LLOG Exploration Offshore, LLC. and Repsol E&P USA Inc., have announced the signing of an Asset Exchange and Joint Participation Agreement in the deepwater Gulf of Mexico. The agreement provides for the drilling of a delineation well at Repsol’s Leon discovery and covers Keathley Canyon blocks 642, 643, 686 and 687. In addition, Repsol will acquire an interest in the LLOG-operated discovery Moccasin in Keathley Canyon 736.

McDermott International, Inc. reports revenues of $2.2 billion and a net loss of $(70) million, or $(0.39) per diluted share, for the first quarter of 2019. Excluding restructuring, integration and transaction costs, as outlined in an accompanying table, the adjusted net income for the first quarter of 2019 was $3 million, or $0.02 per diluted share.

Prysmian Group, a world leader in the energy and telecom cable systems industry, has refinanced its €1,000 million long-term revolving credit facility with a pool of leading Italian and international banks.

Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, signed an agreement yesterday to sell its 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Delek CT Investment LLC, a subsidiary of Delek Group Ltd (Delek). The total consideration for this deal is $965 million in cash.

Pipeline technology company STATS (UK) Ltd generated 80 per cent of its income in international markets as it posted 2018 revenues of £43.4 million compared to £30 million in 2017.

Anadarko Petroleum Corporation has announced that it intends to resume negotiations with Occidental Petroleum Corporation in response to Occidental's proposal to acquire Anadarko, which was announced by Occidental on April 24, 2019 (the "Occidental Proposal"). As disclosed previously, Anadarko entered into a definitive merger agreement with Chevron Corporation on April 11, 2019 (the "Chevron Merger Agreement").

Chrysaor Holdings Limited is to acquire ConocoPhillips’ UK oil and gas business for $2.675 billion.

The West African offshore rig market has been one of the hardest hit during the oil price downturn. Once a region that attracted premium units and demanded some of the highest rig day rates – some rigs commanded over $600,000 – it quickly descended into an area with a glut of stacked rigs and a demand drought.

A new global study conducted by consulting firm Protiviti, in collaboration with ESI ThoughtLab, finds that companies are investing significantly in robotic process automation (RPA) and are planning to dedicate even more resources toward developing their RPA capabilities over the next two years.

Anadarko Petroleum Corporation has confirmed that it has received an unsolicited proposal from Occidental Petroleum Corporation (NYSE: OXY) on April 24, 2019 under which Anadarko shareholders would receive $38.00 in cash and 0.6094 shares of Occidental common stock for each share of Anadarko common stock.

Ensco Rowan plc (“EnscoRowan”) has announced the completion of the previously disclosed merger of Ensco plc (“Ensco”) and Rowan Companies plc (“Rowan”), which follows the satisfaction of the transaction’s closing conditions including overwhelming approval by each company’s shareholders and sanction by the UK Court of the scheme of arrangement implementing the transaction.

The offshore market is set for a bumper year with 83 greenfield FIDs expected, totaling $115 billion in infrastructure, equipment & associated drilling services. This includes $19.2bn on FPSO/FLNG awards – of which $5.5bn are lucrative newbuild FPSO opportunities.

Exxon Mobil Corporation has announced estimated first quarter 2019 earnings of $2.4 billion, or $0.55 per share assuming dilution, compared with $4.7 billion a year earlier.

Murphy Oil Corporation has announced that its wholly owned subsidiary, Murphy Exploration & Production Company – USA (“Murphy”), has entered into a definitive agreement to acquire deep water Gulf of Mexico assets from LLOG Exploration Offshore, L.L.C. and LLOG Bluewater Holdings, L.L.C., (“LLOG”).

Chevron Corporation has announced that it has entered into a definitive agreement with Anadarko Petroleum Corporation (NYSE: APC) to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share.

The EIVA a/s annual report 2018 shows that it was a successful year for the company with significant growth of all product areas and strong EBITDA and net results.