Offshore
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Mexico again adjusts its auction requirements for offshore oil rights
Mexico has again adjusted the requirements for bidders in its next auction of offshore oil and gas drilling rights, it…
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Deal in the offing for companies caught up in Petrobras affair
Companies implicated in the Petrobras scandal that has roiled Brazil for a year could soon be able again to do…
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200 face chop as Maersk Oil slashes UK operations
Maersk Oil is looking to cut up to 200 jobs in the UK plus ditch one of its North Sea…
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Oslo-listed shipping stocks see an upturn as Brent crude price picks up
Shipping companies listed on the Oslo Børs today received a glimmer of hope as the price of Brent crude ticks…
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Solstad Offshore culls another 300 jobs
Norway’s Solstad Offshore made another 300 workers redundant on Friday in a bid to help the company survive the weak…
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Fletcher Shipping revived by PE fund after collapse
Scotland’s Fletcher Shipping has been brought back from the brink by a private investment fund, after it was forced into…
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ANP names first 12 companies approved for Brazil’s oil and gas site auction
Brazil’s National Petroleum Agency (ANP), the industry regulator in the country, has named the first 12 companies approved to take…
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Brazilian conglomerate agrees to pay $202m compensation for role in Petrobras scandal
Brazilian international conglomerate Camargo Correa is poised to make a multimillion dollar payment to buy its way out of future…
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Oslo approves Johan Sverdrup development plans
Det norske oljeselskap and the partners in the Johan Sverdrup development signed on February 12 the plan for development and…
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DOF PSV catches fire off Brazil
Platform supply vessel Skandi Stolmen, operated by Norskan Offshore, a wholly owned subsidiary of Norway’s DOF, caught fire off the…
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COOEC to set up joint venture with Fluor
China Offshore Oil Engineering Co (COOEC), the engineering arm of state-run energy giant CNOOC, has announced that it plans to…
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Eidesvik sells seismic survey vessel
Oslo-listed Eidesvik Shipping, part of of Eidesvik Offshore, has signed a memorandum of agreement with an unnamed buyer for the…
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Rolls-Royce Marine lays off more Norwegian staff
Rolls-Royce Marine is shutting down its plant at HjørungavÃ¥g in Norway, which employs around 200 people. The factory produces equipment…
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Ultra Deep Group heads to China Merchants Heavy Industry for new dive support vessel
Ultra Deep Group (UDS) has announced that it has signed a contract with China Merchants Heavy Industry to build one…
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Interest cool at auction for US Gulf of Mexico drilling rights offshore Texas
Bidding for offshore oil and gas drilling rights in the US Gulf of Mexico on Wednesday received only tepid interest…
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PYPSA wins $12m Pemex deal
Spanish engineering firm Grupo Profesional Planeacion y Proyectos, has signed a $12 million-plus deal with Mexico’s state oil firm Pemex…
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Oil company orders Barents Sea survey data
An unnamed oil company agreed to licence 3D electromagnetic data on the Barents Sea from Oslo-listed Electromagnetic Geoservices’ multi-client data…
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Hibiscus Petroleum buys stake in North Sea drilling licence
Lime Petroleum Norway, part of Malaysia-listed Hibiscus Petroleum, has agreed with Lundin Norway to acquire a 30% stake in the…
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Hercules’ Chapter 11 bankruptcy could be tip of the iceberg, says Fitch report
A report by Fitch Ratings agency has forecast more bankruptcies among offshore oil drilling companies, to follow the example of…
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Vantage cancels order with DSME for Cobalt Explorer drillship
Vantage Drilling has cancelled its order with Daewoo Shipbuilding Marine Engineering (DSME) for the Cobalt Explorer, the ultra-deepwater drillship it…
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