Norwegian oil company Aker Energy has named Kadijah Amoah as Country Director for its business in Ghana. The company explained the appointment as part of its strategy to strengthen its local presence and management in Ghana. Aker Energy holds…
Sweden's Lundin Petroleum, a partner in Norway's giant Sverdrup oilfield, raised its dividend payment and output expectations on Friday after beating fourth-quarter profit forecasts.Earnings before interest, tax, depreciation, and amortization (EBITDA) rose to $695…
Total's UK subsidiary has selected PBS, a recently formed consortium in Aberdeen, to provide general maintenance of all its operated oil and gas assets in the UK.'This new contract will bring together previous separate contracts for Total E&P UK’s sites…
U.S. Congressman A. Donald McEachin, a Democratic representative from Virginia, has introduced legislation that would require offshore oil and gas operators to report failures of critical safety systems directly to the Secretary of the Interior…
The Southeast Asian focused oil company Coro Energy will not be buying a share in the Bulu PSC, offshore Indonesia, citing increased risks around the Bulu project.'The company had in September 2018 agreed to buy a 42.5% interest in the shallow water (60m) block offshore East Java…
Offshore oil and gas industry service provider London Offshore Consultants has suffered a cyberattack, breaching data of some of LOC's clients.The marine and engineering consultancy said in a statement on Thursday:'LOC Group regrets to confirm that it was recently the victim of cyber attacks…
Lawyers representing former Nigerian oil minister Dan Etete told Reuters on Friday it was 'incredible' that a court had issued a warrant for his arrest in relation to a $1.3 billion oil deal scandal nine years after it was struck. Economic and…
The swollen number of orders felt in 2019 for floating production, storage and offloading vessels (FPSO) was, it turns out, well above the average number of yearly go-aheads seen in over the past 10 years, a new floater report says.Oil prices…
Poland's biggest oil refiner PKN Orlen plans to select a partner in the first quarter for its first wind farm project in the Baltic Sea, Deputy Head Patrycja Klarecka said on Thursday. For coal-reliant Poland, offshore wind, together with other renewables…
Orsted, the world's largest offshore wind farm developer, exceeded its own full-year core profit expectations on Thursday on the back of strong generation from its wind farms but said it expected this year's result to be slightly lower.Its 2019 earnings before interest…
The North Sea operator Serica Energy has halted production from Bruce, Keith and Rhum (BKR) fields, after an inspection unveiled issues aboard the Bruce offshore platform.'During a Bruce platform inspection, the condition of an unused seawater…
Thai oil company PTTEP reported a 40 percent rise in the full-year net profit, boosted by increased sales volumes from acquired assets and an increased stake in the Bongkot offshore field.Its 2019 net profit was 1,569 million, increasing by 40% from 2018…
Some 58.5 billion cubic meters (bcm) of natural gas were shipped from Russia to the EU via the Nord Stream pipeline in the Baltic Sea.Nord Stream AG, the operator of the 1,224-kilometer twin pipeline shared the number on Wednesday.It said: 'Thanks to uninterrupted operation throughout the year…
ABS announced on Wednesday it has been awarded more than $2.1 million for two projects focused on strengthening safety culture in the offshore oil and gas industry.The money from the Gulf Research Program (GRP) of the National Academies of Sciences…
BW Offshore has slightly reduced the valuation of its planned oil and gas spin-off, the Oslo-listed company said as it presented details for the initial public offering on Wednesday. The valuation of BW Energy was shaved to a range of between $700 million and $750 million…