Fossil Energy
COOEC taps Keppel FloaTEC for Lingshui floater work
This will be the world’s first deep-water semi-submersible production floater with condensate storage facilities.
Two Chinese companies join Novatek’s Arctic LNG 2 project
Russia’s Novatek has entered into agreements with two Chinese companies under which they will acquire participating interest in Novatek’s Arctic LNG 2 project.
Dominoes in Southeast Asia M&A space starting to fall, WoodMac says
Southeast Asia could take center stage in the region’s upstream M&A activity in 2019, with up to $14 billion worth of assets potentially switching hands, according to a new report by Wood Mackenzie.
Sparrows amasses $39 million in revenues with UK contract renewals
Sparrows Group has secured contract renewals worth an estimated £30 million in revenue in the first quarter of 2019.
Tullow sees lower output in 1Q, lowers forecast range for 2019
Oil and gas company Tullow Oil’s output during the first quarter of the year was below expectations due to issues on its operated fields located offshore Ghana. As a result, Tullow has lowered its 2019 production forecast range. In an operational update on Thursday Tullow said that its working inter
Anadarko reviewing Oxy’s takeover bid. Tells shareholders to take no action
The U.S. oil and gas firm Anadarko, a takeover target of Occidental Petroleum (Oxy) and Chevron, has said it will carefully review Oxy’s Wednesday bid and has advised shareholders not to take action regarding the Oxy bid.
ExxonMobil adds to its Namibia offshore exploration acreage
ExxonMobil plans to begin exploration activities in 2019, including the acquisition of seismic data and analysis.
Standard Drilling buys Norwegian-built platform supplier
S.D. Standard Drilling has bought a platform supply vessel of a Havyard 832 design for just a little over $8 million.
Benefit the win: Offshore Energy Awards 2019
Offshore Energy Exhibition & Conference has often advocated it is important to celebrate successes within the industry. Next to that, we want people, projects and innovations to take center stage and get the recognition they deserve.
COPL: Nigeria drilling start imminent as jack-up rig LoI signed
Oil company Canadian Overseas Petroleum Limited has signed a letter of intent with an unnamed offshore drilling company for the use of a jack-up rig in Nigeria.
Shell strikes oil at Blacktip prospect in Gulf of Mexico
Oil major Shell has made a significant discovery at the Blacktip prospect in the deep water U.S. Gulf of Mexico.
Eni books higher profit, eyes production growth in 2019
Eni saw an increase in its first quarter 2019 net profit when compared to the last year’s performance. In 2019, Eni expects its production to grow fueled by ramp-up at new fields.
Oxy in swoop for Anadarko. Says its bid superior to Chevron’s
The U.S. oil firm Occidental Petroleum has entered the race with Chevron to buy Anadarko Petroleum.
KCA Deutag lands drilling contract extension in North Sea
KCA Deutag’s Offshore business unit has been awarded an extension to its existing contract with CNOOC Petroleum Europe Limited for the Scott platform, which it operates in the UK North Sea.