Fossil Energy
Ex-Sembcorp Marine employee charged with money laundering and corruption
Two people connected to Singapore’s rig builder Sembcorp Marine have faced charges for money laundering and corruption related to a drilling rig construction contract with Brazil’s drilling contractor Sete Brasil.
PGNiG closes additional stake buy in Duva field
PGNiG Upstream Norway has completed the acquisition of a 10 percent stake in the Duva field, located offshore Norway, from Pandion Energy.
TechnipFMC orders pipes for North Sea projects from Tata Steel
Steel producer Tata Steel has secured three separate contracts with TechnipFMC for work in the UK North Sea.
U.S. weekly offshore rig count flat at 21
The number of active offshore rigs in the U.S. remained unchanged over the last week, according to a Friday report by Baker Hughes.
Tidewater man to take over COO role at Maersk Supply
Danish offshore shipping company Maersk Supply Service (MSS) has appointed a new chief operating officer (COO) of the company.
Popular news, January 27 – February 2, 2020
Offshore Energy Today’s most popular news of the past week.
Chevron swings to $6.6 billion quarterly loss
Chevron sank to a loss in the fourth quarter of 2019 from a profit in the same period of 2018 due to impairments and write-offs and lower crude oil and natural gas prices.
ExxonMobil profit falls in 4Q
Oil major ExxonMobil saw its earnings drop by five percent in the final quarter of last year compared to the prior-year period.
Talos paves the way for closing of Gulf of Mexico assets acquisition
Houston-based Talos Energy is paving the way for the completion of acquisition of a package of assets in the Gulf of Mexico from affiliates of ILX Holdings by completing another regulatory step.
Fugro to earn $40 million from Global Marine Group stake sale
Dutch geotechnical services provider Fugro expects to earn around $40 million from the sale of HC2 Holdings’ subsidiary Global Marine Group (GMG).
Lundin to increase spending in 2020 by 30 pct
Swedish oil and gas company Lundin Petroleum has increased its 2020 budget by 30 percent compared to the last year and boosted its production guidance for the year with expectations for long-term growth. Lundin said on Friday that its 2020 development, appraisal, exploration and abandonment budget w
Total awards maintenance and support gig in UK to Aberdeen newcomer
Total UK has awarded a general maintenance and operations support contract to PBS, a recently formed Aberdeen-based consortium.
Zenith Energy sets up Norwegian unit
Canadian oil and gas company Zenith Energy has established a fully owned Norwegian subsidiary, Zenith Norway.
Coro Energy bails out of Indonesian acquisition
Coro Energy has decided not to proceed with the acquisition of a 42.5 percent stake in the Bulu production sharing contract (PSC), offshore East Java, which contains the Lengo gas field.