Fossil Energy
Aker BP gains consent to use Odfjell rig for Nidhogg well
Norwegian E&P player Aker BP has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for exploration drilling in the Norwegian Sea using the Deepsea Nordkapp rig.
Prosafe not giving up on Floatel merger
Offshore accommodation specialist Prosafe will not give up on its proposed merger with rival Floatel following recent rejection by the Norwegian competition authority.
Carigali Hess charter Velesto jack-up on a 3-year contract
Malaysian offshore drilling company Velesto Drilling has scored a contract with Carigali Hess for the provision of a jack-up rig.
Senegal includes disputed offshore block in licensing round
Senegalese authorities have included the disputed Senegal Offshore Sud Profond (SOSP) block in a recently launched licensing round covering all open offshore blocks in the country.
Shell buying French floating wind farm developer
Oil and gas major Shell is buying EOLFI, a French company specializing in floating wind farm project.
Polarcus returns to profit in 3Q
Seismic services provider Polarcus returned to profit in the third quarter of 2019 on the back of improved pricing and operational performance. Polarcus said on Tuesday it had recorded revenues of $103.4 million, an increase of 19% compared to 3Q 2018 and revenues of $87 million, driven by the incre
Prosafe loss widens on impairment charges
Offshore accommodation specialist Prosafe posted a net loss of $360 million in the third quarter of 2019, compared to a loss of $118 million a year ago.
New CFO elected at McDermott
McDermott has appointed Chris Krummel as Executive Vice President, Chief Financial Officer, effective immediately.
Santos agrees to acquire stake in Melbana’s Beehive. Total passes
Australian oil firm Santos has exercised an option to acquire a 40 interest in Melbana’s Beehive permit offshore W. Australia. France’s Total, which also had an option to farm-in, has decided not to proceed with an acquisition.
Impairments drag McDermott into the red
McDermott reported a loss for the third quarter of 2019 compared to a profit in the same period last year mostly due to charges of $1.5 billion related to impairment.
GMS secures four-year deal in Middle East
Gulf Marine Services has been awarded a four-year contract for a K-Class (Small) vessel in the Middle East.
Sparrows scores $71 million worth of deals in UAE
Sparrows Group has doubled the size of its operations in the United Arab Emirates after securing £55 million ($71M) in contracts over the past three months.
No oil at Kosmos’ Moneypenny well in Gulf of Mexico
Kosmos Energy has failed to find oil at its Moneypenny prospect in the U.S. Gulf of Mexico.
Cash offer ahead for Singapore’s offshore support vessel operator POSH
Quetzal Capital has announced a voluntary conditional cash offer for all of the issued and outstanding ordinary shares of Singapore’s offshore support vessel operator PACC Offshore Services Holdings (POSH).