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Changes in Statoil's Top Deck

Apr 27, 2018

Statoil said on Friday it had expanded its leadership team and changed its corporate structure to reflect the company's increased focus on Brazil.Statoil's Brazilian operations will become a separate business unit headed by Margareth Oevrum…

First Johan Sverdrup Topside Installed

Apr 26, 2018

With the last module of the Johan Sverdrup riser platform lifted into place, the first of four topsides of the next North Sea giant has been installed.“It’s a special feeling to see the first Johan Sverdrup platform in place, even a few days…

Sembcorp Marine Outlook Subdued on Q1 Profit Slump

Apr 25, 2018

Singaporean rig builder Sembcorp Marine Ltd said on Wednesday first-quarter profit fell 86 percent, and signaled a subdued outlook for orders and business volumes.Sembcorp Marine said profit came in at S$5.3 million ($4 million) for the three-month period ended March…

Ampelmann Opens Hamburg Office

Apr 25, 2018

Ampelmann has opened its first office in Germany, in response to growing business in the offshore wind sector. The new base, located in Hamburg, will be led by Tim Börner, who has been appointed as Business Development Manager Offshore Wind Germany for Ampelmann…

BP, Reliance Move Ahead in Deep Water

Apr 19, 2018

BP and Reliance Industries Limited (RIL) today announced the sanctioning of the ‘Satellite cluster’ project in Block KG D6. The companies are moving forward to develop the Block’s discovered deep-water gas fields in an integrated series of projects…

Eni has no plans to pull out of Rosneft deal after sanctions

Apr 18, 2018

Italian oil major Eni has no plans to pull out of its joint venture with Russia's Rosneft despite escalating sanctions against Russia, the head of Eni said on Wednesday.'We certainly have not pulled out, we're working with them,' CEO Claudio Descalzi said on the sidelines of a conference…

Thompson takes over from Founder Heavey, Tullow Oil

Apr 17, 2018

Tullow Oil plc (Tullow) announced the appointment of Dorothy Thompson as independent non-executive Director and Chair-designate of Tullow with effect from the conclusion of the Group’s Annual General Meeting (AGM) on 25 April 2018. It is anticipated Thompson will succeed Aidan Heavey…

ExxonMobil Resumes Production in Papua New Guinea

Apr 13, 2018

ExxonMobil said that production of liquefied natural gas (LNG) has safely resumed at the PNG LNG project in Papua New Guinea following a temporary shutdown of operations after a severe earthquake occurred in the region on Feb. 26. LNG exports are expected to resume soon…

Maersk Establishes Decomissioning Company

Apr 12, 2018

A 50/50 joint venture (JV) between Maersk Drilling and Maersk Supply Service will provide decommissioning services to oil and gas operators. After decades of production, an increasing amount of offshore oil and gas fields are approaching the end of their economic life…

Gazprom CEO Proud of Inclusion on US Sanctions List

Apr 06, 2018

The CEO of Russia's Gazprom, Alexei Miller, said on Friday he was proud of having been included on a new U.S. sanctions list and that the company's policies were right.'Not being included in the first list I even had some doubts - maybe something is wrong (with me)…

Russia's Transneft Launches "Yug" Oil Products Pipeline

Apr 05, 2018

Russian oil pipeline monopoly Transneft said on Thursday it had started pumping commercial volumes of oil products through its new 'Yug' pipeline.The pipeline transports oil products from the Volgograd refinery on the Volga river to the Black Sea port of Novorossiisk…

Russneft: No Plans to Merge with Neftisa

Apr 05, 2018

Russian oil producer Russneft said on Thursday that it had no plans to merge with Neftisa, but said the idea had been discussed many times.Russneft was responding after sources told Reuters that Russia's top state lender Sberbank opposed a…

Lindseth quits Noreco

Mar 22, 2018

The independent Norwegian oil company, Noreco stated that its Board and Cecilie O. Lindseth, the Managing Director, have agreed not to renew her employment contract. According to the contract her last day as Managing Director of Norwegian Energy Company ASA will be 31 March 2018…

Seadrill, Creditors Reach Joint Restructuring Deal

Feb 26, 2018

Shipping tycoon John Fredriksen has reached an agreement with a majority of creditors over a restructuring plan for oil rig firm Seadrill, according to U.S. court documents on Monday. The company, once the world's largest offshore driller by market value…

Patterson-UTI Energy Reports Bigger Loss than Expected

Feb 08, 2018

Oil and gas driller Patterson-UTI Energy Inc, dealing with the fallout of a drilling accident that killed five workers last month, reported a bigger-than-expected quarterly loss on Thursday as expenses more than doubled.The accident at an…

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