Fossil Energy
Petrofac bags two new North Sea deals
Petrofac has secured two new framework agreements for the provision of engineering, procurement, construction, and commissioning (EPCC) services.
Velesto to provide jack-up rig for Mubadala’s Pegaga campaign
Velesto Drilling has been awarded a contract by UAE-based Mubadala Petroleum for the provision of a jack-up drilling rig for Pegaga development drilling campaign offshore Malaysia.
Subsea 7 gets Ærfugl job from Aker BP
Subsea 7 has been awarded a sizeable contract by Aker BP for the Ærfugl Phase 2 gas field development, located approximately 210km west of Sandnessjøen in the Norwegian Sea.
Norwegian oil output in November over 13 pct higher than NPD’s forecast
Norwegian oil production during November 2019 was significantly higher than the Norwegian Petroleum Directorate predicted, according to the directorate’s report on Thursday.
Aker BP orders another subsea production system for Ærfugl from Aker Solutions
Aker Solutions has been awarded a contract from Aker BP to deliver the subsea production system for the second phase of the Ærfugl development offshore Norway.
UOG closes sale of North Sea blocks to Hibiscus
United Oil & Gas has completed the sale of the North Sea Blocks 15/18d and 15/19b (License P2366) to Hibiscus for a headline consideration of up to $5 million.
Audit finds emergency preparedness issues on Transocean rig
Norwegian offshore safety watchdog has found 11 non-conformities related to the working environment and emergency preparedness following an audit on the Transocean Endurance rig.
Rystad: Energy projects with breakeven prices above $60 risk being uncommercial
Energy projects that need oil prices above $60 per barrel in order to break even risk being uncommercial going forward, according to Rystad Energy. However, massive investments in exploration and sanctioning are still needed to meet growing global demand.
French banks takeover offer for Bourbon ‘would lead to liquidation and total loss for shareholders’
If the court were to favor an offer by a group of French banks it would lead to the liquidation of the listed company Bourbon Corporation and a total loss for shareholders and bondholders.
Archer eyes new North Sea contract for modular rig
Archer has entered into a Letter of Intent with a North Sea operator for the provision of drilling services using the modular drilling rig Archer Topaz.
Springfield reveals Ghana discovery volumes
Springfield and its partners have officially announced significant oil discovery following its maiden Afina-1 well drilling campaign in the West Cape Three Points Block 2, offshore Ghana.
Wison kicks off construction for Arctic LNG 2 project
Wison Offshore & Marine started the fabrication for Novatek’s Arctic LNG 2 Project at its Zhoushan Yard in China on November 29, 2019.
PTTEP takes Energy Drilling’s rig for Thai drilling
Singapore’s Energy Drilling has been awarded a contract by PTTEP to provide drilling services on the Arthit field in Gulf of Thailand.
Wood to modify Equinor’s platforms for floating wind project
Wood has been awarded a new contract by Equinor to deliver modifications to two offshore installations in the Norwegian North Sea to connect electric power from floating wind turbines that form part of the Hywind Tampen development.