AIM-listed Sirius Petroleum, the Nigeria-focused oil and gas development and production company, has decided, by mutual agreement with COSL, to abrogate its agreement with COSL for the supply of a jack-up rig for the drilling programme on the Ororo field, OML 95. Sirius has…
Saudi Arabia’s crown prince has insisted the stalled plan to sell shares in oil giant Aramco will go ahead, promising an initial public offering by 2021 and sticking to his ambitious view the state-run company is worth US$2 trillion or more. The comments show…
Offshore drilling contractors Ensco Plc and Rowan Companies Plc have agreed to a US$12 billion merger, the companies announced on the 8th October. Under the all-stock transaction agreement, Rowan shareholders will receive 2.215 Ensco shares for each Rowan share. After closing, Ensco shareholders will…
Equinor has hired Global Maritime to support its marine operations in Norway until 2020. Global Maritime said on the 8th October that the contract was one of its largest ever. According to marine operations specialist, the value of the contract with Equinor is…
Russian energy behemoth Gazprom has ordered four offshore vessels from the Zvezda Shipbuilding Complex (SSС Zvezda). The contracts for the construction of the vessels were signed in St Petersburg at the Offshore Marintec Russia 2018 conference. Under the signed agreement, SSC Zvezda will build…
Saipem has awarded Shawcor Ltd’s pipe coating division contracts to provide pipe coating services for the Liza phases I and II deep-water development projects offshore Guyana, Shawcor reported on the 5th October. According to Toronto-based Shawcor, the approximately C$110 million in contracts call for…
Equinor and its partners have issued a letter of award to NKT for an NOK1 billion-plus (US$121-million) EPCI contract for two HV subsea cables. These will supply power from shore for the second phase of the Johan Sverdrup development in the Norwegian North Sea….
Jack-up rig specialist Shelf Drilling has scored more drilling work with Eni in the Adriatic Sea offshore Italy. The Italian oil company has hired the Key Singapore jack-up rig and has extended the contract for the Key Manhattan rig. The contract for the Key…
Block Energy, the exploration and production company focused on the Republic of Georgia, has signed a Memorandum of Understanding (‘MoU’) with Bago, one of the largest private gas suppliers and purchasers in Georgia, for a proposed offtake agreement for gas produced at the company’s West…
Savannah Petroleum Plc, London, will assess the R3 section of its R3/R4 production sharing contract block in south-eastern Niger with pre-stack depth migration (PSDM) of 3D seismic data after logging its fifth oil discovery in the area Wireline logs, fluid samples, and pressure data…
