cDiver.net Logo

Category Archives: Outlook

0

WorleyParsons Nets EPCm Contract for BP’s Caspian Assets

April 14, 2016

WorleyParsons has been awarded a five year contract for Engineering, Procurement and Construction Management (EPCm) services for BP-operated assets in Azerbaijan, Georgia and Turkey. Under the agreement, WorleyParsons will provide EPCm services primarily to BP-operated Sangachal Terminal and pipeline systems in Azerbaijan, Georgia and Turkey. The Sangachal terminal receives, processes, stores and exports crude oil and gas… Continue Reading »

0

DEME Takes Small Stake in Tidal Power Scotland

April 14, 2016

Atlantis has agreed to sell a minority stake in its Scottish tidal development company, Tidal Power Scotland Limited (TPSL) to DEME for cash consideration, subject to satisfaction of certain conditions precedent which are scheduled to be achieved during the coming weeks. Reportedly, DEME has agreed to pay Atlantis £2 million in cash consideration for a 2… Continue Reading »

0

LNG Backers Face Comatose Market as Oil Shows Signs of Life

April 14, 2016

As oil markets look for the green shoots of a price recovery, LNG participants are hunkering down for a long winter. The most influential executives, investors and traders in the liquefied natural gas market will gather in Perth, Australia, this week for the industry’s biggest conference. While Brent oil has surged about 50 percent since… Continue Reading »

0

Marathon Oil Signs Deals To Sell $950M Of Assets

April 13, 2016

Marathon Oil Corporation said on Monday it had signed agreements to sell non-core assets for $950 million, bringing its total sales through divestitures to about $1.3 billion since last August. The oil and natural gas producer, which did not identify the buyers, said it will divest all of its Wyoming upstream and midstream assets for… Continue Reading »

0

US Shale Oil Firms Feel Credit Squeeze As Banks Grow Cautious

April 13, 2016

Nearly two years into an epic oil rout, U.S. shale drillers that have upended global energy markets are finally feeling a credit squeeze as banks make their biggest cuts yet to their loans. Every six months, oil and gas producers and their banks negotiate how much credit they should be given based on the value… Continue Reading »

0

Marine Industry Looks To Cruise Ships, Wind Farms To Weather Oil Slump

April 12, 2016

Marine and offshore engineering companies are turning to cruise ships, fishing vessels or even sea-based wind farms to keep their earnings afloat as weak oil prices slash new spending by big energy companies. Many companies that have focused on building or chartering vessels to support offshore drilling and exploration have seen orders and charter rates… Continue Reading »

0

India Echoing Pre-Boom China As New Center Of Oil Demand Growth

April 12, 2016

In the energy world, India is becoming the new China. The world’s second-most populous nation is increasingly becoming the center for oil demand growth as its economy expands by luring the type of manufacturing that China is trying to shun. And just like China a decade ago, India is trying to hedge its future energy… Continue Reading »

0

GE’s Oil Unit Seen Finding `Missing Piece’ With Baker Hughes

April 11, 2016

General Electric Co. could become one of the top players in the oil services and equipment industry if it decides to bid for Baker Hughes Inc. A Justice Department lawsuit filed this week against Halliburton Co. to stop the merger of the world’s second- and third-largest oilfield service companies could soon put Baker Hughes back… Continue Reading »

0

Oceaneering Axes More Jobs in Norway

April 9, 2016

Oil services company, Oceaneering, is reportedly laying off 150 staff from its Norway division. According to Norwegian Aftenbladet.no the company informed the employees about the downsizing earlier this week, and that specifically ROV division will be most affected by this decision. Oceaneering’s CEO, Erik Sæstad, was quoted in Norwegian media saying that “the situation is difficult but the company… Continue Reading »

Login to your account

Can't remember your Password ?

Register for this site!