Fossil Energy
ADNOC on track to boost oil production to 4 million bpd
UAE’s oil and gas company ADNOC is on track to increase its crude oil production capacity to four million barrels per day by the end of this year.
Zenith passes ‘major hurdle’ in acquisition of AAOG Congo
Shareholders of Anglo African Oil & Gas (AAOG) have approved the sale of an 80 percent stake in its subsidiary Anglo African Oil & Gas Congo to London-listed oil firm Zenith Energy.
U.S. weekly offshore rig count down third time in a row
The number of offshore rigs in the U.S. dropped for the third time in a row, according to weekly rig count reports released by Baker Hughes on Friday, January 10.
TGS inks deal with Google Cloud, names new SVP of imaging
Norwegian seismic player TGS has named a new senior vice president of imaging and signed an agreement with Google Cloud for cloud-based on-demand computation power.
Three60 to deliver engineering services for Neptune’s UK assets
Energy services group Three60 Energy has won a framework contract to deliver engineering and support services for Neptune Energy’s UKCS portfolio.
Ex-Equinor man to join OKEA as new SVP of Project and Technology
OKEA has named a new Senior Vice President of Project and Technology.
Popular news, January 6 – 12, 2020
Offshore Energy Today’s most popular news of the past week.
Westwood: Appetite for finding oil not diminishing despite energy transition talks
The energy transition and extinction rebellion led the energy news agenda and discussions in company boardrooms in 2019, but the impact on exploration drilling is not yet apparent, according to market research provider Westwood Global Energy Group.
Equinor to pay $188 million to COSL after settling rig dispute
Offshore drilling contractor COSL has reached an agreement with Equinor in a dispute related to the validity of the termination of drilling rig contracts.
Subsea 7 to net up to $750 million for Sangomar job
Woodside has awarded a very large contract to Subsea Integration Alliance, between Subsea 7 and Schlumberger’s OneSubsea, for the Sangomar Field Development Phase-1 project located in the Sangomar Offshore and Sangomar Offshore Deep oil blocks, offshore Senegal.
Noble Energy takes Maersk drillship for Colombian well
Maersk Drilling has been awarded a contract for the 7th generation drillship Maersk Valiant which will be employed by Noble Energy for a one-well campaign offshore Colombia.
Stena drillship arrives in Peru ahead of Karoon well
Karoon Energy has said that the Stena Forth drillship has arrived in the Port of Callao Lima Peru ahead of drilling the Marina-1 exploration well located in Block Z-38 Tumbes Basin, Peru.
Rystad: Exxon’s Guyana finds push oil & gas discoveries to four-year high in 2019
The world’s oil and gas explorers have discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015, according to estimates by energy intelligence firm Rystad Energy.
Woodside sanctions Sangomar development off Senegal
The Sangomar Field Development Phase 1 has been approved by the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore joint venture and has entered the execute phase of activities.