Fossil Energy
Saudi Aramco to proceed with possibly world’s largest IPO
The IPO could be a record-breaking one, surpassing Alibaba’s 2014 $25B IPO
Hungarian player enters BP’s ACG field in Azerbaijan
Hungarian oil and gas company MOL has signed an agreement with Chevron to acquire its non-operated E&P and midstream interests in Azerbaijan for total consideration of $1.57 billion.
Israel-Egypt gas pipeline transaction set for completion
U.S. company Noble Energy and Israel’s Delek, and Egypt’s EGAS are nearing the completion of the acquisition of a gas pipeline linking Israel and Egypt, which will serve as a transport route for gas from Israel’s Tamar and Leviathan offshore gas fields to Egypt.
Kosmos strikes oil offshore Equatorial Guinea
Oil and gas company Kosmos has made an oil discovery at its S-5 well offshore Equatorial Guinea.
Conrad spuds second Tambak well offshore Indonesia
Conrad Petroleum has started drilling the Tambak-1 well located in the Duyung PSC in the Natuna Sea offshore Indonesia, using the Asian Endeavour-1 jack-up rig.
Falkland Islands gov’t extends offshore license containing Sea Lion oil field
The Falkland Islands government has granted an extension for the PL032 Discovery Area offshore license containing the Sea Lion oil discovery discovered by Rockhopper in 2010.
Energean cheers success at Karish North appraisal
Greek player Energean Oil and Gas has announced the successful appraisal of the Karish North discovery located offshore Israel.
Petrobras extends West Tellus drillship contract
Brazilian oil company Petrobras has extended a contract with Seadrill for the use of a drillship.
Bristow emerges from Chapter 11 bankruptcy
Offshore helicopter operator Bristow Group has emerged from Chapter 11 bankruptcy protection.
Equinor granted consent to drill North Sea well with Seadrill rig
Equinor has received consent from the Petroleum Safety Authority to consent to drill an exploration well in the North Sea using the West Hercules rig.
U.S. offshore rig count climbs to 22 units
The number of offshore rigs in the U.S. climbed up by one unit over the last week, according to a Friday report by Baker Hughes.
Popular news, October 28 – November 3, 2019
Offshore Energy Today’s most popular news from the past week.
Offshore projects sanctioned between 2010 and 2014 struggling to create value, Rystad says
According to Rystad’s evaluation of oil fields sanctioned since 2010, international E&P companies are struggling to make money from offshore investments made during the latest investment upturn.
ExxonMobil sees 3Q profit fall 49% on lower oil prices
Exxon’s production grew three percent from the third quarter of 2018 to 3.9 million barrels per day.