Equinor agreed to buy oil and gas stakes in five discoveries in the Troll, Fram and Kvitebjoern areas of the North Sea from Wellesley Petroleum AS.The amount for the purchase was undisclosedThe transaction strengthens Equinor's position in a…
The owners of Danos, a 76-year-old Louisiana-based oilfield services firm services company, are preparing for the future by diversifying their energy portfolio through strategic acquisitions. Danos Ventures has been established to lead this effort…
Capricorn Energy has appointed Clare Mawdsley, previously a director of finance, as its acting chief financial officer, replacing James Smith, the oil and gas producer, which will give a strategy update in April, said on Monday. Smith had stayed…
An investigation into a potentially fatal offshore rig incident in Norway in which a worker lost his arm after getting crushed by a heavy drag chain, has now been completed.The incident occurred on the Linus jack-up rig on November 10, 2022…
The Italian energy group Eni said on Thursday it would simplify and improve returns to investors in its 2023-2026 strategy plan.The group said it would raise its dividend by 7% and buy back shares worth 2.2 billion euros ($2.3 billion) in 2023…
Simpson Spence Young (SSY) agreed on the terms to acquire Norwegian Westshore Shipbrokers AS, part of SSY’s strategy to enter into the global offshore sector. Based in Kristiansand, Norway, Westshore was launched in 1987.“This acquisition marks…
Canada's Suncor Energy said on Tuesday that former Exxon Mobil executive Rich Kruger would take over as its chief executive officer, replacing interim boss Kris Smith. Kruger, a near 40-year veteran of Exxon Mobil Corp, served as CEO of Imperial Oil Ltd for six years before retiring in 2019…
Brazilian state-run oil company Petrobras said on Friday its Chief Executive Officer Jean Paul Prates has appointed Sergio Caetano Leite to be the company's chief financial officer. Reuters had previously reported that Leite, Prates' business partner…
Harland & Wolff said on Friday that it would 'rationalize' the number of people working at its Methil facility in Scotland.This was in response to the contract termination settlement with Saipem over the building of jackets for the Neart na…
BP is set to hire over 100 employees to its offshore wind division as the energy company rapidly expands its operations in the fast-growing sector around the world.The hiring process will begin in the coming weeks, as part of BP's ambition to…
Spain's Repsol said on Thursday its fourth-quarter adjusted net profit more than doubled, helped by high oil and gas prices, and flagged a big increase in capital spending for this year. Its fourth-quarter profit surged to 2.01 billion euros ($2…
UK-based workers' union Unite said Tuesday that offshore workers employed by Petrofac on the FPF1 platform and the Wood Group UK Limited on TAQA platforms were being balloted for strike action.Unite said that the latest offshore disputes were…
About forty offshore installations in the UK North Sea could be affected by strike action by Bilfinger workers beginning in early April 2023, over a pay dispute.Unite the union, a workers' rights union in the UK, said Friday that more than 700…
Espen Thomassen - ©ScanaOslo-listed maritime and offshore services provider Scana has appointed Espen Thomassen as the chief commercial officer.He comes from the role of Director, Head of Commercial - Norway in legacy Maersk Drilling, now Noble Corp…
Portuguese oil and gas company Galp Energia on Monday reported a record adjusted net profit for 2022, due to soaring oil prices and wider refining margins in the fourth quarter. Galp said its adjusted profit almost doubled to 881 million euros ($940…