Siem Offshore has secured contract for three of its offshore vessels with a “major oil company.” The company did not reveal the name of the client, but it revealed the names of the vessels and the financial value of the whole deal. The ships hired are two AHTS vessels “Siem Amethyst” and […]

  • 16 February 2015

    As the second largest oil producer in Africa, Angola is heavily dependent on the oil sector, making it vulnerable to oil price fluctuations, Douglas Westwood, an energy intelligence firm writes in its “DW Monday” report. In addition, drilling costs offshore Angola are very high, and DW forecasts a resultant drop in deepwater completions in Angola in […]

  • 13 January 2012
    Business & Finance

    Chevron Canada Limited, Statoil Canada Ltd. and Repsol E&P Canada Ltd. have concluded agreements to conduct exploration activities offshore Atlantic Canada. Chevron and Statoil have also finalized another agreement for exploration activities in the Canadian Beaufort Sea. These new joint ventures over large blocks in deep water represent important strategic steps for all three companies. […]

  • 6 May 2014
    Business & Finance

    Singapore’s EOC Limited, one of Asia’s leading providers of offshore oil and gas development and production solutions, has secured an award worth in excess of US$40 million including options for the Lewek Chancellor. Under this award with an oil major, the accommodation and construction barge will provide full support in accommodation and maintenance services for a project in […]

  • 23 February 2015

    Weak crude prices and rising liquefaction capacity in 2015-2016 are likely to lead to lower Asian liquefied natural gas prices in the second half of 2015, Fitch Ratings says.

  • 27 August 2019
    Business & Finance

    An unnamed oil major has awarded an Icon Offshore anchor handler a one-year contract.

  • 23 February 2015

    Weak crude prices and rising liquefaction capacity in 2015-2016 are likely to lead to lower Asian liquefied natural gas prices in the second half of 2015, Fitch Ratings says.

  • 25 January 2019
    Business & Finance

    China National Offshore Oil Corporation (CNOOC) Ltd has entered the offshore wind sector with recent involvement in a project offshore East China’s Jiangsu province. The Chinese company unveiled it entered the project this month, however, details on the size or scope of the development have not been disclosed. Offshore wind aligns with CNOOC’s business due to […]

  • 17 March 2014
    Business & Finance

    Prosafe has been awarded a Letter of Intent (LoI) by an undisclosed oil major for the provision of the Safe Scandinavia semi-submersible accommodation vessel temporarily converted for tender support operations at a location on the Norwegian continental shelf. On site operations are planned to start June 2015, with a firm period of three years. In […]

  • 17 April 2015

    Global energy companies have joined forces to fund new research aimed at advancing tropical cyclone forecasting in Northern Australia to further improve offshore safety and mitigate costly disruptions to operations. Results from the industry-driven research are expected to enhance tropical cyclone response planning and public weather forecasting services for the wider community. The Industry Technology […]

  • 12 November 2013

    Norwegian offshore shipping player Island Offshore has entered into a contract with an undisclosed major oil company covering the charter of the purpose built, state of the art “Walk-to-work”, maintenance, subsea and support vessel M/V Island Crown. The contract is a seasonal charter and the main duty for the vessel will be to provide accommodation […]

  • 22 November 2011

    Turkish Energy Minister Taner Yildiz said today that Turkey has reached agreement with Dutch oil giant Shell, for the exploration in Gulf of Antalya. Turkey also plans to announce a tender for hydrocarbon exploration in Gulf of Mersin and Iskenderun, and many major oil companies such as Statoil, Petrobras, Chevron, and Exxon are believed to […]

  • 6 March 2018

    Several oil majors have submitted their bids for the exploration and exploitation of hydrocarbons offshore Greece. 

  • 18 December 2018
    Business & Finance

    CNOOC has signed strategic cooperation agreements with nine international oil companies including: Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation and Total. 

  • 1 July 2019
    Business & Finance

    Oil company Lekoil has entered into agreements that should further develop the offshore block containing the Otakikpo field offshore Nigeria.

  • 12 June 2017

    A niche energy market now, renewables will be much bigger by the middle of the next decade, and a theme not to be ignored, as oil and gas demand growth slows, Wood Mackenzie writes in its latest report. Wind and solar energy are poised to radically reshape the energy market over the coming decades, presenting […]

  • 16 November 2016

    Innovative UK firms are set to sit down with major oil and gas players on Wednesday, where they will be pitching their subsea solutions. According to Subsea UK, an industry body representing UK’s subsea suppliers, the initiative encourages companies to step up to the plate and present their processes and systems which have the potential to […]

  • 6 October 2011
    Business & Finance, Equipment

    Enviro Voraxial Technology, Inc.  announced today that it has shipped a Voraxial® 2000 System to an oil and gas service company for a produced water application. The Texas based multi-billion dollar oil service company is a leading provider of consulting, engineering, and technical services worldwide. The Voraxial 2000 System, designed to be installed on offshore […]

  • 20 October 2011
    Business & Finance

      TSC Group Holdings Limited  has recently landed a series of offshore equipment contracts from key global clients, including Maersk, Transocean, Tidewater Marine, and Reliance. In addition, the Group has also been awarded five turnkey oil production platforms and vessels projects for ADMA-OPCO, Cuu Long Joint Operating Company, ONGC, Petrofac and Technip. The total value […]

  • 12 June 2012
    Business & Finance

    Semco Maritime is as busy as ever with rig upgrades. In the spring and summer, six jack-up rigs from the North Sea will be extensively upgraded at the company’s new rig facilities in the Port of Esbjerg. The company expects the turnover for rig projects to reach 500 million Danish kroner globally this year. This […]

  • 28 January 2015
    Business & Finance

    Chevron Corporation will work with BP Exploration and Production Inc. and ConocoPhillips Company to explore and appraise 24 jointly-held offshore leases in the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico. Chevron will be the operator. “Chevron has a proven track record for delivering superior results in complex deepwater developments,” said Jay […]