Japan’s Jera, the Tepco-Chubu JV entered talks with Kogas of South Korea and China’s CNOOC to form a large LNG buyers alliance.
World’s second largest provider of oilfield services, Halliburton, is reportedly reducing its workforce by another 5,000 pressured by the prolonged low oil price environment. According to AFP, a global news agency, Halliburton will cut 5,000 jobs to cope with the oil price slump. The news agency quo
Norfolk Marine, a Specialist Marine Contractor operating vessels, dive teams and Inspection class ROVs, and high resolution hydrographic and geophysical survey company Geomara, have signed a cooperation agreement. The companies said they will work together to provide an extensive range of interrelat
After the initial cargo from Cheniere’s Sabine Pass LNG export facility was shipped to Brazil on Wednesday, Houston-based company eyes up to 10 more cargoes in the next few months.
Paris-based LNG engineer Technip posted a fourth quarter 2015 net income of €102 million, 27.3 percent up on the €80.1 million in the same quarter 2014.
Italian major Eni reported a loss in the fourth quarter of 8.46 billion euros ($9.36 billion) after it booked sizeable impairments due to low oil and gas prices. Eni posted an 8.8 billion euros net loss for the whole year of 2015. On a standalone basis, Eni said its adjusted net loss in the fourth q
A former BP supervisor on board the Deepwater Horizon drilling rig was reportedly found not guilty by a jury in New Orleans of a pollution charge arising from the 2010 Gulf of Mexico well blowout that killed eleven men. At the time of the incident, on April 20, 2010, Robert M. Kaluza was one of the
The LNG engineer Chicago Bridge & Iron posted a net loss of US$504.4 million for the year 2015 and $65.7 million for the third quarter of the same year.
Seismic explorer SeaBird Exploration has managed to tighten its loss during the fourth quarter of 2015. The marine acquisition company posted a loss $6.5 million in the fourth quarter of 2015, when compared to $71.2 million loss in 4Q 2014. When it comes to revenues for the fourth quarter of 2015, S
MX Oil, an oil and gas investing company, has now agreed terms for the sale of its investment in the Aje field offshore Nigeria to GEC Petroleum Development Company Limited (GPDC). GPDC is a Nigerian company actively exploring and developing oil and gas resources in the Niger Delta and Anambra basin
Statoil of Norway on Thursday made a minor gas find about 5.5 kilometers west of the Oseberg South field in the North Sea, some 140 kilometers west of Bergen.
Novacavi has been engaged in a pilot project for ENI (Ente Nazionale Idrocarburi – National Oil Board) platforms subsidence monitoring in Adriatic Sea. Novacavi will provide a specially designed custom pressure resistant cable for a new submarine hydraulic digital profile meter to be laid on the sea
What Israeli energy minister would not reveal during the IHS CERAWeek on Wednesday, Delek Group revealed on Thursday. Namely, Minister Yuval Steinitz on Wednesday revealed that Noble Energy had submitted a plan for development of the Leviathan, the giant gas field offshore Israel. Asked by Offshore
Jose Antonio Gonzales Anaya, newly elected CEO of Pemex, and a former minister of finance, has been given what has been described a monumental task to cut the huge debt the Mexican national oil company has accumulated, and lead Pemex to a growth path, in these difficult times of low oil prices. Only
