President Luiz Inacio Lula da Silva on Wednesday threw his weight behind a push by state-run oil company Petrobras to explore the environmentally sensitive offshore Equatorial Margin, saying Brazil cannot give up such an opportunity.The offshore…
Norwegian offshore vessel owner Solstad Offshore has secured multiple contracts with Petrobras, whose combined value is approximately $240 million (NOK 2.6 billion).The contracts are scheduled to start in the second half of 2024 and first half of 2025…
Oslo-listed offshore drilling firm Dolphin Drilling has made a strategic decision to sell and recycle the semi-submersible drilling rig Dolphin Leader, recently acquired from Transocean.The decision aligns with Dolphin Drilling's ongoing efforts…
Italian oil giant Eni has completed the sale of 10% of the share capital of Saipem, securing a little over $420 million (€393 million) in proceeds.The settlement of the transaction will take place on June 14, 2024, Eni sad.Following the placement…
Marine LNG infrastructure developer Golar LNG has signed a project development agreement (PDA) with the state-owned Nigerian National Petroleum Corporation (NNPC) for the deployment of an FLNG facility offshore Niger Delta.With a capacity of 400-500 million standard cubic feet per day (MMscf/d)…
Canada-based oil and gas company Valeura Energy has completed the acquisition of the floating storage and offloading (FSO) vessel Aurora, which is already on location at its Nong Yao field, in the Gulf of Thailand.The acquisition was the result…
AIM-listed natural resources investing company Deltic Energy has withdrawn from the Shell-operated license in the Southern North Sea due to the inability to secure a farm-out or an alternative funding solution for its commitments related to the Pensacola appraisal well…
Vår Energi has completed the intra-group merger with its wholly-owned subsidiary Vår Energi Norge, formerly Neptune Energy Norge.The merger has been registered with the Norwegian Register of Business Enterprises, and consequently all assets…
Australian oil and gas company Beach Energy has ceased development planning for its Bass Basin discoveries, which include Trefoil, Bass, White Ibis and Yolla West, offshore Australia, amid strategic review.On conclusion of Beach's strategic review…
Woodside has achieved first oil from the Sangomar field offshore Senegal, marking the safe delivery of the country’s first offshore oil project.The Sangomar Field Development Phase 1 is a deepwater project including a stand-alone FPSO facility with a nameplate capacity of 100…
U.S. oilfield services giant Baker Hughes has secured a contract from Brazil state-owned oil and gas major Petrobras for workover and plug and abandonment (P&A) services in pre-salt and post-salt fields offshore Brazil.The multi-year project…
Oil and gas company Sintana Energy has completed the acquisition of shares in Giraffe Energy Investments, securing a stake in two blocks in the Orange Basin, offshore Namibia.Sintana Energy has closed the previously announced acquisition of…
Offshore drilling contractor Vantage Drilling is exploring a possible listing of its shares on Euronext Growth Oslo, a multilateral trading facility operated by Euronext.According to Dubai-based company, the listing may facilitate increased…
BP and Worley have formed a new strategic alliance across BP’s global site projects, spanning the Gulf of Mexico, Middle East and Africa.The alliance will improve capital efficiency in site projects saving an initial estimated $ 40 million over…
Noble Corporation has entered into a definitive agreement to acquire Diamond Offshore, creating a fleet of 41 rigs - including 28 floaters and 13 jack-ups, and a combined backlog of approximately $6.5 billion.Noble will acquire Diamond in a stock plus cash transaction…
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