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Norway Appeals Court Clears Transocean in Tax-evasion Case
Offshore rig firm Transocean was cleared of accusations of tax evasion in a civilian case brought by the Norwegian state, a Norwegian appeals court said in a verdict on Monday. By reversing the verdict made by a lower court, Transocean avoided…
Petrobras gets over US$20bn of orders for new bond
Brazilian state-owned oil company Petrobras has received orders of more than US$20bn for a two-part bond to refinance debt, three sources close to matter told IFR on Monday. The company set price guidance at 6.25% area on a new five-year bond and 7.5% area on a new 10-year…
Tullow CFO Takes Leave of Absence
Tullow Oil plc Chief Financial Officer Ian Springett will take an extended leave of absence from the company in order to undergo treatment for a medical condition. Les Wood, Vice President Finance and Commercial, has been appointed Interim CFO.
Morandi to Head GustoMSC’s Houston Office
Dr. Alberto Morandi has been appointed to the position of General Manager of GustoMSC’s office in Houston. He will be responsible for running the office and will act as point of contact for GustoMSC’s U.S. clients. GustoMSC is a design and engineering firm serving the offshore energy sector…
Wison Launches Floating LNG Power Plant Solutions
Wison Offshore & Marine has developed a range of solutions for floating power supply. With design philosophy of “plug-in power”, all products which are named W-FSRP series (Wison-Floating Storage Regasification and Power generation) feature integrated functions of LNG loading and storage facilities…
Shale Gas Operations: Protecting Water is Central
Natural gas can be safely produced from the Northern Territory’s deep shale rocks without affecting precious water resources, according to a respected local environmental scientist. In a video produced by APPEA, Ray Hall, Managing Director at Darwin-based EcOz Environmental Services…
US Rig Count Recovers to Near Year-ago Levels
The U.S. oil rig count ended 2016 just below year-ago levels as drillers added rigs this week as part of the biggest recovery since a global oil glut crushed the market over two years. Drillers added two oil rigs in the week to Dec. 30, bringing the total count up to 525…
Petrobras Says Missed 2015-2016 Asset Sale Target
Brazil's state-run oil company Petroleo Brasileiro SA said it will miss its target for asset divestment in 2015-2016 despite two sales announced on Wednesday that will raise $587 million. Petrobras, as the company is known, said that total asset…
Brazil O&G Output Reaches 3.307 Mln BPD in November
Oil and natural gas production in Brazil reached 3.307 million barrels of oil equivalent per day in November, according to a report released by the government's petroleum industry regulator ANP on Friday. Oil production fell 0.6 percent from October to 2.609 barrels per day…
EXMAR, VOPAK Ink FSRU Business Deal
Following the announcement on 2 September 2016 that EXMAR and Vopak had started exploratory discussions on floating LNG storage and regasification, an important milestone has been reached being the signing of an agreement on the acquisition…
Arpoador Shipyard and Pre-salt FSVs
Logistics hubs and Fast Supply Vessels will be key assets in the complex offshore transport solution Petrobras has devised for moving workers and goods, to and from Brazil’s remote pre-salt plays. Here is a look at a modern local shipyards building the heavy-duty aluminum vessels…
US Drillers Add Oil Rigs for 8th Week in a Row -Baker Hughes
U.S. energy companies added oil rigs for an eighth week in a row, extending a seven-month drilling recovery as crude prices remained near a 17-month high. Drillers added 13 oil rigs in the week to Dec. 23, bringing the total count up to 523…
BOEM Oil and Gas Lease Sale: 48m Acres
The Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced the bureau will offer more than 48 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development, in a lease sale that…
Petrobras Starts production in Santos Basin
Yesterday Petrobras and its partners in the BM-S-9 consortium started producing oil and natural gas on the FPSO Cidade de Caraguatatuba in the Santos Basin’s pre-salt Lapa field. The Cidade de Caraguatatuba is the third unit to come onstream in the pre-salt this year…
Schlumberger Signs Two Transocean Service Agreements
Riser management and subsea blowout preventer service agreements aim to reduce offshore nonproductive time and total cost of ownership Cameron, a Schlumberger company, signed two 10-year pressure control equipment management service contracts…
What’s New in Floating Production? December 2016
WER December Floating Production Report The December WER report examines whether OPEC’s decision to limit crude production will accelerate deepwater project starts over the next 12 to 24 months, given 3 billion barrels of oil stocks in global inventory…
Brunvoll Acquires Scana Propulsion
Brunvoll, a family-owned company headquartered in Molde, Norway, a company that designs, manufactures and services complete thruster sstems for maneuvering, positioning and propulsion of advanced vessels, this week signed an agreement with Incus…
Noonan Named CMA's 2017 'Commodore'
This morning CMA announced that Mr. John D. “Jack” Noonan, CEO of Chembulk Tankers, has been named as the CMA Commodore for the year 2017. Noonan joins a presigious list of previous award winners, including Ole Skaarup, Jacob Stolt-Nielsen, George Livanos…
ExxonMobil Awards FPSO Contract to SBM Offshore
ExxonMobil subsidiary Esso Exploration and Production Guyana Limited has awarded contracts to SBM Offshore for a Floating Production, Storage and Offloading vessel (FPSO) for the Liza development and production in Guyana. Under the FPSO contracts…
Petrobras Signs $5 bln Chinese Financing and Oil Supply Deal
Petróleo Brasileiro SA (Petrobras) has signed definitive terms for a $5 billion, 10-year financing agreement with China Development Bank Corp and an oil supply accord with Chinese companies, as the Brazilian state-controlled oil company seeks…
US Drillers Add Oil Rigs for 7th Week in a Row
U.S. energy companies this week added oil rigs for a seventh week in a row, extending a seven-month drilling recovery as crude prices held near a 17-month high. Drillers added 12 oil rigs in the week to Dec. 16, bringing the total count to 510…