Author hkrichiedistribution
CGG announced a program to deliver the largest OBN multi-client survey ever conducted in the UK Central North Sea (CNS). Planned to start in early 2020, the survey has already received significant industry interest and is being prefunded in part by BP. First results are targeted for Q1 2021. In the CNS, where complex salt
The National Oil Company of Senegal, PETROSEN, has announced the launch of the country’s first offshore licensing round, to be launched at the MSGBC Basin Summit & Exhibition in Senegal in January 2020. The round will be open for six months – until the end of July 2020 – and will comprise 10 offshore exploration
Bourbon Marine & Logistics has been awarded by Total E&P Namibia an integrated logistics contract to support a deep offshore exploration campaign in South Namibia in 2020. The project scope covers provision of Logistics base, freight forwarding, custom clearance, material storage & warehousing, handling and lifting, marine port visits support along with tank cleanings and
Saipem is considering a combination with rival Subsea 7 to create a larger European oil services provider, people with knowledge of the matter said. The Italian company is pursuing a potential deal with Norway-listed Subsea 7 as it seeks to bulk up and weather an industry downturn, according to the people, who asked not to
Global drilling and engineering contractor KCA Deutag announced that its land drilling operation has won new contracts worth approximately $460m in the Middle East, Africa and Europe. Following the announcement made in March that a Middle East client had reserved three rigs for an option period, the company confirms that these have subsequently been contracted
Saudi Arabia put a valuation on state-owned oil giant Aramco of between $1.6 trillion and $1.71 trillion, well below the $2 trillion target sought by Crown Prince Mohammed bin Salman since he first mooted an initial public offering in 2016. Aramco will sell just 1.5% of its shares on the the local stock exchange, the
ADNOC Drilling announced a major rig fleet expansion program to support ADNOC’s upstream growth plans and enable the delivery of its 2030 Smart Growth Strategy. In the first phase of the wider expansion program, ADNOC acquired, in November 2019, four technologically advanced and UAE-built land rigs with a total value of over AED 350 million
Billionaires are circling the distressed U.S. oil and gas patch, looking to pick up assets on the cheap at a time when the state of the industry is scaring off other investors. Sam Zell has teamed up with Tom Barrack Jr. to buy oil assets in California, Colorado and Texas at fire-sale prices from companies
OPEC signaled that oil markets remain on course for a surplus in early 2020, even as delegates said the organization and its allies probably won’t step up efforts to remove the excess when they meet next month. Global supplies will exceed demand by about 645,000 bpd in the first half of next year if the
Equinor has chosen suppliers for inspection services on all offshore installations on the Norwegian continental shelf and onshore plants in Norway. The frame agreements are scheduled to be signed shortly.The agreements will be awarded to Aker Solutions AS, Axess AS, Oceaneering Asset Integrity AS and IKM Operations AS, taking effect from 1 January 2020. The