Fossil Energy
COOEC and Expro enter subsea well intervention alliance
China-based offshore and subsea solutions company, COOEC Offshore, has formed an alliance with international oilfield services company Expro.
BW kicks off drilling campaign on Dussafu Marin permit
BW Energy has started drilling an exploration well at the Hibiscus Updip prospect on its Dussafu Marin permit located offshore Gabon.
Tullow makes first oil discovery on Orinduik license offshore Guyana
Tullow Oil has made an oil discovery at its Jethro-1 exploration well, drilled on the Orinduik license offshore Guyana.
Partners in block off Philippines commit to drill deepwater well within 2 years
Palawan55, a subsidiary of Phinma Petroleum and Geothermal, has entered into the appraisal period of Service Contract No. 55 (SC 55) located offshore Palawan, committing to drill one deepwater well within the first two years of this period.
PetroRio chief financial officer resigns
The executive director of Brazilian oil and gas company PetroRio has resigned from his positions within the firm.
U.S. offshore rig count climbs to 25 units
The number of offshore rigs in the U.S. increased by one unit over the last week, according to a Friday report by Baker Hughes, a GE company.
Popular news, August 5 – 11, 2019
Offshore Energy Today’s most popular news of the past week.
Murphy Oil greenlights Gulf of Mexico project trio
Murphy Oil has reached a Final Investment Decision for the King’s Quay facility, Khaleesi/Mormont, and Samurai developments located in the deepwater Gulf of Mexico.
Seacor Marine cutting costs amid slow market recovery
Seacor Marine has started implementing cost-reducing measures, including reduction of the workforce and closure of certain facilities at several locations, to save at least $8 million amid slower than expected market recovery.
Rystad sees downside risk to 2020 oil prices due to excessive supply growth
Oil market is going from gloomy to gloomier, according to Norwegian energy intelligence firm Rystad Energy.
Mermaid Maritime secures new subsea deals
Mermaid Maritime’s Middle East and South East Asian business units have recently been awarded subsea contracts with a combined total estimated potential contract value of $7.4 million.
Providence gets permission for Barryroe site survey
Irish oil and gas company Providence Resources has received permission from Irish authorities to undertake a site survey at its operated Barryroe project located offshore Ireland.
Occidental closes $55 billion worth acquisition of Anadarko
Occidental Petroleum has completed its acquisition of Anadarko Petroleum in a transaction valued at $55 billion, including the assumption of Anadarko’s debt.
Barakah takes Petronas to court over licence suspension
Malaysian offshore services provider Barakah Offshore Petroleum has sued compatriot Petronas for RM 1.02 billion ($243.7 million).