Fossil Energy
VIDEO: Saipem’s Scarabeo 9 rig crosses Bosphorus
Saipem’s Scarabeo 9 semi-submersible offshore drilling rig has crossed the Bosphorus Strait for the fourth time in its history.
More than half of 2020’s licensing rounds at risk of cancellation, Rystad says
The effect of the COVID-19 pandemic and the ongoing oil price war will likely cause the cancellation of more than half of the world’s planned licensing rounds, according to energy intelligence firm Rystad Energy.
Lundin extends credit line as exploration costs and forex loss creep in
Lundin Energy has secured a further credit commitment to provide the company with further financing flexibility amid expected exploration costs of $28 million and forex loss of $359 million in 1Q 2020.
Dyna-Mac hired to build two upper hull sections for offshore vessel
Singapore’s provider of engineering, fabrication, and construction for the oil and gas industry Dyna-Mac has received an order for the fabrication of two upper hull sections for an offshore vessel.
Hurricane confirms ‘extraordinary productivity’ at Lancaster
Hurricane Energy has confirmed the “extraordinary productivity” of two wells and the reservoir at its Lancaster EPS, located in the West of Shetland area.
Total picks eDrilling for well construction planning technologies
eDrilling, a supplier of AI, machine learning, and predictive analytics solutions to the oil and gas industry, has been awarded a contract by French oil major Total for its well construction planning technologies.
OMV makes new oil and gas discovery offshore New Zealand
OMV has discovered hydrocarbons at an exploration well offshore New Zealand.
Hornbeck Offshore enters into restructuring agreement with lenders
U.S. offshore vessel operator Hornbeck Offshore has entered into a restructuring support agreement for comprehensive balance sheet restructuring.
Spirit taps Three60 for modification and repair services in UK
Energy services group Three60 Energy has won a framework contract to deliver engineering and support services for minor modification and repair services on Spirit Energy’s UKCS assets.
Bristow and Era one step closer to closing merger after clearing antitrust hurdle
Offshore helicopter operator Bristow and its peer Era Group are one step closer to closing their previously announced merger after clearing an antitrust hurdle.
Conrad Petroleum sees uplift in Mako gas field resources
Conrad Petroleum has seen an uplift in its resource estimate on the Mako gas field, part of the Duyung PSC in the West Natuna Basin, offshore Indonesia.
Borr Drilling gets early terminations but also new drilling contracts
Borr Drilling has received notices of early termination for several of its drilling rig contracts, but it has also been awarded new contracts for its rigs.
Saipem takes over lay barge from Solstad Offshore
Norwegian vessel owner Solstad Offshore has delivered its DLB Norce Endeavour lay pipe barge to Italian oilfield contractor Saipem.
Vaalco releases Vantage rig after completing Gabon operations
Houston-based oil and gas company Vaalco Energy has completed workover operations on the South East Etame 2H well offshore Gabon.