Paris-based Maurel & Prom announced that it has acquired Shell Exploration and Production Investments' 40% interest as Shareholder B in Petroregional del Lago Mixed Company, which operates the Urdaneta West field in Lake Maracaibo, Venezuela…
SEACOR Marine Holdings, the provider of marine and support transportation services to offshore oil, has announced the acquisition of UP Offshore (Bahamas) by a new joint venture company that is 49% owned by a subsidiary of SEACOR Marine and…
Australian energy services group Three60 Energy has acquired Aberdeen-based North Sea Construction and Commissioning (NSCC) for an undisclosed sum. This is now the fourth company to be added to the fast-developing energy services group which now employs over 320 people…
The Scottish energy group Xodus Group has appointed Phil Cooper as a new corporate development director to support the continued growth of the company.The Aberdeen-based international energy consultancy said in a press release that Cooper has…
China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation, and Total.According to the agreements…
The oil and gas producer Neptune Energy has announced the appointment of Eko Lumadyo as Managing Director of its Indonesian business, based in Jakarta.Lumadyo will join Neptune from Mandala Energy Indonesia, where he is currently Country President and General Manager…
Russia’s maritime shipping company Sovcomflot has announced that it has entered into a new USD 264 million six-year revolving credit facility with a consortium of five leading international banks.The completion of this credit facility marks the successful finalisation of SCF’s 2018 financing plan…
Dutch energy company Eneco will be privatised via an auction next year, the company and its shareholders said on Tuesday.The decision marks the end of a heated battle between the 53 municipalities that own Eneco and the company's board.The shareholders…
Peninsular Arab country Qatar has said that it plans to invest more than $20 billion in the US energy sector over the next five years.According to a report in Reuters, minister of state for energy affairs of the energy-rich Qatar Saad Sherida Al-Kaabi…
Qatar Petroleum (QP) signed an agreement with Italy’s Eni SpA to acquire a 35% stake in three offshore oil Fields in Mexico.The agreement cover the Amoca, Mizton, and Tecoalli offshore oil fields, which lie in Area 1 in Mexico’s Campeche Bay…
UK-based Moray Offshore Windfarm (East) announced that it has reached financial close – a major milestone marking the commencement of GBP 2.6 bln of project finance investment.The consortiumwhich develops and operates offshore wind farms, known as ‘Moray East’…
Oil major Chevron announced Monday it has named Navin Mahajan vice president and treasurer, effective February 1, 2019, and Dale Walsh vice president of Corporate Affairs, effective March 1.Mahajan, who is currently vice president, Finance Downstream & Chemicals…
The oil and gas company with focus in Norway and the U.K. Faroe Petroleum has reaffirmed that Norwegian oil giant DNO ASA's GBP608mln ($761.65 million) unsolicited takeover offer for the AIM-listed firm is 'opportunistic' and 'substantially' undervalues it…
Norway's DNO is sticking to its offer to buy Faroe Petroleum for 152 pence per share, valuing the company at about 610 million pounds ($761.65 million), insisting it is an attractive offer despite its rejection by the Faroe board.The Faroe board…
Well construction specialist, DeltaTek Global, has announced the appointment of Chris Johnstone as Operations Supervisor.Johnstone will focus on managing well site operations offshore and helping to design and develop new technologies, and…
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