Offshore
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Bourbon finalises debt rescheduling
France’s largest OSV operator Bourbon has finalised its debt rescheduling. Bourbon has managed to reschedule the maturities of most of…
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Anadarko discovers hydrocarbons at Warrior-2 well in US Gulf of Mexico
Anadarko Petroleum has discovered hydrocarbons at one of its wells in the US Gulf of Mexico. The Warrior-2 well is…
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21% of all jackups need to be scrapped
More than one in five jackups need to be scrapped, according to a new report by consultants Rystad Energy. “With…
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Saipem awarded $900m Zohr contract in Egypt
Offshore engineering contractor Saipem has finalised $900m worth of offshore contract variations with Petrobel for engineering, procurement, construction and installation…
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SeaBird Exploration secures seismic contract in West Africa
SeaBird Exploration has signed a letter of intent to conduct a shallow water 3D seismic survey in the West Africa…
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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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