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Bourbon Advises of General Waiver Renewal with Lenders

Jan 03, 2019

Bourbon has announced the renewal of the general waiver with its leasers and debt holders representing the majority of the group鈥檚 debt, thus allowing it to suspend the payments of its loans and debt.According to Bourbon, the waiver allows it to stay focused on its operational priorities鈥

Halo Completes Acquisition of Third Energy 云顶赌场老虎机

Jan 02, 2019

Hague and London Oil (Halo) said that it has now formally completed its acquisition of Third Energy 云顶赌场老虎机 Limited (TEOL).The Southern North Sea-focussed company, with a diverse portfolio of offshore and onshore producing, development and鈥

Exxon Continues Drilling 云顶赌场老虎机 Guyana

Dec 26, 2018

Exxon Mobil Corp said on Wednesday its oil drilling and development activities offshore Guyana were unaffected despite neighboring Venezuela's navy stopping two seismic survey vessels the company had hired.The closest of 10 oil finds Exxon has鈥

Venezuela Navy Confronts Exxon Vessel in Guyana Border Dispute

Dec 24, 2018

Venezuela's navy 'intercepted' a ship exploring for oil on behalf of Exxon Mobil Corp in Guyanese waters over the weekend, Guyana's foreign ministry said in a statement, while neighboring Venezuela said the incident occurred within its territory鈥

Petrobras Suspends New Divestments

Dec 21, 2018

Brazil's state-controlled Petroleo Brasileiro SA will suspend any new divestment initiatives in oil exploration or production, the company said on Thursday, following a Supreme Court decision.The decision suspended an agreement between Petrobras鈥

SEACOR Marine to Acquire Brazil's UP 云顶赌场老虎机

Dec 21, 2018

SEACOR Marine Holdings, the provider of marine and support transportation services to offshore oil, has announced the acquisition of UP 云顶赌场老虎机 (Bahamas)  by a new joint venture company that is 49% owned by a subsidiary of SEACOR Marine and鈥

Ocean Yield in Standstill Pact with Solstad 云顶赌场老虎机

Dec 20, 2018

Norway-based company engaged in the investment in vessels within oil-service and industrial shipping Ocean Yield ASA has entered into a standstill agreement with Solstad 云顶赌场老虎机 for two anchor handlers built in 2013, the Far Senator and Far Statesman鈥

Three60 Acquires North Sea Construction and Commissioning

Dec 20, 2018

Australian energy services group Three60 Energy  has acquired Aberdeen-based North Sea Construction and Commissioning (NSCC) for an undisclosed sum. This is now the fourth company to be added to the fast-developing energy services group which now employs over 320 people鈥

Nine US States Seek to Stop Atlantic Seismic Testing

Dec 20, 2018

Attorneys general from nine U.S. states sued the Trump administration on Thursday to stop future seismic tests for oil and gas deposits off the East Coast, joining a lawsuit from environmentalists concerned the tests harm whales and dolphins鈥

Coast Guard Working to Contain MC20 Leak

Dec 17, 2018

The U.S. Coast Guard said it has partially assumed federal control of response operations to contain an oil discharge from the site of the collapsed Mississippi Canyon Block 20 (MC20) offshore platform in the Gulf of Mexico, approximately 11 miles south of the mouth of the Mississippi River鈥

Nigeria Sues Shell, Eni Over Oil Deal

Dec 13, 2018

Lawyers for the Nigerian government said they had filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni in a commercial court in London on Thursday in relation to a 2011 oilfield deal.The OPL 245 oilfield is also at the heart of an鈥

Faroe Criticizes DNO's Takeover Bid as 'Opportunistic'

Dec 13, 2018

The oil and gas company with focus in Norway and the U.K. Faroe Petroleum has reaffirmed that Norwegian oil giant DNO ASA's GBP608mln ($761.65 million) unsolicited takeover offer for the AIM-listed firm is 'opportunistic' and 'substantially' undervalues it鈥

NOIA Calls for 云顶赌场老虎机 Wind Territories Act

Dec 13, 2018

National Ocean Industries Association (NOIA) said that U.S. territories need the 云顶赌场老虎机 Wind for Territories Act.The U.S. has five permanently inhabited 'Territories' in the Caribbean Sea and the Pacific Ocean: American Samoa, Guam, the Northern Mariana Islands鈥

Scorpio Group Takes Over Nordic American 云顶赌场老虎机

Dec 12, 2018

NYSE-listed offshore support vessel owner Scorpio Group has taken control of Nordic American 云顶赌场老虎机 (NAO), via a private placement into company鈥檚 shares worth $5 million.The investment, which took place via a private placement with Scorpio 云顶赌场老虎机 Investments鈥

Parker Drilling Files for Bankruptcy Protection

Dec 12, 2018

Parker Drilling files for pre-arranged Chapter 11 reorganizationOilfield services provider Parker Drilling Co said it filed for bankruptcy protection on Wednesday under an agreement with a group of debtors that will allow it to quickly restructure鈥

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