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AOG Daily: 2019 / March

Friday, 22 March 2019 08:47

US Rig Cuts Continue

U.S. energy firms this week reduced the number of oil rigs operating for a fifth week in a row to its lowest in nearly a…
Friday, 22 March 2019 06:28

Archer CEO Lechner Resigns

Oil services company Archer Limited announced Friday that CEO John Lechner has resigned from his position, effective immediately. (Photo: Archer) Lechner will remain as a…
Friday, 22 March 2019 04:08

Mexico Could Pay Pemex Debt from Stabilization Fund Featured

Mexico's deputy finance minister said on Thursday the government was considering using part of a $15.4 billion public income stabilization fund to pay some debt…
Thursday, 21 March 2019 12:31

Schlumberger, Rockwell Form Automation JV

Industrial automation and information company Rockwell Automation and oilfield services provider Schlumberger have teamed up to create what they're calling the first fully integrated digital…
Marine organisms such as barnacles and zebra mussels have been a long-standing nuisance to ship hulls, causing exterior damage, increased power and fuel consumption and…
Anadarko said on Thursday it would seek long-term charters for around 16 liquefied natural gas (LNG) tankers it would need to ship gas from a…
Thursday, 21 March 2019 08:40

Expro Promotes Two Execs

Oilfield services company Expro announced Thursday it has promoted two company executives. Alistair Geddes (Photo: Expro) Current Executive Vice President, Alistair Geddes, has been promoted…
Thursday, 21 March 2019 06:30

Murphy Oil Sells Malaysian Assets Featured

Murphy Oil Corp said on Thursday it is exiting Malaysia with the $2.13 billion sale of its oil and gas assets to a Thai company…
Thursday, 21 March 2019 04:28

The Decommissioning, Marine Life Connection Featured

Data sharing and better understanding of how marine life interacts with manmade structures is the target for the next phase of the Insite program. A…
Thursday, 21 March 2019 04:08

Ophir Agrees to be Bought by Medco

London-listed Ophir Energy Plc said on Wednesday it agreed to be bought by Indonesian oil and gas group Medco for a sweetened cash bid of…
Thursday, 21 March 2019 03:47

Energean Facing Delays at Epsilon

Energean trimmed the top end of its 2019 production forecast after facing delays at its Epsilon well in Greece, the oil and gas producer said…
North Sea focused oil producer EnQuest on Thursday committed to continue efforts to cut its $1.77 billion debt this year after reporting a jump in…
Wednesday, 20 March 2019 20:03

GoM Lease Bids Hit $244mln

Oil and gas Lease Sale 252 generated $244.3 million in high bids for 227 tracts covering 1,261,133.85 acres in federal waters of the Gulf of…
Wednesday, 20 March 2019 19:58

Global Energy Takes Over Apollo Offshore

Global Energy Group, the provider of contract services to the oil and gas industry, has bought a majority stake in Aberdeen-based Apollo Offshore Engineering, forming…
Wednesday, 20 March 2019 16:45

ABS Explores Pathways to 2050 in Germany

ABS National Committee has met recently in Germany to explores pathways to 2050, automation and digital with German maritime leaders and offered insight on key…
Wednesday, 20 March 2019 16:41

Høglund to Supply FGSS for Hurtigruten

Høglund, the marine solutions and system integration company, has been awarded a contract to deliver biogas-ready fuel-gas supply systems (FGSS) for six Hurtigruten passenger ship…
Wednesday, 20 March 2019 04:43

Sercel Launches DAS Seismic Solution

Seismic equipment and reservoir monitoring instrument manufacturer Sercel has launched its first distributed acoustic sensing (DAS) seismic solution. SigmaWave is Sercel’s first distributed acoustic sensing…
Wednesday, 20 March 2019 03:42

Oil Majors Rush to Dominate US Shale Featured

In New Mexico's Chihuahuan Desert, Exxon Mobil Corp is building a massive shale oil project that its executives boast will allow it to ride out…
Wednesday, 20 March 2019 03:36

Genel Energy Posts $254.6 Mln Loss

Iraqi Kurdistan-focused oil producer Genel Energy Plc posted a full-year operating loss of $254.6 million because of write-downs of about $424 million for its Miran…
Wednesday, 20 March 2019 03:34

Exxon Mulls FEED for Far East LNG Project

Exxon Mobil's Russian unit may take a decision this year on the Front End Engineering Design (FEED) for its Far East Liquefied Natural Gas project…
Wednesday, 20 March 2019 03:03

US Lease Sale a Test for Drilling Demand Featured

The Trump administration will hold its fourth major auction for oil and gas leases in the U.S. Gulf of Mexico on Wednesday, in a fresh…
Norway's regulations allowing oil and gas companies to claim refunds for exploration spending do not constitute state aid, the European Free Trade Association Surveillance Authority…
Tuesday, 19 March 2019 11:07

Brazil Likely to Pay Petrobras $10 Bln

The Brazilian government is likely to pay around $10 billion to state-run oil firm Petroleo Brasileiro SA to settle the so-called 'transfer-of-rights' dispute, newspaper Valor…
Tuesday, 19 March 2019 05:50

Oil Prices Reach 2019 Highs Featured

Oil prices rose to new 2019 highs on Tuesday, supported by OPEC supply cuts and falling output from Iran and Venezuela because of U.S. sanctions.…
Tuesday, 19 March 2019 04:32

Petrobras P-77 FPSO Starts Production

Brazil's state-run oil company Petroleo Brasileiro SA said on Tuesday it had started production at its P-77 platform, its fourth platform to enter operations in…
Tuesday, 19 March 2019 03:54

Petrobras Names Former Vale Exec as CFO

Brazil's state-controlled oil company Petróleo Brasileiro SA, or Petrobras, named Andrea Marques de Almeida, an engineer and former executive at mining company Vale SA, as…
Tuesday, 19 March 2019 03:50

Petronas Raises April Crude Price Factor

Malaysian state oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for April at $5.50 per barrel, up 10 cents from…
Tuesday, 19 March 2019 03:46

Wood's Profit Beats Estimates

Wood Plc's 2018 profit topped market expectations as the British oilfield and engineering services provider trumpeted the success of its 2017 takeover of smaller rival…
Tuesday, 19 March 2019 02:35

Aoka Mizu FPSO Hooks Up to Lancaster Field Featured

Hurricane Energy's floating production, storage and offloading (FPSO) vessel has been connected to the group's North Sea Lancaster oilfield, another milestone for the group as…
Installation and testing of the 67 km control umbilical connecting the Sole gas field with the Orbost Gas Plant has been completed, marking the conclusion…
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