Fossil Energy
Early contract termination for Transocean’s drillship
Transocean has received a contract termination for a drillship operating in Egypt.
Aker BP merges two units and names senior VP
Norwegian oil and gas company Aker BP has made changes to its executive management team as a result of reduced activity and the subsequent need for organizational adjustments.
Covid-19 impacts Seabed Geosolutions’ activities
Seabed Geosolutions is feeling the impact of the COVID-19 pandemic on its activity. A significant ongoing project in the Middle East has been cancelled and another project that was scheduled to start imminently in Brazil has been postponed. In response, Seabed will implement rigorous cost and capex
Norway: Oil output falls short of expectations for third month straight
Norwegian oil production during March 2020 fell below predictions made by the Norwegian Petroleum Directorate (NPD), according to the directorate’s report on Friday.
Zenith Energy buys AAOG subsidiary and Tilapia field stake
Canadian oil and gas company Zenith Energy has renegotiated the terms for the acquisition Anglo African Oil & Gas’ subsidiary which is the operator of the Tilapia oilfield in the Republic of the Congo.
Green light for Chrysaor’s decommissioning plan for Ganymede platform topsides
Chrysaor’s decommissioning program for its Ganymede platform topsides, which is located on the Jupiter area in the UK sector of the North Sea, has been approved by UK authorities.
TGS starts Gambito 2020 seismic shoot
TGS has started the Gambito 2020 3D seismic survey offshore The Gambia. Under the cooperation of The Gambian Ministry of Petroleum & Energy (MOPE), the acquisition is being undertaken in conjunction with BGP, utilizing the BGP Prospector vessel. The 4,770-square kilometer Gambito 2020 3D survey cove
Total delays North Sea gig for Prosafe’s accommodation rig
Offshore accommodation specialist Prosafe and oil major Total have agreed to delay Total’s 2020 North Sea campaign, which was supposed to use Prosafe’s Safe Caledonia flotel.
Shell bankrolls Surat gas project
The Hague-based Shell reached a final investment decision to develop Arrow Energy’s Surat gas project in Queensland, Australia.
Chevron gets $1.6 billion from MOL for Azerbaijan assets
Oil major Chevron has sold its interest in assets offshore Azerbaijan to Hungary’s MOL for $1.57 billion.
Turbulent waters: Covid-19 and offshore construction
The article delves into legal intricacies of declaring force majeure events on existing offshore construction contracts in case of delays caused by the coronavirus pandemic as well as key points to consider when entering new contracts.
ConocoPhillips reveals plans for more cost cuts amid market downturn
ConocoPhillips is taking further actions to respond to the oil market downturn and it will be making further capital, operating cost, and share repurchase reductions of $3 billion.
Why Mexico is the winner in OPEC+ deal, Rystad explains
Following a historic OPEC+ deal to reduce global oil output in an effort to save the oil industry, Mexico came out as an unlikely winner.
Dutch Tulip Oil preparing for future wells on North Sea project
Tulip Oil is taking steps in preparation for production increase at its Q10-A gas field located in the Dutch sector of the North Sea.