Fossil Energy
McDermott shares soar after gaining access to financing
U.S. engineering and construction services company McDermott has gained access to $350 million in financing under its super-priority senior secured credit facility, which sent its shares soaring on Monday.
Havyard chief executive officer leaves
Chief executive officer of Norwegian shipbuilder Havyard has agreed to a mutual termination of his employment contract.
Apache decides to drill deeper at its first Suriname well
Apache Corporation has decided to drill even deeper at its first exploratory well in Block 58 offshore Suriname.
KCA Deutag lands five-year contract on three UK North Sea platforms
KCA Deutag has been awarded a five-year contract extension by CNR International for three platforms in the UK North Sea.
Red Emperor mulling acquisition of large offshore block in Australia
Shares of Australia-based Red Emperor Resources spiked on Monday after the company signed a binding letter of intent to secure an option over an interest in a large offshore block in the shallow waters of the North Perth Basin, Western Australia.
Spirit Energy’s new North Sea gas discovery at ‘lower end of expectations’
Spirit Energy has proved a natural gas discovery in the targeted Carboniferous sandstones of its Andromeda North well located in the UK North Sea, but the discovery is at the “lower end of expectations.”
Sixth extension for Yinson FPSO in Vietnam
Malaysian FPSO provider Yinson has agreed to yet another short-term extension for its FPSO PTSC Lam Son, offshore Vietnam. The company’s Vietnam JV PTSC AP on November 29 signed a sixth addendum to the interim contract with PTSC to extend the tenure contract for a period of one month starting Decemb
Equinor modifies Great Australian Bight plan, Australian regulator resumes assessment
Australian offshore oil and gas safety regulator NOPSEMA has resumed its assessment of Equinor’s environment plan for the Great Australian Bight drilling.
MMHE bags two jobs offshore Malaysia
Malaysia Marine and Heavy Engineering Holdings Berhad’s subsidiary, Malaysia Marine and Heavy Engineering (MMHE), has secured a contract from Petronas Carigali and another one from Hess for projects located offshore Malaysia.
Equinor takes over Wisting discovery operatorship from OMV
Austrian OMV has agreed to transfer its operatorship of the Wisting oil discovery in the Barents Sea to Equinor for the development phase. OMV made the discovery offshore Norway in 2013.
Hurricane Energy: Light oil discovery at Warwick West
Hurricane Energy has made an oil discovery at its Warwick West well in the West of Shetland region.
Premier kicks off first production from gas project offshore Indonesia
Premier Oil has achieved first gas from its operated Bison, Iguana and Gajah Puteri (BIG-P) project in the Natuna Sea Block A offshore Indonesia.
Popular news, November 25 – December 1, 2019
Offshore Energy Today’s most popular news from the past week.
Heimdal incident: Condition of one worker ‘serious but not life-threatening’
The condition of one of the employees who were injured in yesterday’s work-related incident on Heimdal is serious but not life-threatening, Equinor informed on Friday afternoon.