Dutch provider of offshore support vessels Vroon Offshore Services (VOS) has been awarded a three-year contract extension with oil major BP. Vroon Offshore Services said on that the three-year extension was worth £30 million (US$38.75 million). Under the extension, VOS will continue its…
Aramco Trading Company (ATC) has announced the establishment of a London subsidiary called Aramco Trading Limited (ATL). ATL will expand ATC’s global portfolio and will provide a “vital” business and operational link between Europe and the Americas, ATC outlined. ATL is the third international office…
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Sergey Chemezov, Director General of the state-owned Rostec Corporation, was recently held in Moscow. The meeting participants reviewed the potential areas of cooperation between Gazprom and Rostec enterprises, including the transportation…
Apache Corporation is drilling its second exploration well on block 58 offshore Suriname, following its large Maka Central oil discovery earlier this year. Results so far from the Sapakara West-1 well are encouraging, said CEO and President John Christmann. The Maka Central-1 persuaded…
Firmenich, the world’s largest privately-owned perfume and taste company, has announced that all its operations worldwide[1] are now powered by 100% renewable electricity. An industry first, this significant milestone builds on Firmenich’s second consecutive CDP Triple A ranking for Climate Change, Water and Forests,…
Rockhopper Exploration has announced that following satisfaction of the requisite conditions precedent, the disposal of Rockhopper Egypt to United Oil and Gas has now been completed. As previously announced, the US$16.0 million consideration payable to Rockhopper under the transaction comprises: cash of US$11.5 million the…
BP has revealed that it will drop three US-based trade associations following a review examining climate-related policy and activity alignment. The company said it will leave American Fuel and Petrochemical Manufacturers (AFPM) and the Western States Petroleum Association (WSPA) due to material differences regarding…
Energean Oil and Gas has signed an agreement for the acquisition of Total’s stake in Block 2, offshore Western Greece. Energean said on the 27th February that the deal provides the company with further material exploration opportunities in its core area of the Eastern…
Wärtsilä will supply four retractable steerable thrusters, thruster controls, and two tunnel thrusters for Boskalis’ crane vessel Bokalift 2. The retraction system, combined with the 8-degree tilted thruster, is said to be a key factor in enabling effective station-keeping. The thrusters’ retractability also enables…
Lebanon’s much-delayed search for offshore oil and gas was set to begin on the 27th February with the results from its first exploratory well expected in the next two months, the chairman of the Lebanese Petroleum Administration (LPA) said. Lebanon is on the Levant…
