Fossil Energy
Tamarind administrators eyeing Tui drilling restart
Administrators of Tamarind’s New Zealand subsidiary have revealed they would be looking to continue the Tui drilling campaign in the Taranaki Basin.
Shelf Drilling reports 3Q loss. Boosts contract backlog
Jack-up drilling company Shelf Drilling saw its third quarterly loss widen, however, the CEO is optimistic about upcoming rig contract beginnings.
New North Sea oil and gas company created by former Faroe boss intends to float
Longboat Energy, a new player created by the former management team of Faroe Petroleum, has announced its intention to proceed with an initial public offering to raise gross proceeds of up to £10 million.
Norway approves ConocoPhillips’ Tor 2 development plan
The Norwegian Ministry of Petroleum and Energy has approved ConocoPhillips’ development plan for the Tor 2 oil field offshore Norway.
Saipem gets another subsea job on ExxonMobil’s Guyana project
Saipem has been awarded a subsea contract by ExxonMobil for the proposed Payara development project located in the Stabroek block offshore Guyana.
Baron Oil in reverse takeover of Singapore-based E&P company
UK-based oil and gas company Baron Oil has made a move to acquire a Singapore-based private E&P company, SundaGas, in a reverse takeover transaction.
UAE’s NPCC expands fleet with 2010-built offshore installation vessel
UAE’s National Petroleum Construction Company (NPCC) has expanded its fleet with the offshore construction vessel Delma 2000.
High industry interest in Zama stake, Premier Oil says
UK oil company Premier Oil has extended the bid deadline for its interest in the giant Zama field offshore Mexico as „to accommodate levels of interest,“ for which Premier says are significant.
JDR to supply cables for wind project to power oil and gas platforms
JDR Cable Systems, part of the TFKable Group, has signed a contract with Equinor for the Hywind Tampen offshore wind farm development.
Swire Pacific to close Swire Seabed’s operations in Bergen
Swire Pacific Offshore will be closing its wholly-owned subsidiary, Swire Seabed, and its three associated companies in Bergen, Norway.
FAR eyes $350 million debt facility for SNE development
Australia-based FAR Limited has made plans to arrange a seven-year debt facility of up to $350 million for the development of the SNE oil field located offshore Senegal.
ADNOC Drilling to buy ‘dozens’ of drilling rigs by 2025
UAE-based ADNOC Drilling will order dozens of drilling rigs by 2025.
IMI names GustoMSC jack-up “IMI-2030”
IMI, a JV company between Lamprell, Saudi Aramco, Bahri, and Hyundai Heavy Industries, has announced the name for the GustoMSC-design jack-up rig which is expected to be built in 2021. The offshore oil and gas drilling rig will be named “IMI-2030.”
Chrysaor exercises option to buy stakes in OKEA’s two Norwegian licenses
Private UK-based oil company Chrysaor’s has exercised an option to buy stakes in OKEA’s Grevling and Storskrymten discoveries offshore Norway.