Nabors finalises Parker Wellbore acquisition
Nabors projects Parker will generate around $150m in annual adjusted EBITDA by 2025, excluding synergies. Nabors Industries, a provider of…
oil and gas
A new rule could speed up unused oil well decommissioning. Gulf States are suing to stop it
Thousands of oil and gas wells in the Gulf of Mexico no longer in use need to be removed from…
Brazil offshore oil hit by regulators’ crackdown on drilling
Brazilian regulators are cracking down on some offshore drilling by oil giants like Petrobras and Equinor ASA, complicating exploration and…
Aker BP comes up empty-handed at another prospect as drilling ops wind down
Norwegian oil and gas player Aker BP has found no hydrocarbons in the Norwegian Sea, following drilling activities conducted by…
Shelf Drilling bags $50m rig contract extension from Chevron
United Arab Emirates-based jackup rig pure-play Shelf Drilling has secured an extension for one of its rigs. Namely, the 2008-built…
Shell taps Asian duo for ‘first major’ decom project offshore Brunei
Serikandi Hilong, a joint venture (JV) between Brunei’s Serikandi Oilfield Services and Hilong Group’s Hong Kong-based affiliate Hilong Marine Engineering,…
Saipem and Subsea7 propose merger to form Saipem7
The combined entity will have a backlog of €43bn, annual revenue of approximately €20bn, and EBITDA of over €2bn Italian…
Cenovus Energy reports Q4 profit and revenue down from year ago
CALGARY — Cenovus Energy Inc. reported its fourth-quarter profit and revenue fell compared with a year ago as it saw…
Draeger UK secures contract extension with INEOS O&P UK, Grangemouth
Draeger Safety UK Ltd, a global leader in the field of safety technology headquartered in Blyth in North East England,…
OAA Young Professional Finalists Announced
The finalists in the OAA Young Professional Category have been announced today (Friday 7th February 2025) following a two-stage process.…
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