Analysis: Schlumberger lawsuit is lesson ‘not to pay lip service’ to binding contracts
The Schlumberger lawsuit is a lesson for employees “not to pay lip service” to legal contracts, according to an employment law expert.
Oil & Gas
ADNOC goes for gas
Innovation and new approaches are dominating ADNOC’s drive for new sources of gas.
Churchill’s small company advantage
Nimbleness and responsiveness to client needs are seen as at the heart of Churchill Drilling Tool’s appeal to operators seeking downhole circulation support, the company’s manager for the Middle East and Asia Nicholas Kjaer has said.
Baker Hughes and the pace of change
Baker Hughes is shoring up its position in Abu Dhabi, opening a new wellhead repair and maintenance facility in the country last week, while talking up its various positions in the region.
European Investment Bank to end financing for oil and gas post-2021
The European Investment Bank (EIB) has announced it will end all financing for oil and gas from the end of 2021.
Oil rises as news of US-China trade deal gains traction
Oil gained after an American official hinted that the U.S. and China are close to locking down a partial trade deal, offsetting rising global oil supplies.
Savannah completes Nigerian entry with Seven Energy
It has been a long time coming, but Savannah Petroleum has completed its acquisition of Seven Energy, broadening its focus from Nigerien exploration to including Nigerian production.
Parkmead returns to profit and recruits North Sea managing director
A strong showing from its Dutch onshore gas fields, a drop in exploration work and the sale of stakes in Faroe Petroleum swung Parkmead Group back to profit in 2018-19.
Italy’s Saipem to consider combining with rival Subsea 7
Saipem SpA is considering a combination with rival Subsea 7 SA to create a larger European oil services provider, people with knowledge of the matter said.
Saipem bags clutch of deals worth £685million
Italian oilfield services firm Saipem has won a subsea contract in Guyana, as well as additional work in regions including the North Sea, worth £684.6million.
Talon Petroleum aims to grasp more North Sea licences
Australia’s Talon Petroleum has announced plans to boost its acreage in the UK North Sea.
Kishorn Port gets £1million upgrade in bid to host major North Sea projects
A Scottish dry dock which is seeking to host major North Sea decommissioning and renewables projects has received a £1million upgrade.
Iberdrola targets Asia-Pacific growth with foray into Australia
Spain’s Iberdrola SA has selected a site for its first project in the Asia-Pacific region, as Europe’s biggest renewable generator looks to expand beyond its core markets.
Ancala aims to boost North Sea business with senior management appointments
Ancala Midstream, the operator of major North Sea infrastructure like the Beryl and Sage pipeline systems, has bolstered its senior management team.
National Grid ‘confident’ issues with New York governor can be resolved
National Grid is confident it can resolve issues in the US after the governor of New York threatened to revoke its gas licence.
Icahn says Occidental won’t hit target without ‘fire sale’
Activist investor Carl Icahn said Occidental Petroleum Corp.’s new target for assets sales won’t be achieved without a “fire sale” that includes its pipeline system, Western Midstream Partners LP, which was already shopped to potential buyers earlier this year.
SSE should have Greater Laggan sale wrapped up by March
Energy giant SSE should have the sale of its Greater Laggan Area gas assets wrapped up by March 2020, according to the company’s chief executive.
EnQuest sends work party to assess stricken North Sea platform
EnQuest has announced it recently sent a work party to assess the next steps for its stricken Thistle Alpha platform in the North Sea.
‘Unfinished business’ brings North Sea oil boss back to the basin
North Sea oil and gas veteran Graham Stewart said yesterday a sense of “unfinished business” spurred his decision to launch a new, acquisition-hungry player.
Joy for Premier Oil as near-perfect Catcher pays for itself
Premier Oil said today that its investment in the Catcher project had already been covered by production from the field.
North Sea industry putting profits before helicopter safety, new report claims
North Sea oil and gas companies are dodging responsibility for the well-being of offshore workers at the expense of profit, according to a damning new helicopter safety report.
More new oil and gas inventory coming from mergers, not exploration
Increasingly more recoverable barrels of oil and gas around the world are coming from corporate mergers and acquisitions, and not from traditional exploration.
Penspen’s local touch in Abu Dhabi
The Middle East has been a mainstay of Penspen and confirmation of that came earlier this week, with the announcement of a project management consultancy (PMC) award from Abu Dhabi’s ADNOC.
Opening the Gateway to Abu Dhabi
Energy Voice and Granite PR have held their first co-branded Gateway event in Abu Dhabi, with a pre-conference breakfast involving ADNOC, where the importance of innovation and co-operation was high on the menu.
Maersk Drilling wins £30.3m Caribbean contract with Shell
Maersk Drilling has won a £30.3million contract for work in the Caribbean with a subsidiary of energy giant Shell.