Fossil Energy
Chevron profit down on lower oil and gas prices
Oil major Chevron saw its profit and revenues drop in the third quarter of the year when compared to the last year’s third quarter affected by lower oil and gas prices.
Seacor Marine selling North Sea ERRV business
Offshore support vessel provider Seacor Marine has decided to sell its North Sea emergency response and rescue vessel business to North Star.
Heerema to supply world’s largest crane vessels with shore power
Heerema Marine Contractors will provide its crane vessels with clean energy by switching them from diesel generators to wind energy.
Cameroon: Tower hires geotechnical drillship ahead of NJOM-3 spud
Oil company Tower Resources has signed a contract with Geoquip Marine Operations for a survey over its Thali block in Cameroon, ahead of the drilling operations start.
Shell gets green light for Goldeneye decommissioning plan
Shell’s draft decommissioning program for the Goldeneye field installations and pipelines, located in the North Sea, has been approved by the UK authorities.
Solstad agrees extended suspension of payments amid restructuring
Norwegian offshore vessel owner Solstad Offshore (SOFF) needs more time to complete its restructuring and has therefore agreed an extension of suspension and deferrals of payments under its financing agreements. Late last year Solstad started discussions with its financial creditors and other stakeh
Falkland Islands: Argos Resources seeking drilling partner as offshore license term extended
The Falklands Islands government has extended the term of Argos Resources’ offshore license PL001 by 18 months, giving the company time to find a partner and drill an exploration well.
Borr Drilling adds $155 million to backlog with new contracts
Borr Drilling has been awarded three new contracts and two extensions for its rig fleet, adding about $155 million to its backlog.
Solstad and Ocean Yield extend standstill for anchor handling duo
Ocean Yield, a ship-owning company with investments in vessels on long-term charters, has agreed an extension of the standstill agreement with Solstad Offshore for the Far Senator and Far Statesman anchor handlers.
Shell picks OneSubsea for Ormen Lange subsea compression system
Schlumberger’s subsea systems division OneSubsea has signed a frame agreement with Norske Shell to supply a subsea multiphase compression system for the large Ormen Lange gas field in the Norwegian Sea.
Sembcorp Marine to build FPU for Shell’s Whale field in Gulf of Mexico
Sembcorp Marine has won a contract from Shell to build and integrate the topside and hull of a Floating Production Unit (FPU) for the Whale field in the Gulf of Mexico.
Solstad sheds construction support vessel
Norwegian vessel owner Solstad Offshore has sold one of its construction support vessels (CSV) to an undisclosed buyer.
Report: Petrobras sells ultra-deepwater drillship for $15 million
Brazilian oil company Petrobras has reportedly managed to sell the ultra-deepwater drillship after its first auction received no bids.
Transocean keeps 2001-built floater busy in Norway
Floating rig contractor Transocean has won a contract for its 2001-built semi-submersible drilling rig