UK-based Whalsay Energy is seeking operating partners to help it develop the Bentley offshore oil field, dubbed one of the largest undeveloped fields in the North Sea. Bentley field development schematics / Image source: Whalsay Energy The Bentley field – discovered by Amoco in 1977 – is located on the East Shetland Platform in the […] Read more
Russia’s Sovcomflot will redeliver the Vyacheslav Tikhonov vessel to seismic player Polarcus in November 2019. Vyacheslav Tikhonov; Source: PolarcusPolarcus said on Tuesday that the vessel would be redelivered following completion of a wide-azimuth project in the Americas. The company added it was in discussions with a number of potential projects with customers and would explore […] Read more
German oil and gas giant Wintershall Dea is reportedly thinking about withdrawing from Libya, where it has been operating since 1958, amid challenging conditions. Source: Wintershall Dea German daily Handelsblatt reported on Tuesday that Wintershall Dea was mulling the departure from Libya. The newspaper also reported that Wintershall Dea CEO Mario Mehren and Hans-Ulrich Engel, CFO […] Read more
Israeli oil and gas company Delek has received an offer from an unnamed investor for a potential investment of up to $250 million into its North Sea focused subsidiary Ithaca Energy. An Ithaca asset in the north Sea / Image source: Ithaca Delek, which through Ithaca agreed to buy Chevron’s North Sea assets in a […] Read more
Saudi Aramco, a Saudi Arabian oil and gas giant, has said the company will return to full production capacity by the end of the month following a drone attack on the world’s largest oil processing facility last Saturday. Source: Saudi Aramco As previously reported, oil prices on Monday saw the biggest surge since 1991 following […] Read more
Norwegian oil and gas company Equinor is progressing oil spill recovery at the South Riding Point terminal in the Bahamas after the impact of Hurricane Dorian. Source: Equinor In the aftermath of Hurricane Dorian, Equinor said earlier this week it would clean up the oil spills from its South Riding Point oil terminal, spilled due to […] Read more
As previously reported, the proposed merger, if realized, would create the world’s largest offshore accommodation company, with Prosafe currently owning and operating a total of nine offshore accommodation units, and has options for delivery of two newbuilds, while Floatel’s fleet counts five units. In a statement on Thursday, the UK Competition and Markets Authority (CMA) […] Read more
Following a recent oil discovery at the Jethro well offshore Guyana, oil firm Tullow is set to spud the second well, Joe-1, within days. The Stena Forth drillship / Image source: Stena Drilling Eco Atlantic, Tullow’s partner in the Orinduik block where the Jethro-1 discovery – 180.5 feet (55 meters) of net high-quality oil pay […] Read more
Offshore services firm Subsea 7 is calling for experienced engineers from all sectors to apply for the company’s Engineering Conversion Programme and potentially earn a job in the offshore oil and gas industry. Illustration – Image source: Subsea 7 According to Subsea 7, since 2005, the company’s Engineering Conversion Programme has enabled experienced engineers from […] Read more
Italian oil and gas company Eni saw its profit drop by 66% in the second quarter 2019 when compared to the same period last year. Claudio Descalzi, Eni CEO; Source: Flickr/Eni Eni reported on Friday that its adjusted operating profit for 2Q 2019 was €2.28 billion, down by 11% q-o-q and adjusted operating profit of […] Read more
