Norwegian oil industry-focused investment firm Aker still sees mergers and acquisitions opportunities for its oil service firms, including Aker Solutions, its chief executive said on Thursday.Oeyvind Eriksen also told Reuters its independent oil firm Aker BP…
Norwegian oil company Aker said on Thursday that its exploration start-up in Ghana will submit development plans to Ghanaian authorities in March and the parent will then decide whether to sell stakes via an initial public offering or other means…
Danos announced Wednesday it has reached a tentative agreement to acquire the assets and business of fellow Louisiana-based oilfield service company Shamrock Energy Solutions.Danos said it expects the deal to be effective in March 2019, and…
Royal Boskalis Westminster N.V. announced Wednesday that it has signed a contract for the replacement and repair of a part of the inter-array cables at an unnamed offshore wind farm. The contract is valued at approximately $90.4 millionThe Dutch…
Controls technology company Proserv said it has promoted Tore Erntsen to the position of chief technology officer (CTO), Subsea Controls, based at the firm’s Trondheim facility.Prior to taking on his new role, Erntsen was vice president, engineering and technology…
Norwegian energy company Equinor is continuously solidifying its position in Brazil.Indeed, Equinor is considering participating in the upcoming tender of the surplus oil of the “Onerous Assignment”, which saw Petrobras awarded a certain pre…
BHP Group, the world's largest miner, said on Wednesday its board has approved $696 million in funding to expand production at the BP PLC-led Atlantis oil project in the U.S. Gulf of Mexico.The move comes about a month after London-listed oil…
Africa-focused Tullow Oil reported its first annual net profit in five years on Wednesday and said it would resume dividends with a 4.8 cent per share payout as it sets its sights on East African projects and drilling in Guyana.As flagged in November…
Marginal Field Development Company (MFDevCo) announced Tuesday it has entered into a collaboration agreement with Siemens’ Dresser-Rand business in support of its gas to wire initiative for the development of marginal gas fields.Siemens becomes the second company…
Dana Gas will begin drilling this year in an area it says could become Egypt's next giant Mediterranean gas field, after seismic data pointed to reserves as large as 20 trillion cubic feet.That data will be put to the test beginning in April or May…
Oil platform builder Kvaerner on Tuesday unexpectedly proposed its first dividend since 2015 and said it may make another such payment later this year, sending its shares soaring.The company said it expected to compete for contracts worth 30-50 billion Norwegian crowns ($3…
Dutch offshore service provider Ampelmann announced Tuesday it has opened a new office in Sakhalin, Russia, in a move to expand its presence in the local market. The office will be manned by a full-time team of two – operations engineers Cyril Kooijmans and Roman Andreev…
Royal Dutch Shell, Eni, BP and Exxon Mobil were among winners of Egypt's international tender for oil and gas exploration on Tuesday, with 12 concessions awarded in total.It marks Exxon Mobil's entry into gas exploration in Egypt, while Shell…
Aker BP ASA has exercised the first of eight one-month options to extend the charter of the tender support vessel (TSV) Safe Scandinavia, owner and operator Prosafe announced last week. The total value of the option is $4.5 million.In mid-August 2018…
Norway based Kvaerner said it has signed a contract with Norwegian energy company Equinor to study how floating concrete substructures for offshore wind turbines can be designed and constructed for the planned Hywind Tampen project in the North Sea…
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