Fossil Energy
Byron secures funds for Gulf of Mexico platform
Oil and gas company Byron Energy has entered into an agreement to fund the construction of its production platform at SM58 located in the U.S. Gulf of Mexico. Byron said on Wednesday it had signed a binding secured promissory note with Crimson Midstream, a portfolio company of The Carlyle Group, to
Prosafe taps Atlas Professionals for offshore workforce
Offshore accommodation giant Prosafe has tapped Atlas Professionals for the provision of marine personnel outsourcing services.
EnQuest wins operatorship of block offshore Malaysia
EnQuest has been awarded the Block PM409 Production Sharing Contract located offshore Malaysia in partnership with Petronas Carigali by Petronas.
Rever Offshore completes subsea decommissioning ops on Dunlin
Subsea services provider Rever Offshore has completed subsea infrastructure decommissioning of the Greater Dunlin Area in the North Sea for Fairfield Energy.
Motive Offshore forms flowline arm following Pumptech buy
Marine equipment fabrication specialist Motive Offshore has completed the acquisition of Stavanger-based Pumptech for a seven-figure sum.
Neptune dishes out drilling services contracts for North Sea project
Neptune Energy has awarded new drilling services contracts for the Seagull project in the UK North Sea.
Oil leaks from Equinor’s offshore platform only days after marking 40 years of production
Norwegian offshore safety watchdog has launched an investigation into an oil leak from Equinor’s Statfjord A platform located offshore Norway on November 26, 2019.
Norway’s oil fund removes Petrobras from watchlist
Norway’s central bank Norges Bank has revoked „the observation” of the Brazilian oil company Petrobras.
Rystad forecasts bleak outlook if OPEC+ fails to agree on deeper cuts
Barring additional oil production cuts by OPEC in 2020, Norwegian energy intelligence company, Rystad Energy, forecasts a substantial build of global crude stocks and a corresponding drop in oil prices.
Vaalco’s new Etame development well starts producing at higher than expected rate
Vaalco Energy has completed drilling a development well at the Etame field offshore Gabon. Vaalco has placed the well on production at higher than anticipated rate and started drilling another development well on the field.
DeepOcean extends Solstad CSV charter
Offshore installation contractor DeepOcean has decided to extend the contract for Solstad Offshore’s construction support vessel Normand Jarstein.
Santos boosts 2025 production goals
Australian oil and gas company Santos has increased its 2025 production target further to 120 million barrels of oil equivalent (mmboe), more than double 2018’s output.
Siem Offshore secures more work for platform supply duo
Norwegian offshore vessel provider Siem Offshore has been awarded contract extensions for two of its vessels.
Energean makes net-zero emissions pledge
Greek oil company Energean has pledged to become a net-zero emissions company by 2050.