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Exxon Mobil (XOM.N) is accelerating its biggest asset sales in decades with plans to divest up to $25 billion of oil and gas fields in Europe, Asia and Africa as it sharpens its focus on a handful of mega projects at home and abroad, banking sources said. The vast programme, which will see Exxon effectively... Continue Reading →
Offshore drilling company Seadrill has painted a cautiously optimistic picture for the offshore drilling market outlook, with the company seeing an opportunity for high-end floaters as well as for jack-up reactivations in 2020. At the end of the third quarter, Seadrill had 35 offshore rigs in Total, of which, 19 floaters and 16 jack-ups. Of... Continue Reading →
Suppliers of drilling and subsea services and equipment may already be feeling the partial lift offered by West African nation Angola clearing offshore investment bottlenecks. On Monday, Bergen-based subsea cable layer, Oceanteam, announced its vessel, or CSV BO 101, had been hired to hang around the Angolan offshore a little longer. Client Total extended the charter contract... Continue Reading →
Brazil Energy Insight 