Fossil Energy
African Petroleum director resigns over health reasons
A non-executive director of independent oil and gas company African Petroleum has resigned from the board of directors.
Seacroft Marine bags new contracts
Seacroft Marine Consultants has won over £500,000 in new contracts in the first three months of 2018.
Fridman: L1, BASF oil deal not affected by sanctions pressure
LetterOne chairman Mikhail Fridman does not expect recent U.S. sanctions against Russian oligarchs will hamper his company’s oil deal with BASF.
ConocoPhillips to slash 450 jobs in UK
U.S. oil and gas giant ConocoPhillips has reportedly decided to slash about 450 positions from its UK workforce.
India: Oil minister spuds offshore well in Bay of Bengal
India’s oil and gas minister Dharmendra Pradhan formally spudded an exploration well at ONGC’s east coast project of KG-DWN-98/2.
Eni to spend over $1 billion a year on exploration
Italian oil company Eni expects its production to increase by 3.5% per year over the next four years.
Shana: Total set to award South Pars contracts
French oil giant Total is set to reveal contract awards to oilfield equipment and services suppliers as part of its South Pars Phase 11 project development offshore Iran.
Sapura Energy sanctions gas field development off Sarawak
Sapura Energy and its partners Petronas and Shell have taken a Final Investment Decision (FID) to develop the Gorek, Larak and Bakong fields as phase 1 in the SK408 Production Sharing Contract off Sarawak.
Total, Statoil take over Cobalt’s Gulf of Mexico discovery
Norway’s Statoil and France’s have completed their acquisition of Cobalt International Energy’s 60% operated interest in the North Platte discovery in the US Gulf of Mexico for an aggregate purchase price of $339 million.
Petrobras takes DOF’s diving support vessel on long-term contract
DOF Subsea has been awarded a three-year firm contract with a two-year extension option by Petrobras in Brazil.
Subsea 7 completes Siem cable lay business buy
Subsea 7 has completed the acquisition of Siem Offshore Contractors and two vessels from the Siem Offshore Group.
UK: Oil and Gas Authority gets interim chair
UK’s Oil and Gas Authority has appointed an interim chairperson while the search for a permanent replacement is ongoing.
New management team sets up at Magseis
The newly recruited chief financial officer (CFO) and senior vice president (SVP) have begun working for Magseis.
Abu Dhabi launches first ever oil and gas licensing round
As part of Abu Dhabi’s first ever block licensing strategy and on behalf of the Supreme Petroleum Council, ADNOC has launched the details of the initial round of six geographical oil and gas blocks open for bidding.