Houston-based Cobalt International Energy appointed Timothy J. Cutt as its new CEO and Class I member of the board of directors, each effective 2 July 2016. Cutt has over 30 years of oil and gas experience, most recently as BHP Billiton's president of petroleum…
The oil and gas division of Vinci Energie's industrial processes unit Actemium has won a US multi-million contract with BP Angola. The ”two-asset” agreement, the first of its kind for BP’s Angolan operations, will see Actemium become…
China National Offshore Oil Corp. (CNOOC) may have made 16 new discoveries and appraised 23 oil and gas structures in 2015, but also experienced a net profit decline of 66.4% year-on-year to US$3.1 billion. Liuhua operations…
Audrey Leon spoke with Infield Systems’ analysts James Hall and Wei Liu to get the bigger picture. According to Infield Systems, the offshore pipeline installation market over the next 12 months will be challenging. Infield has revised…
Anadarko’s offshore Mozambique Offshore Area 1 development has taken a step closer with the signing of contractors for the onshore LNG terminal. A consortium consisting of CB&I, Chiyoda Corp. and Saipem were picked following a front end engineering and design (FEED) tender process…
The UK government is giving Dea UK and partner LetterOne three to six months for a further change of control for UK North Sea petroleum licenses or they will be revoked. RWE Breagh installation…
Long a bastion of Mediterranean oil and gas exploration and production, Italy's Edison is close to completing a deal on its latest assets in the UK North Sea and is eyeing its third hub in the wider North Sea region. Taking time out…
Germany’s RWE Aktiengesellschaft has conditionally agreed to sell its exploration and production firm subsidiary RWE Dea AG to Russian-backed LetterOne Group for about Euro 5.1 billion (US$7 billion). LetterOne was founded last year as an investment vehicle…
SNC-Lavalin Group Inc., is opening its regional head office for the Middle East and Africa in Abu Dhabi. The opening of the office, an important milestone in SNC-Lavalin's development, coincides with a contract the company recently signed with Ma'aden in Saudi Arabia…
WGPSN has secured a five year contract extension to provide operations, maintenance and construction management services for asset facilities in central Africa, in a deal worth more than $140 million. The contract employs about 580 people…
Petrofac's Integrated Energy Services (IES) business chief executive Andy Inglis is to leave the company at the end of February 2014 and join exploration firm Kosmos Energy as CEO and chairman, based in Dallas, Texas.Inglis will join the Kosmos board on March 1…
This year’s OMC conference ‘Charting a course in a changing sea’ attracted more than 560 companies from 30 countries to Ravenna, Italy, for 26 technical sessions and 120 speakers. But the changing gas market was on everyone’s mind. US shale gas…
Petrovietnam gave an overview of its operations and plans for future development at the Offshore Technology Conference in Houston today. The company seeks to grow to meet the expanding energy needs of Vietnam. Dr. Do Van Hua, president and CEO of Petrovietnam…
Repsol said its upstream unit was becoming its growth engine after posting a 56% growth in operating income to €2.208 billion compared to a 6.1% drop in the firm’s overall net income.The firm said the increase in upstream business “demonstrated…
Anadarko Petroleum CorporationAnadarko Petroleum Corp. announced details of its 2013 capital program and guidance, and provided additional information regarding its significant U.S. onshore growth opportunities, deepwater and international mega projects and industry-leading exploration program…