Total announces that it has signed the definitive agreements with Novatek for the acquisition of a direct 10% interest in Arctic LNG 2, a major liquefied natural gas development led by Novatek on the Gydan Peninsula, Russia.

GLOBAL OIL

2018 was a dynamic year for ship recycling, with many vessel types removed at record levels, while others slowed to essential deletions only.

GLOBAL OIL

ExxonMobil says it has updated its growth plans and expects annual earnings potential to increase by more than 140 percent by 2025 from 2017 adjusted earnings, assuming an oil price of $60 per barrel and based on 2017 margins.

Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”) is pleased to announce that the Company has received $2.3 million from Ocean Infinity from the exercise of 5,760,000 warrants. The warrants were issued in connection with the Company’s private placement of units to Ocean Infinity in June 2018. The warrants expire in June 2021 and had an exercise price of $0.40.

Toisa continues to liquidate their fleet while Robert Day, VesselsValue's Head of Offshore, provides insight into the latest vessels to find new owners.

2018 ended with a surge of subsea tree awards as E&P Operators locked in lower supply-chain cost. Will demand continue to grow in 2019 and allow subsea OEMs to build backlogs and take back pricing power?

Byron Energy Limited announces that it has closed on the acquisition of South Marsh Island Block 58, SM 58 E1 producing wellbore, and the associated SM69 E Platform and Flowlines, for US$4.25 million dollars, being the price effective January 1st, 2019.

At its annual Security Analyst Meeting on March 5, 2019, Chevron Corporation announced expectations for significant cash flow growth, disciplined spending, and expanding production over the next five years.

Exxon Mobil Corporation says it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s production.

Equinor sold natural gas for around USD 26 billion in total in 2018, an increase of 29 percent from 2017. As more countries prepare for the energy transition, Equinor sees strong market opportunities for gas and expects global demand to grow by around 10% towards 2030.

International offshore services company, Telford Offshore, has unwound the share trust originally set up when it was formed via a corporate restructuring in February 2018.

Westwood’s Offshore Drilling Rigs Senior Analyst, Teresa Wilkie on what to expect from a changing Northwest Europe market following a change in the demand supply balance.

A surge in final investment decisions (FIDs) this year on new petroleum projects worldwide could see sanctioned volumes of oil and gas – excluding shale and tight oil and gas prospects – nearly triple compared to last year’s tally.

Rowan Companies plc (NYSE: RDC) (“Rowan”) and Ensco plc (NYSE: ESV) ("Ensco") jointly announces that both companies’ shareholders voted to approve the pending all-stock transaction under which Rowan shareholders will receive 2.750 Ensco shares for each Rowan share they own.