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NEWS |
Babcock secures North Sea support contract
Babcock Offshore has agreed a three year crew transport contract to support Serica Energy, a mid-tier UK oil and gas company and 50 year veteran of North Sea operations.
NEWS |
Global oil stocks will balloon if OPEC fails to agree on deeper production cuts
Barring additional oil production cuts by OPEC in 2020, Rystad Energy forecasts a substantial build of global crude stocks and a corresponding drop in oil prices.
NEWS |
Transfer of Wisting operatorship to Equinor
Equinor and OMV have agreed on transferring the operatorship for the Wisting license and development phase in the Barents Sea as of 1 December.
NEWS |
Cairn Energy offloads Norway operation Capricorn Norge for $100m
Cairn Energy had entered into an agreement to dispose of the entire share capital of Capricorn Norge, its wholly-owned subsidiary in Norway, it announced on Wednesday.
NEWS |
Peterson and Itaoca Offshore announce partnership for development of new Brazil terminal
Itaoca Terminal Marítimo S.A. (Itaoca Offshore) and Peterson Offshore Group (Peterson) have today announced a Partnership and Consulting Agreement for the development of the Itaoca project.
NEWS |
Bureau Veritas awarded a three year asset integrity contract with Shell Tunisia
Bureau Veritas Solutions – Marine & Offshore (BV Solutions), the consultancy and outsourcing brand of Bureau Veritas, a world leader in testing, inspection and certification services, has been awarded (...)
NEWS |
Ardyne and Equinor strengthen relationship with long-term agreement
UK plug, abandonment and casing recovery specialist Ardyne has enhanced its relationship with Equinor through a frame agreement for fishing services covering all of the operator’s assets on the Norweg (...)
NEWS |
Ampcontrol and MIDEL join forces to bolster Australian power network reliability
Ampcontrol, the leading Australian electrical engineering company, and MIDEL, the world's leading brand of ester transformer fluids, have signed a partnership agreement. The companies will retrofill t (...)
NEWS |
Shaleem buys Weatherford - Oman
Oman's Shaleem Petroleum Company has signed an agreement to acquire Weatherford International - Oman.
NEWS |
Equinor chooses suppliers for inspection services on offshore installations and onshore plants
Equinor has chosen suppliers for inspection services on all offshore installations on the Norwegian continental shelf and onshore plants in Norway. The frame agreements are scheduled to be signed in a (...)
NEWS |
Total’s emissions plan won’t meet Paris goals say shareholder activists
A new report from oil and gas giant Total called ‘Integrating Climate Into Our Strategy’ shows the company is not on track to comply with goals set out in the 2040 Paris Climate Agreement, say a group (...)
NEWS |
Penspen awarded global PMC framework agreement with ADNOC
Penspen has been awarded a prestigious project management consultancy (PMC) framework agreement from the Abu Dhabi National Oil Company (ADNOC).
NEWS |
Aker BP and partners to go ahead with Ærfugl project phase 2
Aker BP and its partners Equinor, Wintershall DEA and PGNiG have agreed to go ahead with the Ærfugl project phase 2 in the Norwegian Sea with an objective to bring it online three years ahead of the o (...)
NEWS |
Sandvik receives Letter of Award from Tenaris for supply of CRA OCTG to Abu Dhabi National Oil Company (ADNOC)
Sandvik, a developer and producer of advanced stainless steels, special alloys, titanium and other high-performance materials, has entered into a long-term agreement with Tenaris to supply Oil Country (...)
NEWS |
Shell to acquire floating wind farm developer EOLFI
Oil and gas giant Shell has agreed to acquire 100% stake in EOLFI, a French renewable energy developer specialising in floating wind farms, for an undisclosed amount.
NEWS |
Equinor sells Eagle Ford asset
Equinor has signed an agreement to divest to Repsol its 63% interest in, and operatorship of, its onshore business in the Eagle Ford in the US state of Texas.
NEWS |
Premium Oilfield Technologies Acquires Global Drilling Support
Premium Oilfield Technologies announced today that it has executed agreements to buy Global Drilling Support “GDS”.
NEWS |
MOL to buy Chevron’s Azerbaijan interests
MOL Group, Budapest, has agreed to buy Chevron Corp.’s major interests in Azerbaijan.
NEWS |
Ghana's $4.4 billion Pecan oilfield development faces delay: Aker
Aker Energy’s planned development of an oilfield in Ghana faces delay due to a disagreement with authorities over regulations, Norwegian investment company Aker ASA (AKER.OL) said on Friday.
NEWS |
OneSubsea wins industry’s longest deepwater tieback project for Ormen Lange
Schlumberger announced an award to OneSubsea® by A/S Norske Shell of a frame agreement for an engineering, procurement, construction and installation (EPCI) contract for the supply of a subsea multiph (...)
NEWS |
Total Sells Interest In Offshore Brunei Block To Shell For $300 Million
French oil major Total said it signed an agreement to sell the company’s wholly owned subsidiary Total E&P Deep Offshore Borneo BV—which holds an 86.95% interest in Block CA1, located 100 km off the c (...)
NEWS |
Dolphin Drilling wins contract extension and agrees to enter multi-year strategic alliance with i3 Energy
Global contractor Dolphin Drilling has announced a two-month contract extension with i3 Energy for use of the Borgland Dolphin semi-submersible drilling rig and agreed to enter into a four-year strate (...)
NEWS |
Halliburton and Repsol Sign Cloud Data Management Agreement for Exploration and Production
Halliburton Company today announced a multi-year agreement with Repsol to provide a cloud-based master data management solution for exploration and production (E&P) activities.
NEWS |
Oil and gas: Measuring the importance of Wales' reserves
Wales' oil and gas fields may have "meagre" reserves but they could be important for generating other types of energy, an expert has said.
NEWS |
Aramco IPO delayed on disagreement over valuation
The trouble with Saudi Aramco’s off-again, on-again initial public offering has always been the valuation. Ever since Crown Prince Mohammed bin Salman insisted the world’s largest oil producer was wor (...)
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