Fossil Energy
Telford restructures balance sheet amid challenging offshore services market
Telford Offshore has restructured its balance sheet and boosted its order book, providing a more stable platform for the company in the challenging offshore services market.
Keppel delivers fifth jack-up rig to Borr Drilling
Singapore’s offshore rig builder Keppel Offshore & Marine has made its first rig delivery in 2020.
Sangomar partners ink investment decision for Senegal project
Woodside, along with its joint venture partners Cairn and FAR, has signed a joint Final Investment Decision statement, in agreement with Petrosen and the Government of Senegal, for the Sangomar offshore field development.
FAR in talks for $300 million credit for Sangomar
Australia’s FAR Limited has made progress in securing funds for its share of the Sangomar field development located offshore Senegal.
Aker Solutions eyes 5-year brownfield services contract
Aker Solutions is participating in a joint venture that has been issued a letter of award to provide offshore maintenance and modification services to an undisclosed client.
Tower Resources gets more time at Thali block off Cameroon
Oil and gas company Tower Resources has been awarded a one-year extension to the initial period of the exploration phase on the company’s Thali license offshore Cameroon.
Aker Solutions wins FEED job for electrification of Troll platforms
Equinor has awarded Aker Solutions a front-end engineering and design contract (FEED) for topside modifications to accommodate power from shore at the Troll B and C platforms located offshore Norway.
Senegal to offer 12 blocks in new licensing round at end of January
Senegal’s Ministry of Petroleum and Energy will launch the 2020 Senegal Licensing Round with an opening event on January 28, 2020, in Dakar.
Havila scoops two new offshore vessel deals
Norwegian shipping company Havila Shipping has secured contracts for two of its offshore vessels.
Equinor cleared to use ‘Island Wellserver’ for well intervention in 2020
Norwegian oil major Equinor has received consent from the Petroleum Safety Authority (PSA) to use the Island Wellserver vessel for well intervention in 2020.
Oil and gas industry entering new offshore investment cycle, Rystad says
A strong 2019 provided telltale signs that the industry was entering a new offshore investment cycle, stated Espen Erlingsen, head of upstream research at Rystad Energy.
Equinor, Vår Energi, and Aker BP biggest winners in Norway’s latest offshore round
Three Norwegian oil and gas majors – Equinor, Vår Energi, and Aker BP – have been awarded the largest number of new offshore production licenses as part of Norway’s latest licensing round, the APA 2019.
Norway offers 69 offshore production licenses to 28 oil and gas companies
The Norwegian Ministry of Petroleum and Energy has offered 69 production licenses on the Norwegian continental shelf to 28 oil and gas companies as part of the Award in Pre-Defined Areas 2019.
Prosafe misses final payment to Cosco amid talks with lenders
Prosafe has missed its final payment to China’s Cosco shipyard for the Safe Notos flotel amid talks with lenders meant to secure financial flexibility for the longer term.