Fossil Energy
DNO gains permit for Norwegian Sea well
The Norwegian Petroleum Directorate has granted DNO a drilling permit for a well located in the Norwegian Sea.
Kotug and Horizon Maritime establish joint venture in Canada
Towage operator Kotug International and Horizon Maritime have formed a joint venture company which will offer terminal and harbor towage services across Canada.
Offshore Energy 2019: It’s a wrap!
This was the live blog of Offshore Energy Exhibition and Conference (OEEC) 2019 taking place on 8 & 9 October. Europe’s leading gathering of the entire offshore energy industry. Read all the highlights of these days.
DOF Subsea finds itself in challenging position
Norwegian subsea service business DOF Subsea has found itself in a challenging financial position as a result of the continued challenging market situation with low vessel utilization and depressed dayrates.
Bourbon Rhode survivors arrive in Fort de France
Three survivors from the Bourbon-owned tug supply vessel Bourbon Rhode, that sank in the Atlantic Ocean in late September after finding itself near the category 4 hurricane, have arrived in Fort de France while seven other crew members are still missing.
Northern Drilling cancels deal to buy drillship from South Korean shipbuilder
Northern Drilling has canceled the resale contract for the West Cobalt drillship with the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME).
Bristow set to emerge from Chapter 11
Offshore helicopter operator Bristow Group expects to emerge from Chapter 11 by the end of the month following a confirmation of its reorganization plan by a U.S. court.
Equinor decides not to exercise option on Jersey’s Buchan blocks
Norway’s Equinor has elected not to exercise the three-month option which was granted by Jersey Oil & Gas over a 50% equity interest in respect of Blocks 20/5a and 21/1a (the Buchan blocks) in the UK North Sea.
BOEM proposes 78 million-acre Gulf of Mexico lease sale
The U.S. Bureau of Ocean Energy Management (BOEM) has proposed to offer around 78 million acres for a region-wide lease sale in the Gulf of Mexico scheduled for March 2020.
Santos achieves strong oil flow from Dorado appraisal well
The initial flow test of the Caley reservoir from the Santos-operated Dorado-3 appraisal well off Australia has confirmed the main oil pool in the field is capable of producing flow rates at the higher end of pre-drill expectations.
Hibiscus to acquire UK North Sea license for $5 million
Malaysian operator Hibiscus Petroleum has entered into a conditional sale and purchase agreement to acquire License P2366, from United Oil & Gas and Swift Exploration Limited.
Ex-Schlumberger CEO formally becomes Borr Drilling chairman
Former CEO of Schlumberger Paal Kibsgaard has been formally appointed as the new chairman of the offshore drilling contractor Borr Drilling.
Neptune Energy promotes new VP of operations for Europe
Oil and gas company Neptune Energy has appointed a new vice president of operations for Europe.
Fugro names new group director for Europe and Africa
Dutch offshore services firm Fugro has appointed a new group director for Europe and Africa.