Rosneft acquired 30% stake in Egyptian offshore gas concession Shorouk from the Italian Eni for 1.5 billion USD, spreading investment risk with the Ru...

Perenco acquired major share in Trinidad’s offshore oilfield blocks
The oil and gas company Perenco acquired 70% interest in the offshore oilfield blocks Teak, Samaan and Poui in Trinidad and Tobago by the Spanish ener...

Venezuela and Trinidad signed energy development agreement
Venezuela and Trinidad and Tobago signed energy development agreements, including deliveries of natural gas to Caribbean islands. According to the agr...

Hoegh LNG Holdings signed LOI with Samsung Heavy Industries for four FSRU
Hoegh LNG Holdings signed a letter of intent with Samsung Heavy Industries for construction one plus three floating storage regasification units. The ...

Bibby Offshore awarded by Shell with North Sea offshore contract
Bibby Offshore was awarded by Shell with offshore contract in North Sea. The agreement include engineering and subsea construction in the Gannet G fie...

UK company Baron Oil found 885 million boe reserves in Peru offshore block
The UK oil producer Baron Oil released that its offshore Block Z-34 in shelf of Peru has reserves totaling 885 million barrels. The deep-water offshor...

Subsea 7 awarded with new offshore contract in Australia
Subsea 7 was awarded with new contract by the Australian energy company Woodside for subsea tie-back of adjacent fields of Goodwyn Alpha platform, rel...

Havila Shipping avoided bankruptcy
The Norwegian offshore company Havila Shipping avoided bankruptcy after agree with bondholders on debt restructuring. The worst scenario was avoided y...

Maersk Oil negotiating merger with DONG Energy
Maersk Oil negotiating merger with DONG Energy, establishing new 10-billion-dollar giant in oil and gas operations. The negotiations are in very early...

Siem Offshore acquired Farstad Shipping
Siem Offshore acquired Farstad Shipping in another wave of consolidation of the Norwegian OSV business. The both companies signed a binding term sheet...