Noble Corporation’s acquisition of Diamond Offshore consolidates its position as a leading offshore drilling provider, expanding its fleet and unlocking new growth opportunities.
The deal brings $2.1 billion in new backlog and diversifies Noble’s client base, solidifying its financial stability.
Noble’s lack of stacked iron and relatively low debt burden positions it for success in the growing offshore drilling market.
Colombia’s state-owned Ecopetrol sees the country’s offshore gas production coming on line as early as 2029, Bloomberg reported on Tuesday.
Yinson Production Ghana (“Yinson”) and the Ahanta West Educational Directorate have successfully hosted the third annual Yinson Reading and Spelling Bee competition themed, “Learn to Read, Read to Learn.”
MODEC, Inc. (“MODEC”) is pleased to announce that FPSO Bacalhau has received the Approval in Principle (AiP) for Abate Notation from classification society DNV, making it the first new built FPSO in the world to achieve this prestigious recognition.
TechnipFMC (NYSE: FTI) has
been awarded a significant(1) contract to supply flexible pipes to Petrobras for the pre-salt
fields offshore Brazil.
Giant trading houses and trading desks of integrated oil majors have taken advantage of the extreme volatility in oil and energy prices to make a killing in the markets.
Last month, Singapore-based oil and commodities trading powerhouse Trafigura Group posted the smallest profit since 2020 after oil price volatility dropped to multi-year lows.
Europe’s oil majors are feeling the heat, too, with both BP and Shell Plc warning of impending profit declines at their trading divisions.
New boss Murray Auchincloss, who took the helm in January, has shifted the company’s focus towards high growth and increased returns to shareholders amid weakened profit margins.
Shell UK Ltd. spudded an exploration well in the P2437 license area, UK Southern North Sea.
Petrobras saw its crude oil production increase by 2.6% year-over-year to 2.156 million barrels per day (bpd) in the second quarter, the Brazilian state oil and gas giant said in a production and sales report.
The news agency Reuters has seen something the rest of us haven’t: Internal Mexican government estimates of that country’s future oil production which paint a gloomy picture of rapid decline after 2030. Is this admission just the tip of the iceberg?