Fossil Energy
U.S. weekly offshore rig count in sharp drop
The number of offshore rigs in the U.S. dropped to 19 units last week, according to weekly rig count reports on Friday by Baker Hughes Company.
Popular news, March 9 – 15, 2020
Offshore Energy Today’s most popular news of the past week.
Equinor cleared to drill wildcat well in North Sea
The Norwegian Petroleum Directorate (NPD) has given Equinor a drilling permit related to the drilling of a wildcat well in the North Sea.
Siem Offshore’s PSV to support Lundin’s 10-well drilling campaign
Norwegian shipping company Siem Offshore has been awarded a charter contract by Swedish oil company Lundin for one of its platform supply vessels (PSVs).
Husky defers two offshore projects after taking an ax to capital spending
Husky Energy has decided to cut its 2020 capital spending by $900 million in upstream spending and an additional $100 million in additional measures.
Dutch offshore contractor closes HQ to prevent coronavirus spread
Dutch offshore contractor Heerema Marine Contractors is closing its office in the Netherlands to prevent the spread of the coronavirus. HMC said on Friday that the Dutch government had issued guidance to slow down and prevent the spread of COVID-19 (Coronavirus). In response, Heerema Marine Contract
Delays in Bahamas well plans over coronavirus spread
Bahamas Petroleum Company has decided to postpone the drilling of the Perseverance #1 well due to the ‘rapidly unfolding impact’ that the coronavirus is having on operations.
Premier Oil mulls reduction in capex program amid oil price volatility
In light of the current market volatility, Premier Oil is looking into its ability to reduce the capex program for 2020 with the possibility to save at least $100 million.
Repsol Sinopec files decommissioning plans for North Sea field duo
Repsol Sinopec Resources has filed its draft decommissioning plans to the UK authorities for the Buchan & Hannay fields located in the UK North Sea.
Noble Energy sharply reducing capital expenditures
In response to the current global macroeconomic and commodity outlook, Noble Energy has announced its decision to reduce its 2020 expenditure guidance by $550 million.
McDermott gets approval for reorganization plan
The U.S. Bankruptcy Court for the Southern District of Texas has confirmed McDermott’s plan of reorganization and approved the sale of Lummus Technology to a joint partnership between The Chatterjee Group and Rhône Capital. McDermott filed for Chapter 11 bankruptcy in late January 2020 to eliminate
Chevron closes sale of gas project in Philippines
Udenna Corporation has completed the acquisition of Chevron’s interest in Service Contract 38 in the Philippines, also known as the Malampaya natural gas project.
NOPSEMA starts assessing Beach Energy’s Otway pre-drilling program
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has begun an assessment of Beach Energy’s proposed Otway development pre-drilling anchoring program.
Archer agrees extension of debt facilities with lenders
Archer has secured a consensual amendment and extension of its debt facilities with all the lenders to the company.