Natural resources exploration company Red Emperor Resources is still waiting for a transfer of Otto Energy’s interest in Block SC 55, in the offshore Palawan Basin in the Philippines. Otto was the operator of SC 55 with 78.18% interest with partners Red Emperor Resources, with 15% interest, and Pala
Dutch offshore and dredging contractor Boskalis will report non-cash impairment charge of EUR 840 million ($892 million) in its annual results 2016, hurt by the challenging offshore oil and gas market conditions. Boskalis will publish its annual results on March 8. The company said on Friday the cha
Monadelphous, in a joint venture with Jacobs Engineering, received a letter of intent from Oil Search for a new five-year contract for Oil Search’s oil and gas production facilities in the Highlands region of Papua New Guinea (PNG).
InterOil Corporation said the Antelope-7 sidetrack appraisal well reached 2,383 meters depth without any evidence of intersecting the Antelope reservoir.
A fire that broke out on board a Korean fishing vessel at the port of Cape Town on February 18 has been put under control, according to the South African Maritime Safety Authority (SAMSA). “The fire is under control, but has spread to the back (aft) of the vessel. The City of Cape Town Fire Services
Golar LNG’s offering of 2.75 percent convertible senior notes brought in US$402.5 million in a private placement to qualified institutional buyers.
By Anshuman Daga SINGAPORE (Reuters) – Malaysian state-owned oil and gas firm Petronas is aiming to sell a large minority stake in a prized upstream local gas project for up to $1 billion (804.57 million pounds) as it seeks to raise cash and cut development costs, two sources familiar with the matte
By Anshuman Daga SINGAPORE (Reuters) – Malaysian state-owned oil and gas firm Petronas is aiming to sell a large minority stake in a prized upstream local gas project for up to $1 billion (804.57 million pounds) as it seeks to raise cash and cut development costs, two sources familiar with the matte
Qatar on Monday inaugurated the Ras Laffan 2 refinery, doubling the country’s condensate refining capacity to 292,000 barrels per day.
The U.S. weekly offshore rig count has fallen by three units, leaving the U.S. with only 18 active offshore drilling rigs. The U.S. onshore rig count is on the rise. BHI Rig Count: U.S. +10 to 751 rigs U.S. Rig Count is up 10 rigs from last week to 751, with oil rigs up 6 […]
Inpex names Ichthys LNG offshore facilities Inpex-operated Ichthys LNG project held two naming ceremonies at the South Korean shipyards for the project’s two offshore facilities. Flex LNG looking to buy two Geveran MEGI LNG newbuilds Flex LNG, the shipping company controlled by billionaire John Fred
While the oil and gas industry is slowing down, the world of renewables, specifically offshore wind, is picking up. This leads to many companies diversifying their product portfolio where required. Not unlike Jumbo, who are venturing further into the offshore wind market.
Danish offshore vessel provider Maersk Supply Service posted an image on social media channels showing its first Starfish series anchor handling vessel undergoing sea trials. Maersk Supply said on Friday that the first of six Starfish newbuilds started sea trials during the week and that it would wo
Norway’s OneSubsea is working to deliver subsea technology worth more than NOK 1 billion for Woodside’s Greater Enfield project off Australia, supported by export financing from Export Credit Norway, GIEK and DNB. OneSubsea was awarded a contract by Woodside to deliver a subsea production system and
