Fossil Energy
Karoon to give up its exploration permit in Great Australian Bight
Karoon Gas has decided to ditch its exploration permit located in the Great Australian Bight area offshore Australia thus joining oil majors Chevron and BP who had previously abandoned their Bight permits.
Northern Drilling sees improvement in harsh environment market demand visibility
Northern Drilling is seeing an improvement in demand visibility for the harsh environment drilling rigs, which is supportive of continued recovery and further rate increase in the market.
No one in Brazil is keen on OPEC diet, Rystad says
At an October forum in Saudi Arabia, Brazil’s president Jair Bolsonaro suggested that he would like to see Brazil join OPEC. If such a marriage were to come to fruition, OPEC would be the clear winner and Brazil the loser by a long shot, Rystad Energy said.
Offshore safety watchdog launches investigation into Heimdal incident
Norwegian offshore safety watchdog has launched an investigation into a serious work accident on the Equinor-operated Heimdal field in the North Sea on November 28, 2019.
Northern Drilling in dispute with South Korean yard over canceled drillship
Offshore drilling contractor Northern Drilling and South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) are in dispute over a canceled drillship order.
PetroRio buys remaining stake in Frade field for $100 million
Brazil’s state-owned Petrobras has signed a contract with PetroRio for the sale of 30% stake in the Frade concession, located in the Campos Basin, north coast of the state of Rio de Janeiro for $100 million. Currently, PetroRio holds 70% interest of Frade’s concession. The company previously bought
Offshore safety body spots irregularities on Gina Krog
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found irregularities during an audit of Equinor’s Gina Krog platform.
Two Equinor workers injured in serious incident in North Sea
Two Equinor employees were injured in a serious work-related incident on board the Heimdal platform in the North Sea on Thursday 28 November.
Consent for ConocoPhillips to use West Linus rig on Tor
Oil major ConocoPhillips has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for production drilling on the Tor field using the West Linus drilling rig.
Norway employs West Hercules rig to find dry well for CO2 storage
Equinor, Shell, and Total have begun drilling the 31/5-7 Eos wildcat well to investigate whether the reservoir in the deep Johansen Formation was suitable for storage of carbon dioxide (CO2) as part of the Northern Lights project.
Shares in new North Sea ‘investing company’ start trading on London market
Shares in Longboat Energy, a new North Sea player created by the former management team of Faroe Petroleum, started trading on the London’s AIM market on Thursday.
i3 Energy wraps up this year’s drilling program with ‘very large oil field’ potential
i3 Energy has concluded its 2019 drilling program in the UK North Sea with all three wells drilled within budget. i3 will now prepare for a multi-well appraisal planned for the summer of 2020.
With drilling plans on track, BPC to enable local investment
Bahamas Petroleum Company (BPC) has decided to develop and implement a Bahamas-based mutual investment fund with the aim of owning BPC shares.
Serica taps Babcock for offshore helicopter transport services in North Sea
Babcock has confirmed a new three-year contract to provide oil and gas company Serica Energy with offshore helicopter crew transport services.