Fossil Energy
Subsea 7 profit and revenues down on lower pricing and activity levels
Subsea 7 saw a decrease in revenues in the third quarter of 2019 due to lower activity levels in the Renewables and Heavy Lifting business and a smaller profit due to lower pricing and competitive market environment.
POSH Endurance vessel hired for Brunei work
Singapore’s offshore vessel operator Pacc Offshore Services Holdings has found work for its offshore vessel POSH Endurance. In its quarterly results report earlier this week, the company also known as POSH said that the contract for the POSH Endurance unit was signed in October. POSH, which has this
Rystad: 2019 shaping up to be Norway’s best exploration year since 2014
Equinor on Wednesday announced an oil and gas discovery near the Fram field in the North Sea off Norway. Energy intelligence firm Rystad Energy has said that this has been the best year for discoveries on the Norwegian Continental Shelf since 2014.
Island Drilling firms up North Sea deal with Cairn
Island Drilling Company has signed a contract with Capricorn Norge, a subsidiary of Cairn Energy, for operations in the North Sea offshore Norway.
Abu Dhabi climbs to sixth place in global oil & gas reserves ranking
Abu Dhabi has become the world’s sixth-largest nation by oil and gas reserves, Abu Dhabi’s Supreme Petroleum Council announced at a meeting earlier this week. The SPC announced increases in the country’s hydrocarbon reserves of 7 billion STB of oil and 58 TSCF of conventional gas, moving the UAE fro
Brazil set to reap billions from ‘mega’ oil auction
Brazil is set to hold what has been described as a ‘mega-bidding round’ on Wednesday. In the licensing round for the offshore areas in the ”transfer of rights” (TOR) areas oil companies will be bidding for ownership in Buzios, Sepia, Atapu, and Itapu oil fields. The Transfer of Rights area round dif
Masirah hires Foresight rig for Oman well
Masirah Oil has awarded a drilling rig contract to Foresight Offshore Drilling to use one of its jack-up rigs for an appraisal well in Block 50 in Oman.
Equinor extends Solstad Offshore vessel trio charters
Norwegian oil and gas company Equinor has extended contracts for three offshore vessels – one AHTS and two PSVs – of Solstad Offshore. Solstad Offshore said Wednesday that Equnior had awarded a new one-year contract for the anchor handling vessel (AHTS) Normand Ferking. The oil and gas company will
Pacific Drilling finds work for two drillships
Offshore drilling contractor Pacific Drilling has secured more work for a drillship working in the Gulf of Mexico and a new deal for a drillship in Oman.
OKEA’s Skumnisse well comes up dry
The company said Tuesday that well will now be permanently plugged and abandoned as a dry well.
UK approves decommissioning plan for subsea facilities on MacCulloch field
UK authorities have approved the decommissioning plan for the subsea infrastructure and associated infield pipelines on the Chrysaor-operated MacCulloch field, located in the UK North Sea.
Equinor hits oil and gas near Fram field in North Sea
Equinor has discovered oil and gas in exploration well Echino South, 35/11-23, by the Fram field in the North Sea.
Borr Drilling chief financial officer to step down
The chief financial officer of offshore drilling rig contractor Borr Drilling has decided to step down.
Former TGS CEO becomes Shearwater chairman
Norway’s seismic vessel fleet owner Shearwater GeoServices has named a new chairman of the company’s board of directors.