Fossil Energy
Unique Group expands in Australia with new acquisition
Unique Group has announced the acquisition of the Australian-company Western Advance’s Marine Division and appointment of Chris Forde as its new regional vice president.
Popular news, February 3 – 9, 2020
Offshore Energy Today’s most popular news of the past week.
January’s worldwide offshore rig count drops sequentially, but up 2 rigs year-over-year
The worldwide offshore rig count in January 2020 has dropped by 14 units sequentially but rose by two units year-over-year, according to a rig count report by Baker Hughes Company.
Aker Solutions books loss despite higher revenues
Aker Solutions sank to a quarterly loss despite a 6% increase in revenues, but the company expects an increase in global energy demand in the long-term.
Fugro begins site survey for i3 Energy’s upcoming drilling program
Dutch geophysical services provider Fugro has started a site survey for i3 Energy’s planned 2020 drilling program in the UK North Sea.
Noble Corporation finds work for its offshore rigs
Offshore drilling contractor Noble Corporation has secured more work for its offshore drilling rigs in Myanmar and Trinidad.
Total boosts quarterly profit despite lower price environment
French oil major Total booked an increase in quarterly profit despite a lower price environment as its production grew during the period fueled by new project startups and rampups.
Ulstein converts Heerema’s ‘Aegir’ to offshore heavy lift vessel
Norwegian shipbuilder and designer Ulstein has completed the conversion of Heerema’s deepwater construction vessel Aegir to a dedicated offshore heavy lift vessel.
Saipem clinches new batch of offshore contracts worth $500 million
Italian oilfield contractor Saipem has been awarded several EPCI contracts in various countries around the world worth over $500 million.
Africa Oil to become operator of offshore block in South Africa
Azinam Limited, the Seacrest Capital-backed oil & gas exploration company, has completed a farm out of 20 percent participating interest in Block 3B/4B Orange Basin, offshore South Africa, to Africa Oil.
Petrobras charters AET’s newbuild shuttle tanker trio
AET Tankers, a subsidiary of Malaysia’s maritime solutions and services provider MISC Berhad, has been awarded long-term time charter contracts from Brazilian oil major Petrobras.
Havyard outsources construction of Atlantic Towing’s PSV to Kleven
The Norwegian shipbuilder Havyard has outsourced the construction of a newbuild platform supply vessel (PSV) for Canadian shipping company Atlantic Towing to Kleven.
Equinor slips to quarterly loss due to impairment charges
Equinor’s financial performance in 4Q 2019 was impacted by lower oil and gas prices and impairments despite record production during the period.
SembMarine in talks with buyer to complete two rigs following Sete Brasil settlement
Sete Brasil and Sembcorp Marine have fulfilled all conditions precedent for a settlement regarding contracts for the construction of seven drillships to become effective and Sembcorp Marine is now in talks with a buyer for the completion of two drillships.