Offshore
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Brookfield takes over Teekay Offshore Partners
Canadian asset manager Brookfield Business Partners is spending around $750m to take a majority 60% stake in Teekay Offshore Partners,…
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Emas Offshore subsidiary to be liquidated
Offshore vessel operator Emas Offshore, one of the only companies in the Ezra Holdings group that hasn’t filed for bankruptcy…
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Hess Corp follows Anadarko’s footsteps with cut to 2017 capex
New York-based independent oil and gas producer Hess Corporation on Wednesday announced it will cut back its 2017 capital expenditure…
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Exxon subsidiary makes another big find at well offshore Guyana
US oil supermajor Exxon Mobil said on Tuesday that one of its subsidiaries has made another big discovery offshore the…
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Canada’s Supreme Court overturns approval for seismic testing off Nunavut
The Supreme Court of Canada on Wednesday overturned approval for seismic testing in Baffin Bay and Davis Strait, stopping for…
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Atlantic Offshore scraps OSV pair
Atlantic Offshore has sold 1976-built multi-role offshore support vessel Ocean Sprite and 1982-built rescue and recovery vessel Ocean Swan for…
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Seadrill gets extra breathing time, braces investors and yards to take a hit
John Fredriksen’s Seadrill has won some much needed extra breathing space to get its restructuring plan in place. The rig…
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Repsol forced to halt work offshore Vietnam under pressure from China
Vietnam has ordered Spanish energy company Repsol to stop work at a contentious site in the South China Sea, following…
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Transocean secures multiple contracts and extensions
Offshore driller Transocean has recently secured a series of new contracts and extensions according to the company’s latest fleet status…
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Enterprise Offshore secures jackup contract from W&T Offshore
Australian oil and gas company Otto Energy has announced that W&T Offshore, the operator of South Timbalier 224 (ST 224)…
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Anadarko cuts capex for 2017 by $300m
Woodlands, Texas-based oil and gas E&P firm Anadarko Petroleum, said on Monday it is planning to cut its capital expenditure…
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Pemex reopens bond placements to cover financing needs until 2019
Mexico’s state oil firm Pemex says it has ensured its financial liquidity for at least another 18 months with the…
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Mermaid Maritime wins two new subsea contracts
Thailand’s Mermaid Maritime has been awarded two subsea contracts worth around $4.6m. In Indonesia, the company has been awarded a…
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Songa Offshore wins arbitration with DSME
Songa Offshore has announced that an arbitration tribunal in London has ruled in its favour in an ongoing dispute with…
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Brazil considers relaxing local content requirements for September oil rights auction
Brazil’s energy industry regulator is considering relaxing its strict local-content rules for companies bidding in the September auction of oil…
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Schlumberger closes in on majority stake in Eurasia Drilling Company
Houston-based multinational oilfield services provider Schlumberger has reached a deal to take a controlling 51% stake in Russian firm Eurasia…
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Head of USCG warns that US not ready to tackle an oil spill in Arctic
The head of the US Coast Guard (USCG) has warned that the US is not ready to tackle the environmental…
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Subsea 7 secures $250m extensions from Petrobras
Subsea 7 has been awarded contract extensions by Petrobras for three pipelay support vessels currently on long-term contracts offshore Brazil.…
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Ensco wins a series of new contracts
Offshore driller Ensco has secured a series of new rig contracts according to the company’s latest rig status report. Four…
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Nam Cheong halts debt repayments, appoints PwC as restructuring advisor
Malaysian offshore shipbuilder Nam Cheong has moved forward in its efforts to restructure its struggling business which is mired in debts…
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