Daily Archives: November 13, 2017

Pacific Drilling files for bankruptcy

Rate this article Pacific Drilling S.A. and some of its subsidiaries have filed petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. Read Full Article Here For more great articles: Offshore RSS Feed

Australia: Melbana sees more potential in Ashmore Cartier permits

Rate this article By _Offshore_Energy_Today_ Oil and gas exploration company Melbana Energy, formerly known as MEO Australia, has identified more potential for prospectivity on its Ashmore Cartier exploration permits AC/P50 and AC/P51 offshore Australia. Melbana said on Friday that the preliminary assessment of the recent 3D seismic broadband reprocessing results identified the potential for additional…

Shell upsizes shares sell-down to exit Woodside

Rate this article By LNG World News Image courtesy WoodsideRoyal Dutch Shell has upsized its previously announced agreement to sell shares in Woodside Petroleum following strong demand from institutional investors. Earlier today, the company said its unit, Shell Energy Holdings Australia Limited (SEHAL) will sell 71.6 million shares in Woodside, representing 64 percent of its…

Fincantieri in another push to make Vard private

Rate this article By Offshore Energy Today Italy’s Fincantieri has not given up on its intention to delist Vard, an offshore vessel construction specialist, and take it private. The Italian conglomerate said on Monday that its subsidiary Fincantieri Oil & Gas had proposed to Vard to file for voluntary delisting from the Singapore Exchange, to…