Three Companies Merge To Create SolstadFarstad

The Skudeneshavn, Norway-headquartered company, which also has activity in the renewable energy sector, has a fleet of about 150 vessels. Currently, two well vessels and a harvest vessel are under construction.

Jun 23 2017 - 8:13am

Norway Offers Record Number Of Blocks For Arctic Oil Exploration

The oil ministry proposed 102 blocks, comprising 93 in the Barents Sea and nine in the Norwegian Sea, despite calls from the Norway’s Environment Agency to remove about 20 blocks near Bear Island, an important nesting site for Arctic birds.

Jun 21 2017 - 8:11am

Russia's Gazprom Says Proposed US Sanctions Aim To Boost US LNG Exports

New sanctions on Russian energy projects proposed by the U.S. Senate are aimed at boosting LNG exports from the U.S. to Europe, an official from Gazprom was quoted as saying.

Jun 15 2017 - 4:05pm

Centrica To Sale Stake In Canadian E&P JV

Centrica said June 9 it would sell its 60% stake in its Canadian oil and gas E&P joint venture to a consortium for about 240 million pounds (US$305 million).

Jun 9 2017 - 2:35pm

Moody's Upgrades BP, Citing Resilience To Oil Price Volatility

Moody's upgraded BP Plc's credit rating on June 8, citing a strong performance despite oil price volatility and greater fiscal clarity following a $20 billion settlement of the deadly 2010 Gulf of Mexico spill.

Jun 8 2017 - 8:10am

EU Clears GE, Baker Hughes Megamerger Without Conditions

The EU concluded that the merger of GE and Baker Hughes would not harm competition in European markets for various products where both U.S.-based companies were active.

Jun 1 2017 - 7:50am

Ensco Buys Atwood In Downturn’s First Offshore Drilling Merger

Despite the need for consolidation in the offshore drilling space, the Ensco-Atwood merger doesn’t mean much for the currently oversupplied market, analyst says.

May 31 2017 - 2:25pm

Rebalancing Act: OPEC Extends Production Cuts For Nine Months

Demand is expected to pick up in the second quarter, according to OPEC’s president. But that doesn’t mean another extension is off the table.

May 25 2017 - 2:20pm

Netherlands To Receive First LNG Cargo From Cheniere's Sabine Pass Plant

The Netherlands is set to receive its first LNG delivery from Cheniere Energy's Sabine Pass export plant in the U.S., according to shipping data.

May 22 2017 - 7:55am

BP Shareholders Approve Reduced CEO Pay, New Policy

BP shareholders on May 17 approved an $11.6 million pay package for CEO Bob Dudley after the oil and gas company cut it in response to investor pressure.

May 17 2017 - 2:20pm