Fossil Energy
Reach Subsea sees ‘unprecedented level of visibility’
Reach Subsea has been awarded several contracts and call-offs under frame agreements for 2020 execution, representing about 200 project days.
Well-Safe taps Schlumberger for well services in North Sea
Well-Safe Solutions has awarded a “significant work scope” to Schlumberger for the provision of plug and abandonment well services in the North Sea.
Kvaerner profit dips despite higher revenues
Kvaerner saw its profit drop in the last quarter of 2019 compared to the prior-year period despite increase in revenues.
Prosafe and Floatel give up on merger plans amid financial uncertainty
Prosafe and Floatel have decided to abandon their merger plans amid financial uncertainty and regulatory objections.
Equinor awards new charter deals to Norwegian platform suppliers
Equinor has awarded charter contracts to two platform supply vessels owned by Eidesvik and Havila Shipping.
Providence to return APEC’s Barryroe stake to original owners
Irish oil and gas company Providence Resources has started the regulatory process of transferring APEC’s 50 percent equity in the Barryroe license back to its original owners.
Creditors vote in favor of Premier’s North Sea deal despite objections
Premier Oil has gained approval from the majority of its creditors for the schemes of arrangement required for the acquisition of North Sea assets from BP and Dana Gas. The schemes still remain subject to a court approval.
Neptune Energy enters new offshore license in Egypt
Neptune Energy has signed an operated exploration license with the Egyptian General Petroleum Corporation (EGPC) for Egypt’s North West El Amal offshore concession.
BP to make major organization changes in push to reach net zero by 2050
Oil major BP has set a new ambition to become a net zero company by 2050 or sooner, and to help the world get to net zero.
Kosmos pens Greater Tortue Ahmeyim LNG supply deal with BP
Oil and gas company Kosmos Energy, along with its partners, has signed an LNG supply deal with a subsidiary of BP for volumes from the Greater Tortue Ahmeyim Phase 1 project.
CNOOC starts production from oilfield in Bohai Sea
CNOOC Limited has started production from the Bozhong 34-9 oilfield located offshore China.
Pacific Drilling to appeal $320 million arbitration award to Samsung Heavy
Pacific Drilling has filed an application with the High Court in London for leave to appeal the decision issued in arbitration proceedings with Samsung Heavy Industries (SHI) regarding the construction contract of the Pacific Zonda drillship.
Noble seals new deal with ExxonMobil for Guyana-Suriname rigs
Noble Corporation and ExxonMobil have announced the execution of a unique commercial enabling agreement for drilling services in the Guyana-Suriname Basin.
ConocoPhillips hits dust in North Sea well
ConocoPhillips has concluded the drilling of a wildcat well near the Balder field in the North Sea, offshore Norway. The well is dry.