Energy Voice | Petrofac to sell 49% of Mexican business

UK oilfield services firm Petrofac will sell 49% of its Mexican business to Perenco. Perenco will pay an initial cash consideration of $200 million, with $30m payable upon signing and a further $170m to be transferred on completion. The deal includes Petrofac’s Santuario, Magallanes and Arenque operations and is expected to go through in Q4 […]

Energy Voice | Kuwait firm borrows $1.1bn to expand fracking operations

Kuwait Foreign Petroleum Exploration Co. is borrowing $1.1 billion to spend on oil and natural gas projects as the company plans to expand its shale operations, chief executive Officer Sheikh Nawaf Saud Al-Sabah said. Sumitomo Mitsui Banking Corp. and Societe Generale SA were the joint lead arrangers of the five-year loan for Kufpec, a unit […]

Energy Voice | Watch: Equinor Peregrino modules sail to Brazilian platform

Watch as Equinor’s Peregrino modules set sail en route to the platform in Brazil to begin Phase 2 of the project. The modules for the drilling facility have already been delivered but will now undergo stacking and testing. Equinor said today that the platform and corresponding drilling facility will see installation in late 2019. The […]

New Sales Engineer Joins Motive Offshore

Motive Offshore has welcomed Will McLennan to the company’s sales team as the sales engineer. In his new role Will’s focus will be on expanding sales across the UK, promoting the Motive brand and supporting its global customer base. “Will’s wealth of expertise and industry knowledge is a very welcome addition to […]

Energy Voice | In pictures: Stena Drilling assist in tactical search and arrest exercises

Stena Drilling assisted the Spanish Naval Forces (Armada Española) in its security and anti-piracy exercises this week. The training took place aboard the Stena Forth and Stena IceMAX vessels in Las Palmas, Spain. The exercises reportedly involved the tactical boarding of both vessels and the search and arrest of a number of ‘pirates’, role-played by the Stena […]

Energy Voice | Predator targets Ireland’s Corrib gas field

An application has been made by Predator Oil and Gas for a Frontier Exploration Licence for a subsea tie-back to the Corrib gas field in the event of a potential gas discovery in the Corrib South well. Jersey-registered Predator announced today that “sufficient progress is being made to warrant commencing initial planning” to ensure consents […]

Global Marine Names Three New Board Members

Global Marine has appointed Ian Bryan, managing director of Group Operations, Mike Daniel, managing director of Global Offshore and Mark Preece, managing director of CWind to its board of directors effective July 2, 2018. These appointments expands the board from four members to seven directors, the company informed. Bryan, who is a Chartered Engineer, has been […]

Energy Voice | Royal Society of GPs divest from oil and gas

The Royal College of General Practitioners (RCGP) has announced that it will cease any future investment in the oil and gas sector. Boasting more than 52,000 members, the RCGP is UK’s largest medical college and a member of the UK Health Alliance on Climate Change. The organisations said that it had identified climate change as a “clear […]

Seanamic Names New CEO | Subsea World News

Seanamic Group has appointed David Hutchinson as its new CEO. Hutchinson joins Seanamic from Aker Solutions, where he led their Asia-Pacific region for five years and was latterly responsible for subsea business development in Europe and Africa. In his new role, David will work across all four Group businesses: Caley Ocean Systems, […]

Energy Voice | Add Energy appoint former Shell veteran as VP

Energy consultancy Add Energy has today announced the appointment of Damon Bowler as vice president of its asset and integrity management division. Mr Bowler, who spent a number of years with Shell, will oversee the new division and have a “specific focus” on Aberdeen, according to Add Energy. Joining Add Energy in 2017, Mr Bowler […]