Fossil Energy
Kazakhstan-based player to buy Caspian Explorer drilling vessel
Caspian Sunrise, an oil and gas company with a focus on Kazakhstan, has decided to buy the Caspian Explorer drilling vessel for $25 million.
Total delays South African well spud
French oil major Total will drill the Luiperd-1 well, located in Block 11B/12B offshore South Africa, in the second quarter of 2020, instead of its initial plan for the first quarter of the year. Total is the operator and has a 45% interest in Block 11B/12B, while Qatar Petroleum and CNR Internation
Bad weather defers rig arrival to Byron’s well
Enterprise Offshore Drilling’s EOD 264 jack-up drilling rig has completed operations for the current operator. However, the rig cannot be safely towed to Byron Energy’s SM71 F platform due to bad weather conditions in the Gulf of Mexico.
BP chooses replacement as CFO decides to retire
British oil major BP has named a new chief financial officer (CFO) following the decision by the current CFO to retire from the company and step down from the BP board on June 30, 2020.
Tullow gets one-year extension for license off Namibia
Oil and gas company Tullow Oil has received a one-year extension for the Second Renewal Exploration Period on PEL 37 offshore Namibia.
Shell farms into Egdon’s license duo offshore UK
Shell has signed a farm-in agreement to acquire 70 percent of Egdon Resources’ P1929 and P2304 licenses offshore the UK.
Eni and ADNOC to collaborate on carbon capture utilization and storage program
ADNOC has signed a strategic framework agreement with Italy’s energy company, Eni, to explore new opportunities for collaboration in carbon capture utilization and storage.
GMS lands five-year contract for maintenance services
Gulf Marine Services (GMS) has been awarded a five-year contract for maintenance services as an enhanced extension to an existing vessel contract.
Australian regulator reassessing BP’s Ironbark environment plan
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has begun reassessing BP’s Ironbark-1 exploration drilling environment plan.
Premier preparing logistics base for drilling operations in Brazil
APM Terminals has entered into a partnership with Brasco, a Wilson Sons Group company, to set up a logistics base in Brazil to support Premier Oil’s drilling operations on Block 717.
Report: McDermott may file for bankruptcy as soon as next week
U.S. engineering and construction services company McDermott International could be filing for bankruptcy over the course of this week.
FAR secures $300 million credit for Sangomar development
Australia’s FAR Limited has received final credit approvals for an underwritten $300 million senior secured reserve-based lending facility for the Sangomar field development offshore Senegal.
ADES secures second jack-up extension in two weeks
ADES International, an oil & gas drilling and production services provider in the Middle East and North Africa (MENA), has secured a contract renewal for the Admarine 261 jack-up rig in Saudi Arabia.
Maersk Drilling scores two-well drilling extension with Aker BP
Danish offshore drilling contractor Maersk Drilling has been awarded a two-well contract extension from Aker BP for the Maersk Integrator low-emission rig.