Leonid Mikhelson, chief executive and co-owner of Novatek has become Russia’s richest person, according to Forbes. The latest rating from the U.S. magazine reveals that Mikhelson is on the 60th place on the Forbes World’s Billionaires List with an estimated net worth of about $14.4 billion. Mikhelso
Petroceltic International, an Irish oil and gas exploration and production company, still has not made a decision regarding an all cash offer made by Worldview in exchange for the entire share capital of Petroceltic, but urged its shareholders to take no action. Petroceltic said on Thursday that the
Fluor, a Texas-based engineering and construction company, has completed the acquisition of the Dutch company Stork Holding B.V. To remind, Fluor announced in early December 2015 that the company had agreed to purchase 100 percent of Stork’s shares from UK-based private equity firm Arle Capital Part
Origin Energy, the owner of a 37.5 percent stake in the Australia Pacific LNG said on Thursday the project has transitioned to the operating phase.
The construction of a new terminal at the outer area of the Swedish-based Port of Gothenburg is set to commence in 2017 in order to meet the growing demand for additional capacity as freight volumes are anticipated to increase in Europe. The new terminal was cleared for construction beside the exist
Norwegian offshore shipowner GC Rieber Shipping has resolved a four years long dispute with Arrow Seismic Invest II over a seismic vessel claim stemming from June 2012. In June 2012, GC Rieber Shipping’s subsidiary Armada Seismic Invest II AS received a claim from Arrow Seismic Invest II Limited (no
Australian LNG operator Santos said it has completed the sale of its 35% non-operated interest in the Kipper gas field to a unit of Japan’s Mitsui. Santos has received $520 million from Mitsui E&P Australia for the stake in the gas field located in the Gippsland Basin, offshore Victoria, the company
Santos, an independent oil and gas producer in the Asia-Pacific region, has completed a sale of its interest in the Kipper gas field, offshore Australia. Santos announced in November 2015 the sale of its 35% non-operated interest in the Kipper gas field, located in the Gippsland Basin, offshore Vict
InterOil Corporation on Thursday said the second extended well test on Antelope-5 in the petroleum licence 15 in the Gulf Province of Papua New Guinea was completed.
Japan Oil, Gas and Metals National Corporation (JOGMEC) has been given more time to explore for hydrocarbons offshore Seychelles. JOGMEC has signed an extension to the joint survey agreement for the evaluation of the hydrocarbon potential offshore Seychelles with the ministry responsible for hydroca
Oil & Gas UK and East of England Energy Group (EEEGR) on March 2 signed a Memorandum of Cooperation (MoC) in order to “better serve and promote the interests of the organisations’ members and the UK oil and gas industry”. The memorandum was signed in front of delegates from the industry and supply c
The United Nations Security Council today unanimously adopted the US-led resolution that imposes new sanctions and tightens some of its existing measures against the Democratic People’s Republic of Korea (DPRK). The strengthened measures come in response to the country’s ongoing nuclear and ballisti
GeoSea has awarded a contract to Granada Material Handling Ltd for the design, manufacturing, delivery and commissioning of 56 davit crane units for the Galloper offshore wind farm. Each of Granada’s Python crane units has been specifically designed for the Galloper offshore wind farm and the challe
Oil and gas giant ExxonMobil said Wednesday it will reduce capital spending by 25 percent in 2016. The Irving, Texas company plans to spend $23 billion this year. ExxonMobil in February posted a 58 percent drop in quarterly profit, and a 50 percent decline in 2015 earnings due to plunging oil and ga
