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The merger of offshore drillers Ensco and Rowan will result in the world’s largest jackup contractor with a combined enterprise value of $12 billion.
As the oil price continues to climb from recent lows, there is a higher demand for funding. However, some smaller players face a challenging funding landscape, according to financial experts speaking at ONS2018.
With the acquisition of Paradigm, which was completed in late 2017, Emerson believes it can meet the market’s growing demand for an independent, global provider of E&P software solutions.
Norwegian subsea technology firms are pushing ahead with technologies to enable a new wave of seafloor field development.
Subsea 7 CEO Jean Cahuzac expects the subsea market will see more awards coming its way in first-half 2018 for subsea umbilicals, risers and flowlines as well as conventional projects.
Shell Exploration and Production Mauritania B.V. on July 23 signed two production sharing contracts with the government of Mauritania for the exploration and potential future production of hydrocarbons in the offshore blocks C-10 and C-19.
Britain’s biggest labor union is balloting rig workers at three of Total’s (NYSE: TOT) North Sea oil platforms over a potential strike due to the company’s refusal to reduce the number of unpaid working days, the union said on June 20.
Shareholders in Israel’s Delek Drilling will vote next month on whether to approve a $200 million investment that will allow the company to export gas to Egypt via a subsea pipeline.
Subsea 7 SA has been awarded a contract by Shell (NYSE: RDS.A) for the Penguins Redevelopment Project, located approximately 150 miles north-east of the Shetland Islands, the company said on June 11.
The company also said in May 18 it was making good progress in 2018, delivering its strategy of focusing on its core, delivering organic growth and reducing capital intensity.
Technologies must be domain specific with end-to-end workflows so they can be put to use, according to Binu Mathew, senior vice president and global head of digital products for Baker Hughes, a GE company.
The development of intelligent energy solutions is moving at an ever-increasing rate.
Contract management software aims to improve operations and communication.
GCDT fits fully into Prysmian’s expansion strategy in subsea umbilicals, risers and flowlines and complements its product range. The portfolio of protectors will be enhanced, the company added.
Advances in subsea processing systems are moving the technology toward the point where a ‘subsea factory’ on the seabed by 2020 is nearing reality.
Oilfield equipment maker Schoeller-Bleckmann (SBO) announced a surge in second-quarter earnings on Aug. 23, putting it on course to return to a full-year net profit.
Pipeline operator says there is no timeline yet for repair of the Forties system, now under force majeure.
Transocean Ltd. plans to retire six of its cold-stacked rigs in an environmentally responsible manner.
Subsea 7 S.A. has signed a letter of intent with Royal IHC in the Netherlands for the construction of a new reel-lay vessel and associated pipe lay equipment.
The deal, which would be mostly paid for in shares and convertible bonds, would strengthen Transocean's position in offshore drilling as Songa is Statoil's largest drilling service provider.
IPC will acquire BlackPearl for roughly C$622.5 million and combine its assets with IPC’s existing assets in Canada as well as in France, Malaysia and the Netherlands.
According to a letter obtained by Reuters, Chevron has agreed to transfer its 20% stake in an exploration license in the Arctic, called PL859, to Norway's DNO ASA.
Aker BP’s oil and gas production fell 4.6% in third-quarter 2018 to 150,600 barrels of oil equivalent per day (boe/d) due to maintenance at two of its fields, the company said Oct. 5.
Equinor is interested in buying Chevron's stake in Rosebank, an oil and gas field in the British part of the North Sea, two sources told Reuters.
The new oil and gas company called Wintershall DEA will be headquartered in Kassel and Hamburg and will seek to list itself through an IPO, BASF said.
Oil Minister Terje Soeviknes of the rightwing Progress Party was replaced by fellow party member Kjell-Boerge Freiberg, a former mayor of a town in the Arctic Lofoten archipelago.
Thierry Hochoa has been named CFO of Bourbon Corp. effective Aug.6.
The strike by 45 workers at the Alwyn, Elgin and Dunbar platforms in the North Sea began at 11:00 GMT. It followed a 24-hour stoppage at the same sites July 23 but stored crude cushioned against any immediate oil supply disruption.
The strike began on July 10 after the Safe union and the Norwegian Shipowners’ Association could not come to an agreement over wages and pension conditions. The industrial action led to the shutdown of one Shell-operated field.
Evy Glørstad-Clark has been appointed senior vice president, exploration at Aker BP, effective Aug. 1, and will be part of the executive management team.
Britain has asked its climate change experts to advise on whether it should set a date to meet a net zero emissions target, the government said on Oct. 15.
Global energy bosses assembled in Moscow on Oct. 3 said the world needed Russian gas to keep the lights on, in a clear message to U.S. President Donald Trump who has warned he may impose sanctions on Russian gas export projects.
White House national security adviser John Bolton on Sept. 25 dismissed an EU plan for a special payments plan to circumvent U.S. sanctions against Iranian oil sales and pressed the SWIFT global payments messaging system to rethink dealing with Tehran.
A proliferation of extreme weather events around the world provides ample evidence that climate change is a reality, German Chancellor Angela Merkel said on Aug. 26, but she rejected calls for more ambitious climate protection goals.
The British government said it had granted approval for hydraulic fracturing to take place at Cuadrilla's Preston New Road site in northwest England.