Offshore
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Chinese acquisition of Northern Offshore completed
The sale of Northern Offshore to Chinese firm Shandong Offshore International Company is to be completed today. The completion of…
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Mexico relaxes corporate guarantee requirement for auction of offshore blocks
Mexico has cut the level of required corporate guarantee for the second phase of its Round One auction of offshore…
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Alam Maritime OSV chartered to Allianz in the UAE
UAE-based marine contractor Allianz Middle East Ship Management has timechartered a safety standby rescue vessel from Workboat International DMCCO, part of…
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Polarcus completes contract hat-trick
Dubai seismic specialist Polarcus has completed a hat-trick of contracts over the last week, announcing today that is has received…
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BP gives up on its three exploratory oil blocks offshore Uruguay
The plunge in the price of oil has led BP to withdraw from exploration in three fields offshore Uruguay. One…
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Aide to former president becomes biggest scalp in Petrobras graft probe
The Petrobras corruption scandal struck further up the pole of Brazil’s high and mighty on Monday when federal police arrested…
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Guyana denies rig removal is “caving” to Venezuela
Guyana has removed an offshore oil rig from waters controversially claimed by Venezuela but the Guyanese denied on Monday that…
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SBI Offshore acquires solar power assets
Singapore’s SBI Offshore has announced that it will acquire a 51% stake in four solar photovoltaic power plants and systems,…
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New joint venture will explore oil and gas projects in Brunei
SapuraKencana Brunei, part of Malaysia-listed SapuraKencana Petroleum, has agreed with investment holding company Euthalia Energy Solutions and RSK Petroleum to…
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Soma investigated for its Somali oil contracts
Britain’s Serious Fraud Office (SFO) has launched a criminal investigation into the British exploration firm Soma Oil and Gas, which…
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BG Group FPSO starts operations in Santos Basin
BG Group has announced first oil from the Cidade de Itaguaí FPSO vessel, the group’s sixth in the Santos Basin,…
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Polarcus wins another new contract
Dubai siesmic specialist Polarcus has won a new contract for a 3D seismic project from an undisclosed client. The new…
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Atlantic Petroleum to make changes as funds fall short
North West Europe focused E&P group Atlantic Petroleum has engaged Pareto Securities as a financial advisor with the purpose of exploring…
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Fire onboard Subsea Viking
A fire, which broke out on the ROV Subsea Viking last night while it was moored at Hatson Pier in…
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Petrobras receives back a portion of money lost to graft
Petrobras, Brazil’s scandal-laden state oil company, on Friday received back a small portion of the huge amount of money it…
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Hillersøy replaces Sørensen as Siem CEO
Idar Hillersøy will replace Terje Sørensen as CEO of Oslo-listed Siem Offshore as of August 1. Hillersøy (pictured) will also…
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Premuda sells FPSO stake to Yinson Holdings
Italy’s Premuda has announced that its indirectly controlled company Four Vanguard Serviços E Navegaçao LDA has entered into a jv with Yinson…
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ConocoPhillips says more job cuts to come
Just two weeks after announcing huge cutbacks to its deepwater drilling operations in the Gulf of Mexico, ConocoPhillips said on…
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Greenpeace bridge danglers earn a victory as Shell icebreaker turns back to dock in Portland
Greenpeace’s inventive bridge-dangling action gained a temporary victory on Thursday morning when the protest seemed to force Shell-hired icebreaker Fennica…
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DryShips settles loan with debt-for-equity swap with Ocean Rig
DryShips has agreed a debt-for-equity swap with its fellow Economou-led company Ocean Rig that will fully pay off a $120m…
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