Fossil Energy
UK offshore decom specialist attracts $85M investment
Expenditure on decommissioning in the UK to be £15.3 billion in the next decade
Rig impairments drag Transocean deeper into the red
Affected by impairments for three retired rigs, offshore drilling contractor Transocean more than doubled its losses in the third quarter of the year when compared to the last year’s 3Q.
Spirit Energy boosts production from North Sea field
Spirit Energy has raised production from its key North Sea gas field after a successful drilling campaign worth £68.5 million ($88 million).
BP posts quarterly loss on divestment charge and weaker Upstream earnings
BP’s third-quarter results took a hit due to lower oil prices and maintenance, hurricane impacts and a divestment charge.
i3 Energy proves oil in Serenity prospect, agrees rig contract extension with Dolphin
UK independent i3 Energy has reported that its Serenity well, located in the UK North Sea, is an oil discovery, confirming the strong commercial potential of the Serenity area.
Mermaid bags three-year extension in Middle East
Mermaid Maritime’s joint-venture company with an unnamed offshore services operator has secured a three-year contract extension with a national upstream oil and gas company in the Middle East.
Hermitage Offshore raises $2.5M for PSV quartet overhaul
Offshore vessel operator Hermitage Offshore Services, formerly named Nordic American Offshore, has raised $2.5 million for special surveys and engine overhauls on four of its platform supply vessels (PSVs).
Norway: Dry hole for Equinor in North Sea
Norwegian oil firm Equinor has drilled a duster at the offshore exploration well 32/4-3 S in the North Sea, offshore Norway.
KrisEnergy to dispose of interest in Indonesian block
KrisEnergy has accepted a binding letter of offer by a ‘major international oil and gas company’ for the disposal of a 30% non-operated working interest in the Andaman II production sharing contract (PSC) in the Malacca Strait, Indonesia.
Repsol, Halliburton pen deal for cloud data management in E&P
Spanish oil company Repsol has hired oilfield services giant Halliburton for the provision of cloud-based master data management solutions for exploration and production (E&P) activities.
IOG takes FID for Southern North Sea project
Independent Oil and Gas (IOG) has now completed its farm-out transaction with CalEnergy Resources (CER) and taken a Final Investment Decision on Phase 1 of its Core Project located in the Southern North Sea.
Israel awards new offshore exploration blocks
Israel has granted offshore exploration blocks to two consortia of oil companies that placed their bids in the recent licensing round.
BP’s Mauritania discovery largest deepwater find this year, WoodMac says
With 13 trillion cubic feet (tcf) of gas in place, Orca-1 is the largest deepwater find in 2019
Equinor to connect two extra offshore fields to power from shore solution
Two Equinor-operated fields located offshore Norway, the Sleipner field centre and the Gudrun field, will receive power from shore to further reduce CO₂ emissions on the Norwegian Continental Shelf.