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Offshore News

Mitsui set for 50% share in AKOFS Offshore

June 19, 2018

Akastor has an agreement to transfer 50% of its shares in AKOFS Offshore to Mitsui & Co. and Mitsui O.S.K. Lines, forming a joint venture ownership.

Cox Oil affiliate to purchase Energy XXI Gulf Coast

June 18, 2018

A Cox Oil affiliate has signed a definitive agreement to acquire Energy XXI Gulf Coast Inc. for about $322 million.

ConocoPhillips awards major FEED contracts for Barossa

June 18, 2018

ConocoPhillips has awarded three major engineering contracts for the Barossa gas field offshore northern Australia.

FPSO maintenance slows Petrobras’ oil output

June 18, 2018

Petrobras’ oil production in Brazil declined 1.2% last month to 2.07 MMb/d.