Singapore-based offshore rig builder Sembcorp Marine has said that its former consultant in Brazil has been sentenced to 19 years and four months in prison.SembMarine said Friday that Guilherme Esteves de Jesus (“GDJ”), had been convicted by…
Oil exports by Brazilian state-run Petrobras should fall slightly in the first quarter, thanks to scheduled maintenance stoppages at offshore platforms, executives said on Thursday.On a conference call to discuss the firm's fourth-quarter results…
Malaysian oil company Petronas Carigali has contracted Tanjung Offshore Services for the delivery of a mobile offshore production unit.Tanjung Offshore Services has won a contract with a consortium Partner VME Process Systems Malaysia. The contract is for the provision of leasing…
Offshore drilling company Valaris on Thursday posted a net loss of $216 million for the fourth quarter of 2019, compared to a loss of $197 million in the third quarter of 2019. According to its CEO, more losses are to be expected in 2020.Valaris' fourth-quarter revenues fell to $512 million…
French oil company Total has awarded oilfield services firm Worley two master service agreements (MSAs) for services at the Mozambique LNG Project.The Mozambique LNG project, previously operated by Anadarko, will be Mozambique’s first onshore LNG development…
Norwegian oil and gas company Aker Energy has signed a letter of intent with Malaysian FPSO provider for the delivery of an FPSO for Aker Energy's Pecan oil field offshore Ghana.Subject to a firm contract signing, Yinson will get the deal for…
Norwegian oil and gas investments, the key driver of the country's economy, will rise more than previously expected this year before declining in 2021, an industry survey by the national statistics agency (SSB) showed on Thursday.The survey is closely watched by Norway's central bank…
Deep Down, a U.S.-based subsea oil and gas equipment supplier, has received an order from Shell for a delivery related to Shell's Whale development in the U.S. Gulf of Mexico.Under the contract with Shell, Deep Down will design, engineer and…
Offshore drilling company Noble Corp. has announced that Julie J. Robertson will resign as President and Chief Executive Officer of the company at the next annual general meeting. She will take on the newly created role of executive Chairman of the Company's Board of Directors…
Spain's Repsol on Thursday reported a 36% fall in adjusted net profit and a net loss for the fourth quarter of 2019, battered on all sides by lower oil and gas prices and one-off charges mainly related to a bid to cut carbon emissions. Oil majors…
Dutch geotechnical services firm Fugro has said that its Fugro Pioneer vessel has left the Port of Sunderland in the UK earlier this month to begin a 6-month offshore site investigation and survey campaign for innogy's Sofia offshore wind farm…
Norwegian marine survey company EMGS is looking at options after Mexico's Pemex said it wouldn't award any more work 'in the medium future' under a contract announced in 2019. EMGS expects the decision will have a 'material detrimental effect' on its business…
Energean Oil and Gas has announced successful results from production measurement performed during clean-up of the Karish Main-02 development well, in the Karish Main structure, offshore IsraelThe Mediterranean Sea-focused company working to…
Brazilian state-run oil firm Petrobras missed fourth-quarter expectations, but posted a record profit for 2019, as the firm's strategy of focusing on deepwater production and exiting non-core activities shows signs off paying off.In a securities filing on Wednesday…
Specialist drilling waste management company, TWMA, has announced the appointment of Halle Aslaksen as its new CEO.Aslaksen joins the Aberdeen-headquartered company from the Norwegian hydropower operator Småkraft, where he served as CEO. He…