Neptune abandons plan to buy Edison’s UK and Norway assets from Energean
Energean has agreed with Neptune Energy to terminate the agreement for Neptune Energy to acquire Edison E&P’s UK and Norwegian subsidiaries from Energean. In turn, Energean is looking to acquire...
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ExxonMobil farms into Petronas’ block offshore Suriname
Malaysian energy giant Petronas has completed the farm-down of 50 per cent of its participating interest in its fully-owned Block 52 offshore Suriname to ExxonMobil. Location of Block 52 (in red);...
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Emperor teams with APA on Judith offshore gas project
Emperor Energy and Australia’s largest gas infrastructure company APA Group have entered into a binding agreement to progress with the pre-front end engineering design (pre-FEED) for the provision of...
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Odfjell Drilling to idle rig prior to Total gig in South Africa
Offshore drilling contractor Odfjell Drilling and French oil major Total have agreed to keep Odfjell’s semi-sub rig Deepsea Stavanger idle in Norway prior to mobilising it to South Africa for Total’s...
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PD&MS wins modifications job on Spirit Energy’s facilities
UK engineering company PD&MS Group has been awarded a new three-year contract with options for a further three-year extension with Spirit Energy. PD&MS vice president of operations and...
View ArticleDamen to deliver components package for oil recovery vessel
Dutch shipbuilder Damen Shipyards Group has signed an agreement with South Korean-based Hanjin Heavy Industries and Construction (HHIC) to deliver a complete components package for a multi-purpose...
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Interim chief financial officer of KrisEnergy takes on permanent role
Oil and gas company KrisEnergy has decided to promote its interim chief financial officer (CFO) to a permanent role. KrisEnergy assets; Source: KrisEnergy KrisEnergy said on Tuesday that Joanne Ang,...
View ArticleFloatel accounts blocked. Debt payment put off until mid-June
Floatel International, a provider of offshore accommodation rigs, has entered into an agreement with bondholders for an extension of a forbearance agreement until 15 June 2020. Floatel said on Tuesday...
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GALLERY: Giant Sleipnir vessel wraps up decommissioning campaign for...
Earlier this month, Heerema Marine Contractors’ giant semi-submersible crane vessel (SSCV) Sleipnir completed its first decommissioning campaign of the season. Images by Heerema Marine Contractors It...
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Using oil and gas know-how to develop CO2 capture and storage project amid...
Using their decades of experience in the oil and gas sector, three majors are moving forward with a project which will enable the transport of carbon dioxide captured from industrial sites in Norway...
View ArticleMaersk Supply Service gets subsea removal task for Dunlin Alpha platform
Maersk Supply Service has secured a contract by Fairfield Betula Limited for the removal of the Dunlin Alpha platform’s subsea conductors and guide frames. Maersk Supply Service will remove four 30”...
View ArticleJersey now majority owner and operator of Verbier discovery
Jersey Oil & Gas (JOG) has completed the acquisition of an additional 70 per cent working interest in Licence P2170 (Blocks 20/5b and 21/1d) located in the UK North Sea from Norway’s Equinor. JOG,...
View ArticleWorley bags two frameworks with BP
Oil major BP and Worley have entered into two global framework agreements, one for conceptual engineering and the other for early engineering and front‐end engineering design (FEED) services. Both...
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Total renegotiates terms of non-core North Sea assets sale with NEO Energy
HitecVision and NEO Energy have renegotiated terms for the acquisition of a portfolio of operated and non-operated assets in the UK North Sea from French oil major Total. Assets in question; Source:...
View ArticleWintershall Dea books quarterly loss, cuts capex
Oil and gas company Wintershall Dea has decided to reduce its capital expenditures for 2020 by 30 per cent after booking a loss in the first quarter of the year amid low oil price environment. The...
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ConocoPhillips CFO to retire after 39-year career
Oil major ConocoPhillips has said that Don E. Wallette, Jr. will be retiring as executive vice president and a chief financial officer after a 39-year career with the company. Don E. Wallette, Jr.;...
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Malaysian contractor snaps up two offshore deals
Two subsidiaries of Malaysia’s engineering services company T7 Global have been awarded contracts from Hess and PTS Resources. Illustration; Author: SP Mac – shared with permission from the...
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After three-month slump Norwegian oil output above expected in April
Norwegian oil production during April 2020 was above predictions made by the Norwegian Petroleum Directorate (NPD) after a three-month stint of falling short of expectations. According to the...
View ArticleOceaneering lands asset integrity job in Middle East
Oceaneering has been awarded a considerable asset integrity contract from a major operator based in Dubai, UAE. The award includes the provision of general and advanced non-destructive testing (NDT)...
View ArticleNew CEO to join Noreco in July
Oil and gas company Noreco has appointed David B. Cook as the new Chief Executive Officer with effect from 1 July 2020. Announcing his appointment on Wednesday, Noreco said that Cook is an experienced...
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