Fossil Energy
ADNOC awards deals worth $1.65 billion to Petrofac
Petrofac Emirates has been awarded two contracts, together worth around $1.65 billion with Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates.
Solstad terminates charters for three laid up anchor handlers
Norwegian offshore vessel operator Solstad Offshore has terminated bareboat charter agreements for three anchor handlers owned by SFL Corporation. The vessels have been in lay-up since 2016. Solstad Offshore said on Tuesday that the company and SFL Corporation had agreed to terminate the bareboat ch
Transocean books loss, but sees improving longer-term market fundamentals
Transocean has booked a loss for the last quarter of 2019 as its revenues increased. The company has reduced the loss sequentially and year-over-year helped by gain on termination of construction contract, tax items, and disposal of assets
First gas from Sole field to plant expected later in February
Cooper Energy expects first gas from the Sole field, located offshore Australia, to flow to an onshore plant later this month while the full rate production is expected in March 2020.
Equinor hires two platform suppliers from Skansi Offshore
Faroe Islands-based offshore vessel operator Skansi Offshore has won two contracts from Norwegian oil major Equinor for two platform supply vessels (PSVs).
Oil firms to splash billions on Guyana’s Stabroek block, Rystad says
Recent discoveries in the Guyana-Suriname basin have proven a wider petroleum system and may cause an upgrade in resource estimates, drawing extra attention to upcoming wells, Rystad Energy has said.
Shell and i-Tech 7 team up to accelerate subsea digitalization
i-Tech 7, Subsea 7’s life of field business unit, and Shell have entered into a collaborative technology agreement to accelerate subsea digitalization.
PGS enters digital transformation pact with Cognite
Norwegian seismic services provider Petroleum Geo-Services (PGS) has entered into an agreement with software company Cognite to reduce vessel operating costs and improve efficiency.
Transocean’s contract backlog tops $10 billion
Transocean has secured more work for its fleet of offshore drilling rigs and brought its total contract backlog to over $10 billion.
Investigation launched after North Sea rig crane collapse
An investigation has been launched into an incident on a Valaris-owned jack-up drilling rig, currently working for Chrysaor in the North Sea, following an incident involving the rig’s crane.
Eni hits new oil find offshore Mexico
Eni has made a new oil discovery on the Saasken Exploration Prospect in Block 10, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico.
Borr makes new financing arrangement for newbuild jack-up rig
Offshore drilling contractor Borr Drilling has entered into a new financing arrangement for the newbuild jack-up rig Tivar.
Karoon comes up dry in Peruvian offshore well
Australia’s Karoon Gas has failed to find oil in the Marina‐1 exploration well, located in Block Z‐38 Tumbes Basin offshore Peru.
Byron’s Gulf of Mexico well pay above pre-drill expectations
Oil and gas company Byron Energy has hit pay in the South Marsh Island Block 71 F4 well in the Gulf of Mexico.