Fossil Energy
Qatar Petroleum farms into Total’s deepwater blocks offshore Namibia
Qatar Petroleum has added to its international expansion efforts with another farm-in deal involving the French oil major Total, this time in Namibia.
TechnipFMC plans to separate into two companies
The board of directors of oilfield services provider TechnipFMC has unanimously approved the company’s plan to separate into two independent, publicly-traded companies.
Tullow spuds second well offshore Guyana
Tullow Oil has started drilling at the Joe prospect in the Orinduik block offshore Guyana, the company’s second well in the block, after the Jethro-1 well which struck oil earlier this month.
Valaris secures work for six rigs and backlog of $84 million
Valaris, formerly known as EnscoRowan, has been awarded new contracts and contract extensions for its rigs, with associated revenue backlog of $84 million.
AGS enters Brazilian market following OBN survey contract
Axxis Geo Solutions (AGS) has signed a contract for source work in Brazil with a minimum value of $4 million with SAExploration.
OKEA decides to hire new chief financial officer
Norwegian oil and gas company OKEA has decided to hire a new chief financial officer (CFO) as a reflection of its growth over the past year. Over the past year, OKEA’s operations have grown significantly both in terms of production, revenues and number of employees, according to the company’s statem
‘Oil major’ hires Icon Offshore AHTS
An unnamed oil major has awarded an Icon Offshore anchor handler a one-year contract.
Floatel, Prosafe waiting on competition authorities to wrap merger
Closure date for the merger between offshore accommodation rig owners Floatel and Prosafe is not yet certain, as the flotel contractors are waiting for the competition authorities to give approval.
Eni adds new offshore block to Indonesian portfolio
Eni and its partners Pertamina and Neptune have been awarded by the Ministry of Energy and Mineral Resources the West Ganal exploration block in the Kutei Basin, offshore Indonesia, as a result of the second conventional oil and gas bidding round 2019.
PGNiG set to drill Shrek well in Norwegian Sea
PGNiG has received consent from the Petroleum Safety Authority to drill an exploration well in the Norwegian Sea, using the Deepsea Nordkapp rig.
Three quarters of Nord Stream 2 offshore pipeline laid
Nord Stream 2 AG has laid 1,855 kilometers of the offshore gas pipeline in the Baltic Sea in Russian, Finnish, Swedish and German waters.
Byron Energy hits pay in Gulf of Mexico well
Byron Energy-operated SM58 011 well on the Cutthroat prospect in the U.S. Gulf of Mexico has encountered hydrocarbons in the target O Sand section.
Class action lawsuit filed against Valaris for ‘misleading’ investors
Law firm Pomerantz has filed a class action lawsuit against offshore drilling firm Valaris alleging the drilling firm has misled investors.
Decipher Energy’s Orlando field producing at half of capacity
Peak rates have been restricted to around 5,000 bopd