Fossil Energy
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.
Shell takes over operatorship of three blocks off Colombia
Oil major Shell has acquired a 50 percent stake in Fuerte Sur, Purple Angel, and COL-5 blocks offshore Colombia from the country’s largest oil and gas company Ecopetrol.
BOEM outlines plan for March oil & gas lease sale in Gulf of Mexico
The Bureau of Ocean Energy Management (BOEM) will offer over 78 million acres for a region-wide lease sale scheduled for March 18, 2020.
Lamprell in digital collaboration pact with Akselos
UAE-based offshore oil rig builder Lamprell and digital twin solutions provider Akselos have signed an exclusive memorandum of understanding to collaborate on digital projects.
VIDEO: Aker BP explores use of robots in offshore oil & gas industry
Norwegian oil and gas operator Aker BP and software company Cognite have entered into a strategic initiative to explore how robotic systems can be used to make offshore operations safer, more efficient, and more sustainable.
Rystad cuts global oil demand growth forecast over coronavirus impact
The coronavirus epidemic in China has triggered restrictions in the country’s public transport and air travel, both at a domestic and an international level, reducing demand for oil.
Aker BP profit jumps on higher revenues and record output
Aker BP increased its quarterly profit as its total income went over $1 billion lifted by record high production.
TechnipFMC prepares for $2.4 billion impairment charge hit in 4Q
Oilfield services provider TechnipFMC expects $2.4 billion of non-cash asset impairment charges to impact its results in the fourth quarter of 2019.
New offshore installation vessel delivered to Island Offshore
Island Offshore has taken delivery of a new offshore installation vessel named Island Victory.
Disappointing results in shallow sections of Karoon’s Peru well
Preliminary results from the shallower sections of Karoon’s Marina exploration well, located offshore Peru, have shown disappointing results, but the work goes on to reach the deeper primary targets.
New gas module to boost production from Fram field
A new gas module that was recently put on stream on the Troll C platform offshore Norway will accelerate and boost production from the Fram field by substantial profitable volumes.
Oceaneering to conduct riserless well intervention for BP off Angola
Oceaneering has been awarded a contract for comprehensive riserless light well intervention services offshore Angola in Blocks 18 and 31 by oil major BP.
Harvey Gulf chief executive to stay on until 2027
U.S.-based marine transportation company Harvey Gulf has signed an agreement with its chief executive officer (CEO) to remain in the role for years to come.
Aquaterra to design offshore platform for Chevron off Angola
Aquaterra Energy, a provider of offshore engineering solutions, has secured a “significant” agreement from Chevron to design and support the installation of the Sea Swift offshore platform solution off the coast of Angola.