U.S. oil major Chevron has, through one of its subsidiaries, launched a $300 million-worth Future Energy Fund II focused on technologies that would enable cleaner energy for all.
ADNOC Logistics & Services, the shipping and maritime logistics arm of ADNOC, is expanding its fleet with the acquisition of six VLCCs.
Houston-based oil and gas company Vaalco Energy has closed the acquisition of Sasol’s 27.8 per cent working interest in the Etame Marin block offshore Gabon.
Borr Drilling has won a new contract and signed four letters of intent and one letter of award for its fleet of jack-up drilling rigs.
Seven oil and gas companies have applied for production licences in the 25th licensing round offshore Norway, focusing on the Barents Sea.
ConocoPhillips has announced the retirement of Matt Fox as executive vice president and chief operating officer after a 35-year career with the company.
Baker Hughes, AXA Group, and 16 other companies have reportedly abandoned work on the Nord Stream 2 pipeline project and will not be sanctioned by the U.S.
Specialist drilling waste management company, TWMA, has secured a seven-figure contract with an exploration and production company, Spirit Energy.
EnQuest is farming down its interest in the Eagle discovery in the UK North Sea to Anasuria Hibiscus for a nominal consideration of $1.
Brazilian national oil company Petrobras has contracted AqualisBraemar with DP acceptance and annual trials for its shuttle tanker fleet operating in Brazil.
Petrobras has signed a letter of intent with SBM Offshore for the chartering of the FPSO Almirante Tamandaré to be installed in the Búzios field off Brazil.
The Nexstep partnership, consisting of six oil and gas operators in The Netherlands, is working on a large campaign to decommission oil and gas wells within a single campaign.
Offshore drilling contractor Transocean has secured more work for a drillship in the Gulf of Mexico and for a semi-submersible in Myanmar.
While the oil price collapse is still fresh in our minds, rumours are starting to emerge that by the end of next year prices could once again top $100 a barrel.
