Corallian targets 2020 IPO and plans farm-out of North Sea prospects
Corallian Energy has announced plans for an initial public offering (IPO) next year and that it will begin a farm-out process for two North Sea prospects.
Corallian Energy has announced plans for an initial public offering (IPO) next year and that it will begin a farm-out process for two North Sea prospects.
Malaysian firm Hibiscus Petroleum has opted to use a floating production, storage and offloading vessel (FPSO) to develop a number of assets in the UK North Sea.
A prominent petro-economist has labelled the Labour Party’s plans to impose an £11 billion “windfall tax” on the oil and gas industry “misguided”.
Jeremy Corbyn has been accused of endangering the future of the oil and gas industry and imposing a “tax on Aberdeen” after Labour unveiled plans to charge the sector £11billion to “pay the cost of the climate emergency”.
Construction is expected to start next month on a multi-million pound project to prepare a yard in Fife for handling North Sea decommissioning jobs.
Industry body Decom North Sea (DNS) has appointed Jinda Nelson as chair of its board.
Nigeria’s former attorney general Mohammed Adoke has been arrested in Dubai, according to his lawyer Mike Ozekhome in comments to Reuters.
An Aberdeen-based energy consultancy has strengthened its well management team following a number of major contract wins for the firm.
Libya expects to raise more than $20 billion in revenue in 2019, with production running at around 1.25 million barrels per day, the company’s chairman Mustafa Sanalla said at a conference in Tunis.
Federal officials have approved permits for three new liquefied natural gas export terminals in the Rio Grande Valley and the expansion of another in Corpus Christi.
At a cultural gathering in the region of Qatif in Saudi Arabia’s oil-rich east, a poet recited some of his work before taking questions. The audience of 80 or so people was engaged and smiling, while a man quietly served coffee and tea in espresso-sized paper cups.
Oil and gas technology firm Blue Gentoo said yesterday it had made a “significant” investment in its future with the addition of business acquired from chemical monitoring and management specialist Lux Assure.
South Africa’s Hawks police squad has arrested a former minister Bongani Bongo, and MP from the ruling African National Congress (ANC) party, over alleged improprieties at the Eskom power utility.
Billionaire John Fredriksen stepped down as chairman of Seadrill Ltd., the offshore-rig company he founded more than a decade ago and which is struggling with high debt amid a slow market recovery.
Oil firm EnQuest said today that production should grow by about a fifth this year despite having to shut down two of its North Sea fields.
The firm which operates and maintains the St Fergus gas terminal in Aberdeenshire has bought an oil and gas project management company based in Newmachar.
Well engineering and project management firm Zenith Energy, of Aberdeen, has started work on a £1 million, six-month contract in Morocco.
Dutch dredging and heavylift firm Boskalis has announced a clutch of new contracts worth £93m, including a transportation deal for a new North Sea FPSO.
Exxon Mobil Corp. had the outlook on its top-notch debt rating lowered by Moody’s Investors Service Inc. to negative due to a “substantial” cash burn to fund growth.
Russia offered yet another explanation for why its oil production may exceed its OPEC+ target for November, months after promising to improve the country’s lax implementation of output cuts.
The head of a Maltese company working on an LNG-to-power scheme has been arrested on a yacht as he was leaving the country.
Avenir has set out a planned entry into a second country, Brazil, under a small-scale LNG delivery scheme with Golar Power.
A North Sea platform that had to be evacuated following a subsea inspection will undergo repair work early next year.
Petrofac has announced new contracts and extensions in the North Sea and Malaysia worth £93m, as well as an acquisition marking its entry to the US onshore services market.
The UK North Sea will welcome more cash from overseas to bridge the gap left by traditional investors who are turning their backs on oil and gas, a new report said.