Trader Wilmar reduces projections for Brazil sugar production
Wilmar International, a commodities trader based in Asia, cut its forecasts for sugar production by Brazil in 2024/25 due to the rapid decline in agricultural yields and quality of canes caused by fires and dryness in farmland.
Robotics: Autobots Transform in the Offshore Energy Sector
Robots and robotics have slowly been entering our lives, in various shapes and forms (and fictional characters), from self-driving household vacuum cleaners to highly automated manufacturing systems.
Shale Pioneer Chesapeake Energy Files for Bankruptcy
Chesapeake Energy Corp filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy debts and the impact of the…
US Proposal Would Allow Oil and Gas Drillers to Delay Royalty Payments
The U.S.
Halliburton Cuts 350 Jobs in Oklahoma
Oilfield services giant Halliburton on Monday said it will lay off an estimated 350 employees in Oklahoma, according to a filing with the state, as the spread of coronavirus and a price war between…
Icahn Sells Nearly a Third of His Oxy Stake
Activist investor Carl Icahn, who has been waging a bitter battle against Occidental Petroleum Corp's board over its $38 billion acquisition of Anadarko Petroleum, cut his holdings in the oil and gas producer by nearly a third…
Saudi Aramco Kick-starts IPO
Saudi Arabia's giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world's biggest…
Mexico Unveils Pemex Business Plan
Mexico on Tuesday unveiled parts of a keenly awaited business plan meant to bring the world's most indebted oil company back from the abyss, but its vow of $7.2 billion in government support failed…
Delek Nearing Deal for Chevron's North Sea Fields
Israel's Delek Group is close to clinching Chevron's oil and gas fields in the British North Sea, which have a price tag of around $2 billion, sources familiar with the matter told Reuters.Delek, via…
Workers at Total's North Sea Platforms to Strike
Workers at three of Total's North Sea oil and gas platforms will hold a series of strikes between March 11 and May 8, Britain's Unite union said on Tuesday.Unite members on the Elgin Franklin, North Alwyn and Dunbar platforms will take part in a
Glengorm Discovery Highlights UKCS Potential
CNOOC announced Tuesday it has made a significant discovery on the Glengorm prospect, located in the Central North Sea of the U.K. continental shelf (UKCS), with recoverable resources estimated at…
Chrysaor Sets Sights on Chevron's North Sea Assets
Private equity-backed oil firm Chrysaor has hired advisers ahead of talks to buy Chevron's British North Sea oil and gas fields for over $2.5 billion, industry and banking sources said.Chrysaor has…
Marine Survey Work Starts for Greenlink Interconnector
The subsea field work for the Greenlink interconnector, one of Europe’s most important infrastructure projects, gets under way with the launch of the first of MMT’s survey vessels, MV Franklin.The…
Union Workers Strike at Total's North Sea Oil Platforms
Britain's largest labour union, Unite the Union, announced series of 24 hour and 12 hour rig worker strikes at Total's North Sea oil and gas platforms, a statement said on Thursday. There will be three 24 hour stoppages on July 23 and Aug.
Union Rig Workers to Strike at Total's North Sea Fields
Members of the Unite union who work at Total's North Sea offshore oil and gas fields voted in favour of strike action on Thursday, the union said in a statement. Unite said the strike over pay and…
Union Rig Workers Vote to Strike at Total's North Sea Oil Fields
Members of the Unite union who work at Total's North Sea offshore oil and gas fields voted in favor of strike action on Thursday, the union said in a statement* Unite said the strike over pay and working hours would begin next month and that mem
Total's North Sea Oilfield Workers Hold Strike Ballot
Britain's biggest labour union is balloting rig workers at three of Total's North Sea oil platforms over a potential strike due to the company's refusal to reduce the number of unpaid working days…
Alberto Moves Inland, Flash Floods Threaten Alabama
Subtropical storm Alberto fizzled into a subtropical depression as it rolled into Alabama on Tuesday but forecasters warned of potentially dangerous flash floods even as winds dropped to 30 miles per hour (48 km per hour).
Offshore Achievement Award winners Announced
Winners of the 2018 Offshore Achievement Awards were announced last night {22 March} in a celebration of industry talent, innovation and enthusiasm. The Society of Petroleum Engineers (SPE) Aberdeen…
Talos, Stone Energy Plan $2.5 Bln Merger
Talos Energy LLC and Stone Energy Corp, two U.S. exploration and production companies focused on the Gulf of Mexico, announced on Tuesday plans to merge and create a new company valued around $2.5 billion including debt…
