People & Companies News


Update: Four Dead as Helicopter with 9 Aboard Crashes Near ONGC Rig

Jun 28, 2022

A helicopter carrying seven passengers and two pilots ditched in the Arabian Sea near the Indian oil company ONGC's jack-up rig Sagar Kiran, in Mumbai High, offshore India. Four people died. According to initial tweets from the Coast Guard and…

Brazil's Bolsonaro May Need Months to Replace Petrobras Management

Jun 01, 2022

Brazilian President Jair Bolsonaro, seething about fuel prices as his poll standings slip ahead of October's presidential election, has intensified his calls to shake up the board and management of state-run oil company Petrobras.But it will…

Talos Energy Pauses Mexico Oil Arbitration Bid Amid High-level Talks - Reuters

May 18, 2022

U.S.-based oil producer Talos Energy has temporarily suspended pursuit of an arbitration claim against Mexico amid high-level talks over one of the country's flagship offshore projects, five people close to the matter said.The dispute erupted…

Equinor, Exxon Agree to Expand Brazil Offshore Oil Ops

May 17, 2022

Equinor and Exxon Mobil Corp have taken the first steps to expand an $8 billion oil development off Brazil's coast, the Norwegian oil producer told Reuters.The firms want to boost future production from the Bacalhau oil field, Equinor's largest…

KOTUG to Buy Seaways International

Apr 19, 2022

Dutch marine services and towage company KOTUG has agreed to buy offshore support vessel firm Seaways International, in what is the largest acquisition in KOTUG's history.KOTUG said the move, of an undisclosed value, was part of its strategy…

Exxon to Exit Russia, Leaving $4B in Assets, Sakhalin LNG Project in Doubt

Mar 02, 2022

ExxonMobil on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment as a result of Moscow's invasion of Ukraine.The decision will see Exxon pull out of managing large oil…

Norway: No Scientific Basis to Ban Unvaccinated Workers from Offshore Rigs

Feb 03, 2022

No scientific medical basis exists for refusing to allow unvaccinated personnel to travel to offshore platforms in Norway, the Petroleum Safety Authority Norway said recently, citing a conclusion from the Rogaland county governor.'Some offshore…

Report: Red Willow Offshore Offering Stakes in Six U.S. Gulf of Mexico Oilfields

Jan 31, 2022

Red Willow Offshore LLC, a closely-held U.S. oil and gas producer, is marketing its interest in six non-operated U.S. Gulf of Mexico oilfields that it has valued at over $130 million, two people familiar with the matter told Reuters on Friday…

Report: Siemens Energy Weighs Options for Siemens Gamesa Integration

Jan 28, 2022

Siemens Energy has stepped up efforts to explore a full integration of wind turbine business Siemens Gamesa, sources told Reuters, after profit warnings and share price slumps last week exposed flaws in the current ownership structure.The company…

Report: Exxon Prepares to Bid for Deepwater Oil Blocks in Brazil

Dec 17, 2021

Exxon Mobil Corp is prepared to bid on Friday for new blocks in Brazil's deepwater oil fields, a focus area for its oil and gas production growth, people familiar with the matter said.Any bid would mark its first big investment since it decided to resume spending after a historic…

OGUK Urges Offshore Workers to Get a Jab as Omicron Cases Keep Rising

Dec 15, 2021

OGUK, a UK-based association representing the country's offshore oil and gas industry, has given a 'strong recommendation' for offshore workers to get fully vaccinated against COVID as omicron cases continue to rise.The association, through its Pandemic Steering Group…

Wind Turbine Maker Vestas to Close Some Factories in Spain, Denmark, and Germany

Sep 20, 2021

Danish wind turbine maker Vestas said Monday it would cease production at its factories in Lauchhammer, Germany; Viveiro, Spain and Esbjerg, Denmark, where it employs 650 people in total.In Germany, Vestas’ factory in Lauchhammer, which scaled-down activities two years ago…

Schlumberger Withdraws from Offshore Technology Conference over Rising COVID-19 Cases

Aug 13, 2021

Top oilfield services firm Schlumberger on Thursday said it had withdrawn staff from next week's Offshore Technology Conference (OTC), which typically attracts at least 60,000 attendees to Houston, citing the area's rise in COVID-19 cases.The…

UK-based Software Firm in Recruitment Drive after $5M Deals Secured in Oil & Gas Space

Aug 12, 2021

Aberdeen-based software firm ZynQ 360 is set to hire more people on the back of several contract awards in the oil and gas space totalling more than $5 million.ZynQ 360 said Thursday that the contracts would be delivered across the USA, UK, and Western Australia…

UK: Time Factor as Offshore Wind Worker Concession Deadline Looms

Apr 20, 2021

As it continues to grow its track record of contributions to Scotland’s renewables mission, the offshore wind sector is currently making all the right headlines.Amid the positive news, however, anyone with knowledge of sustainable business success…

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