Egypt’s offshore driller ADES has <span class=”ga”>signed a US$450 million syndicated credit facility to support its recently announced plans to pursue further acquisitions. In addition to funding potential acquisitions, the loan will also be used to refinance the company’s existing debt and to fina
Swedish oil and gas company Lundin Petroleum has chartered two LNG-powered platform supply vessels from Island Offshore.
Bo Larsen, commercial director of Kosan Crisplant, a part of Makeen Energy, has joined the steering committee of GO LNG, an EU funded project to promote LNG as a fuel for the shipping industry.
Canadian Overseas Petroleum Limited (COPL) is looking to drill an appraisal well in OPL 226, offshore Nigeria, during 2018.
Mexico’s National Hydrocarbons Commission has revealed a list of the approved bidders for the next week oil and gas bidding round.
British Columbia government has put measures in place to boost the development of liquefied natural gas industry in the province.
Offshore installation specialist Subsea 7 has reportedly sold a veteran pipelaying vessel for scrap. According to VesselsValue, Subsea 7 sold the 1982-built, 2000-converted construction and flex-lay vessel Seven Condor for demolition. The pipe layer is currently sailing through the Mediterranean Sea
The Port of Corpus Christi is looking to build up its export capacity through the addition of a marine terminal.
The overturned cargo ship Britannica Hav arrived at the Le Havre harbor in the afternoon hours of March 22.
Bratzil’s national oil company Petrobras saw its oil production in Brazil slightly drop due to operational issues with three production units. The average oil production in the country was 2.08 million barrels per day (bpd), 1% lower than the volume produced in January. This result was mainly due to
As the operator of the producing Peregrino field located offshore Brazil, Statoil’s activities in the country have been bearing fruit for years now. However, the Norwegian state-owned giant is looking to further solidify its position in the Brazilian waters through new project developments.
UK oil firm Endeavour Energy has reportedly initiated the sale of its North Sea oil and gas assets. According to Reuters which cited sources close to the matter, Endeavour is hoping to get $500 million from the deal, a price target described as “ambitious.” Endeavour was created in 2004 to find and
Mubadala Petroleum and its partners Petronas and Sarawak Shell Berhad have sanctioned the development Pegaga gas field development in Block SK 320, offshore Malaysia.
The Dutch company LIQAL, has been awarded a contract to build a liquefied natural gas (LNG) refueling station for the Belgian transport company Remitrans.
