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,... 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... 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... 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... 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 bloc... 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: Subse... 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 201... Read more
Singapore’s offshore drilling rig and vessel construction company Keppel O&M has returned to profit in the first half of 2019. The order book is at 2016 high, with a large chunk of new orders coming from renewables and LNG sectors. Keppel ha... Read more
Energy powerhouse Equinor has formed a consortium with the Korea National Oil Corporation and Korea East-West Power to develop a floating offshore wind project. In an announcement Thursday, Equinor said the consortium would undertake a feasibili... Read more
U.S. shareholders with small interests in private equity and venture capital firms could be safe from a tax on a new category of foreign income under proposed IRS rules, which might spur cross-border investment. The Internal Revenue Service offe... Read more
