Business & Finance

Hibernia oil spill case goes to court three years after it took place
Canadian regulator has brought charges against the company operating the Hibernia platform due to an oil spill, which occurred in July 2019.

Shearwater to perform 4D baseline survey for Australia’s Woodside
Shearwater GeoServices has secured a contract by Woodside to deliver a 4D baseline survey over gas fields in the Carnarvon Basin offshore Australia. The survey is planned to commence in the third quarter of the year and will cover the Scarborough and Jupiter gas fields. Geo Coral, quipped with multi

Getech bags $2.15 mln of energy transition-related contracts
Geoenergy and green hydrogen company Getech has secured $2.15 million of new contracts related to the energy transition.

Transocean rig in the clear for gig on Equinor’s North Sea field
Equinor has received consent from Norway’s regulator to use Transocean’s rig for production drilling and completion on a North Sea field.

Following incident, Equinor ordered to ensure maintenance of offshore facilities and land plants
Norway’s regulator has investigated an incident with a short circuit and fire pump breakdown on one of Equinor’s North Sea platforms.

Normand Pacific stays with Prysmian
Solstad Offshore has signed another contract extension with Prysmian Powerlink for the construction support vessel (CSV) Normand Pacific. The new one-year deal will see the vessel fixed with the Italian company until 31 December 2023. Prysmian has the option to extend the contract for a further one

Initiative to curb methane emissions extends its member base as UK firm enrols
Neptune Energy has backed an industry initiative, aiming to remove methane emissions from the oil and gas sector by 2030.

TechnipFMC to work for Equinor in Brazil
TechnipFMC has signed a Letter of Intent (LoI) with Equinor for an integrated Front End Engineering and Design (iFEED) study on the BM-C-33 project offshore Brazil. The study will finalize the technical solution for the proposed gas and condensate greenfield development in the pre-salt Campos Basin

Equinor prolongs Odfjell rig’s stay by piling up more work
Equinor has decided to exercise its option for additional wells to be drilled by an Odfjell Drilling-owned rig offshore Norway.

Two Norwegian players to slice up MOL’s stake in two North Sea discoveries
After deciding to buy MOL’s stake in two North Sea licences, Lime has inked a farm-down deal with Vår Energi for a portion of this stake.

Valaris sells jack-up and secures more work for multiple rigs ‘across several geographies’
Valaris has been awarded new deals and contract extensions for ops in Brazil, Australia, Brunei, North Sea, and the U.S. Gulf of Mexico.

Equinor’s oil & gas output to drop while it shuts in fields as offshore workers go on strike
Equinor has shut down production at three fields off Norway and revealed plans to do the same with four more due to oil & gas workers’ strike.

WATCH: Valaris rig sets sail for its gig with Repsol
Valaris has revealed that one of its jack-up rigs is on its way to its new assignment with Repsol, a Spanish oil and gas company.

Norway greenlights boost in output from several fields to meet energy demand
Norway’s government has devised a plan to ramp up output at several fields to maintain high gas exports to Europe and meet the growing demand.