Oil and gas have not only fueled economies but created rivalries, territorial disputes and wars. In the last one hundred years or so, since petroleum resources have been commercially extracted it is central to numerous armed conflicts. Some notable examples, are seen in Europe, Middle East, Africa and now extending into the Southern Caribbean:1. World War II (1939-1945) German Expansion: One of Hitler’s strategic goals was to access oil in the Caucasus (Baku…
Aker Solutions has signed a five-year enabling contract with ExxonMobil Canada Properties, a partnership, as operator of the Hebron platform. The contract is an extension for brownfield maintenance and modification (M&M) services on the Hebron platform…
Ocean services provider DeepOcean and Saudi Arabia-based Jana Marine Services have signed a heads of terms agreement to establish a joint venture company that will offer integrated subsea solutions to the offshore energy industry in the Middle East…
Chevron is nearing a final investment decision for a capacity expansion of the Leviathan gas field off Israel's Mediterranean coast, but is still waiting for an Israeli permit to export the gas to Egypt as part of a $35 billion deal, it said on Wednesday…
The Middle East continues to stand out as one of the most active regions for offshore support vessel activity, underpinned by the strategic expansion plans of national oil companies (NOCs) to boost offshore oil and gas production. A series of…
Chevron is looking to expand its acreage in West Africa, which is a strategic region for the U.S. oil major, a senior executive said on Monday after striking a deal to explore for oil in two offshore blocks in Guinea-Bissau.The blocks are in the Mauritania…
THREE60 Energy, a leader in the global energy services sector, has announced a step in its Middle East growth strategy with the acquisition of Total Vision (TV), a multidisciplinary engineering and project management services provider in Abu Dhabi…
LLOG Exploration Offshore is exploring a potential sale, which may value one of the largest privately held oil and gas producers in the U.S. Gulf at more than $3 billion including debt, people familiar with the matter said.The Covington, Louisiana…
OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has secured two sizeable engineering, procurement, and construction (EPC) contracts by PTT Exploration and Production Public Company Limited (PTTEP) for two deepwater projects offshore Malaysia…
Brazil's Petrobras has authorized studies for a logistics center in the Amazonian state of Amapa, where the state-run oil firm started exploring in a promising offshore block last week, state Governor Clecio Luis told Reuters.The company's logistics subsidiary Transpetro will do the studies…
Unique Group, a subsea technology and engineering services firm, has been awarded a multi-million-dollar contract by CCC Underwater Engineering to deliver its Launch and Recovery Systems (LARS).As part of the agreement, Unique Group will deliver…
Ocean services provider DeepOcean has secured a contract to support the decommissioning of subsea infrastructure at oil and gas fields in Western Australia.DeepOcean’s scope of work includes suspension of subsea trees, removal of flowlines, riser and dynamic umbilical…
Offshore engineering and subsea services firm Acteon and Wynnergy Marine, a Taiwan-based marine solutions provider, have signed a strategic memorandum of understanding (MoU) to jointly deliver renewable energy projects across the region.The…
U-Ming Marine Offshore (UMO) and Purus have teamed up to form UPO Holdings (UPO), a joint venture aimed at expanding offshore wind operations in Taiwan and the region.UPO is commissioning two state-of-the-art VARD 419 Commissioning Service Operation Vessels (CSOVs)…
BP has awarded Oceaneering International and SLB multi-million dollar contracts to support a multi-well subsea intervention campaign at the Azeri-Chirag-Deepwater Gunashli (ACG) oil field in the Caspian Sea, marking the first use of riserless…
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