Fossil Energy
Inpex inks 20-year extension for Abadi LNG project
Japan’s Inpex Corporation, with its joint venture partner Shell, has signed an amendment and extension to the Masela block production sharing contract (PSC) as well as an extension for the Abadi LNG project.
U.S. weekly offshore rig count flat at 24
The number of active offshore rigs in the U.S. remained unchanged over the last week, according to a Friday report by Baker Hughes.
Argentina urges oil firms to stop oil & gas activities in the Falklands
Argentina has urged oil companies to stop activities related to offshore oil and gas exploration and production in the disputed areas near the Falkland Islands.
Greenpeace activists board Shell’s North Sea platforms
Greenpeace activists from the Netherlands, Germany, and Denmark boarded two oil platforms in Shell’s Brent field on Monday.
MOL gains drilling permit for North Sea well
The Norwegian Petroleum Directorate (NPD) has granted MOL Norge, a Norwegian unit of the Hungarian oil company MOL, a drilling permit for well 25/8-19 S in the North Sea offshore Norway.
Santos buying ConocoPhillips’ northern Australia business
Australian oil and gas company Santos is set to buy ConocoPhillips’ northern Australia business for $1.39 billion-plus contingent payments.
Search efforts for missing Bourbon Rhode crew unsuccessful
Search efforts for the missing Bourbon Rhode crew have been unsuccessful following a potential distress flare spotted in the area. According to Bourbon, search operations continue but they are entering a new phase of active monitoring.
Energean to sell Edison’s UK & Norway business to Neptune
Greek oil company Energean has agreed to sell Edison E&P’s UK and Norwegian subsidiaries to Neptune Energy for $250 million of cash, to be adjusted for working capital, with additional cash contingent consideration of up to $30 million.
Boa Offshore turns to defense sector amid instability in AHTS North Sea spot market
Norwegian offshore supply vessel owner Boa Offshore has turned its attention to the defense sector amid instability and challenges in the North Sea spot market.
OOS Walcheren semi-sub vessel starts its engines
Dutch company OOS International has revved up the engines on its newbuild semi-submersible heavy lift crane accommodation vessel OOS Walcheren for the first time.
Green light for Equinor’s North Sea wildcat
The Norwegian Petroleum Directorate has granted Equinor a drilling permit for a well in the North Sea offshore Norway.
Popular news, October 7 – 13, 2019
Offshore Energy Today’s most popular news from the past week.
Offshore investments on the rise in 2019, Rystad says
As investments in tight oil increased from 2016 to 2018 and offshore investments decreased, according to Norwegian energy intelligence group Rystad Energy.
Bassoe: Welcome to the real world, where offshore drilling rig values are an enigma
Available assets, lack of capital, and sluggish fundamental market improvement are keeping rig values under pressure