Neptune Energy has appointed Odin Estensen as Managing Director of its Norwegian business, based in Stavanger.Estensen joins Neptune Energy from A/S Norske Shell, where he is currently the Norway Operated Asset Manager.With more than 28 years’ experience in the oil and gas sector…
Brazil's state-controlled oil company Petroleo Brasileiro said on Friday it prepaid a 2 billion real ($516.13 million) loan due in 2020 from Banco do Brasil, and opened a new credit line for the same amount with the same bank due in 2025.The…
The government of Cyprus has invited companies to bid on a new energy exploration zone off the coast of Cyprus, said a report in Kathimerini News.The country decided to only permit energy companies already part of the Cypriot Exclusive Economic Zone to bid on the project…
The Russian gas giant of Gazprom and the Austrian OMV company signed a Memorandum on Strategic Cooperation.The document, signed by Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV…
Vroon Group has completed the sale of MPI Offshore to Van Oord. Van Oord has acquired the MPI office organisation in Stokesley (UK), the vessels MPI Adventure and MPI Resolution, and associated crew.According to a press release, a total of hundred people…
The UK’s offshore oil and gas industry continued to see improvement across a broad range of health and safety indicators last year, according to a key insight into the health and safety landscape published by Oil & Gas UK.Findings from the leading…
General Electric Co's unit Baker Hughes is preparing an offer for a production-sharing deal with Brazil's Petrobras, a Baker Hughes executive said on Tuesday, as the state-run oil company seeks creative ways to boost output from mature fields…
Solstad Farstad has changed its name to Solstad Offshore ASA. The name change of the company, jointly formed by Solstad Offshore, Farstad Shipping and Deep Sea Supply last year, was announced through Twitter.The integrated shipping company with high specification vessels in its market segment…
Engineering consultancy BMT and subsea technology company Sonardyne International have signed an agreement to provide integrated marine integrity monitoring solutions to the oil and gas industry.The official Teaming Agreement between BMT and Sonardyne…
ADNOC LNG said it signed an AED 3.16 billion (US$860 million) contract with a consortium of Spain's Tecnicas Reunidas and Abu Dhabi’s Target Engineering Construction Company for building the second phase of the Integrated Gas Development Expansion (IGD-E)…
BP has received approval from the Oil and Gas Authority (OGA) to proceed with the Vorlich development in the central North Sea, which is expected to come onstream in 2020.New North Sea development is targeting 30 million barrels of oil equivalent and expected to produce 20…
In the latest consolidation in the offshore sector, Nordic American Offshore (NAO) and Canada based Horizon Maritime Services signed a memorandum of understanding (MoU) to form a fleet of 17 ships capable of operating in offshore environments…
Seacor Marine Holdings has entered into a USD 130 million loan facility with a syndicate of lenders led by DNB Bank ASA.The provider of marine and support transportation services to offshore oil and natural gas and wind farm facilities worldwide…
Equinor has signed an agreement to acquire Chevron’s 40 percent operated interest in the Rosebank project, one of the largest undeveloped fields on the U.K. Continental Shelf (UKCS). The parties did not disclose the commercial terms of the agreement…
Dutch offshore services company Fugro NV has appointed longtime employee Mark Heine as its next CEO and Chairman of the Board of Management. He succeeds Øystein Løseth, who has decided to resign after only several months in the role.Heine, who…