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Ashtead Technology acquires Aqua-Tech Solutions in Gulf of Mexico

2 months ago DieselGasoil Comments Off on Ashtead Technology acquires Aqua-Tech Solutions in Gulf of Mexico
4/24/2019 Photo: Diamond wire saw on a new asset in Ashtead Technology’s fleet. ABERDEEN — Ashtead Technology has announced that it has acquired Louisiana based subsea equipment rental and cutting services specialist, Aqua-Tech Solutions, as part of the company’s international growth plans in the U.S. The combined business will see clients in the Gulf of Read More

KCA Deutag awarded a four-year drilling contract extension in North Sea

2 months ago DieselGasoil Comments Off on KCA Deutag awarded a four-year drilling contract extension in North Sea
4/24/2019 The Scott Platform, UK North Sea. Photo: KCA Deutag. ABERDEEN — KCA Deutag is delighted to confirm that its offshore business unit has been awarded an extension to its existing contract with CNOOC Petroleum Europe Limited for the Scott platform, which it operates in the UK North Sea. The contract extension, which is for Read More

Drydocks World completes 5th project for the Arabian Gulf

2 months ago DieselGasoil Comments Off on Drydocks World completes 5th project for the Arabian Gulf
4/24/2019 AQAM installation, offshore Middle East. Photo: Drydock World. DUBAI — Drydocks World, service provider to the marine, offshore, oil, gas and renewable energy sectors, has completed the 5th wellhead platform AQAM for TechnipFMC and end-client Dubai Petroleum. The topside is an oil and gas processing module weighing 900 t, designed for unmanned offshore operation Read More

Shell has made a deepwater disciver in the U.S. Gulf of Mexico

2 months ago DieselGasoil Comments Off on Shell has made a deepwater disciver in the U.S. Gulf of Mexico
4/24/2019 U.S. Gulf of Mexico Map. Photo: Equinor. THE HAGUE — Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has announced a significant discovery at the Blacktip prospect in the deepwater U.S. Gulf of Mexico. Evaluation is ongoing and appraisal planning is underway to further delineate the discovery and define development options. “Blacktip is Read More

Saudis see no need for immediate action on oil market

2 months ago DieselGasoil Comments Off on Saudis see no need for immediate action on oil market
By Anthony DiPaola, Matthew Martin and Yousef Gamal El-Din on 4/24/2019 DUBAI (Bloomberg) — Saudi Arabia’s energy minister said the world’s biggest oil exporter sees no need to take immediate action in the crude market, signaling a cautious response to the U.S. decision to tighten sanctions on Iran. The kingdom won’t significantly raise output in Read More

Equinor bends to investor pressure on climate

2 months ago DieselGasoil Comments Off on Equinor bends to investor pressure on climate
By Kelly Gilblom on 4/24/2019 LONDON (Bloomberg) – Equinor is the latest large oil company to bow to a major investor group that is pushing corporations to take more robust action on climate change. The Norwegian giant has agreed to align its business model with the goals of the 2015 Paris climate accord and will Read More

Occidental makes Anadarko bid, seeks to derail Chevron deal

2 months ago DieselGasoil Comments Off on Occidental makes Anadarko bid, seeks to derail Chevron deal
By Simon Casey and Kevin Crowley on 4/24/2019 NEW YORK and HOUSTON (Bloomberg) — Occidental Petroleum is starting a bidding war for Anadarko Petroleum, making a $38 billion counteroffer in attempt to break up the proposed takeover by Chevron. Occidental said Wednesday it’s offering $76/share in cash and stock, a premium of about 20% over Read More

Kenneth Collins joins OspreyData as V.P. of production optimization and services

2 months ago DieselGasoil Comments Off on Kenneth Collins joins OspreyData as V.P. of production optimization and services
4/23/2019 Photo: Kenneth Collins, V.P. of production optimization & services, OspryData. HOUSTON — OspreyData, leader in AI-based production optimization solutions for oil & gas, announced that Kenneth Collins has joined as V.P. of product optimization & services. Collins is a seasoned oil & gas executive who brings 25 years of experience in all areas of Read More

Anadarko changed CEO’s potential payout before Chevron deal

2 months ago DieselGasoil Comments Off on Anadarko changed CEO’s potential payout before Chevron deal
By Anders Melin and Rachel Adams-Heard on 4/23/2019 NEW YORK and HOUSTON (Bloomberg) — Anadarko Petroleum Corp. adjusted severance payments for senior executives the day before Chevron Corp.’s $33 billion buyout offer, setting up CEO Al Walker to collect millions of dollars of additional compensation if he leaves the company. The board also eliminated a Read More