Fossil Energy
Petrobras lowers five-year capex to $75.7B. Most of it focused on pre-salt
Brazilian oil company Petrobras plans to invest $75.7 billion over the next five years, sell up to $30b worth of assets, boost production, and add to its decarbonization efforts.
Solstad secures several jobs for its vessels
Norwegian offshore vessel owner Solstad Offshore has been awarded several contracts in the Middle East and Mediterranean.
PetroNor, YFP setting up JV to manage Aje development
Oslo-listed oil firm PetroNor has signed an investment agreement with Nigeria’s Yinka Folawiyo Petroleum YFP setting a path forward for the future development of the YFP-operated Aje field in Nigeria’s OML 113 offshore license. The two companies will create a joint venture firm named Aje Petroleum t
Solstad adds more work for Normand Tonjer vessel
Norwegian offshore vessel owner Solstad Offshore has won a contract extension for its 56 percent-owned Normand Tonjer vessel.
Mubadala fails in primary target of second Manora exploration well, gives up on third
No significant hydrocarbon shows were encountered in the primary objective of Mubadala Petroleum’s second exploration well at the G1/48 Manora oil field located in the Northern Gulf of Thailand.
Sapura nabs $147 million in E&C and drilling contracts
Contracts secured in Malaysia, Mozambique, and Brazil
Neptune closes deal with Eni for acreage offshore Indonesia
Eni and Neptune Energy have completed the transfer of a 20% participating interest in the East Sepinggan area out of Eni’s share to Neptune Energy.
Apply inks engineering and management deal with DNO in Norway
Norwegian oil company DNO has awarded compatriot engineering company Apply a long-term contract for engineering and management support related to its activities on the Norwegian Continental Shelf (NCS).
Court bans Greenpeace from boarding Shell’s North Sea installations
Oil major Shell has won a court order against Greenpeace aimed at preventing environmentalists from boarding the company’s oil installations in the North Sea.
EMGS CFO steps down to join Norwegian media group
Chief financial officer of Norwegian offshore survey company Electromagnetic Geoservices (EMGS) has opted to resign from her position.
ExxonMobil, EnQuest hire Stena drillship and semi-sub
Offshore drilling contractor Stena Drilling has recently signed drilling contracts for the Stena Don and the Stena DrillMax rigs.
Noble buys Shell’s interest in two drillship JVs as Shell exits drilling contract
Noble has completed the previously disclosed transaction with Shell relating to the two joint ventures in which Noble and Shell each held a fifty percent interest.
Santos in talks to farm out Beehive stake ahead of farm-in
Beehive is a prospect with 388 million barrels of oil equivalent of prospective resource
Semco Maritime to upgrade Odfjell rig ahead of Total gig
Odfjell Drilling and Semco Maritime have signed a contract for preparation and modification of Deepsea Stavanger rig prior to its start of a nine-month drilling campaign for Total in the harsh waters outside South Africa.