SINGAPORE, April 18 (Reuters) - Singapore conglomerate Keppel Corp is planning to 1,800 staff this year at its offshore and marine business, the first time the company is hiring for the division after cutting thousands of jobs since 2015. The slump in oil prices in 2014 and a global oversupply of drilling rigs had hit orders at the company's O&M division, but demand is … [Read more...]
South Carolina Budget Proposal Would Block Offshore Drilling Off State
By Valerie Volcovici April 17 (Reuters) - South Carolina's Republican-majority Senate is poised to advance a measure this week that would require the state to block new infrastructure to transport or process offshore oil and gas as state lawmakers fear the Interior Department will open the Atlantic coast to offshore drilling. Republican State Senator Chip Campsen introduced … [Read more...]
Chevron to Acquire Anadarko in $33 Billion Energy Mega-Merger
By John Benny and Jennifer Hiller April 12 (Reuters) - Chevron Corp on Friday said it will buy Anadarko Petroleum Corp for $33 billion in cash and stock as the company doubles down on its bet on U.S. shale oil and gas production, where the surge in output has made the United States the world's largest energy producer. With oil prices surging this year, Chevron and … [Read more...]
Offshore Drillers Ensco and Rowan Complete Merger
The previously announced merger between offshore drillers Ensco plc and Rowan Companies closed Thursday with overwhelming support from each company's shareholders. The new company, named EnscoRowan, will trade on the New York Stock Exchange under the ticker symbol ESV. The closing of the transaction follows the satisfaction the deals closing conditions including … [Read more...]
Equinor Again Delays Start-Up of Britain’s Mariner Offshore Oilfield
By Nerijus Adomaitis OSLO, April 10 (Reuters) - The operator of the Mariner heavy oil field, one of Britain's largest offshore developments in years, postponed its start-up to summer 2019 on Wednesday for safety checks on the platform's electrical couplings. Originally due to come on stream in 2017 and with an estimated 300 million barrels of recoverable reserves, the 4.5 … [Read more...]