Fossil Energy
Popular news, June 24 – 30, 2019
These are the most read articles of the week on Offshore Energy Today
Icahn in push to replace Oxy directors
Activist investor Carl Icahn is pushing to oust and replace four directors at Occidental Petroleum’s board over what he recently labeled a misguided “bet-the-company” acquisition of Anadarko by Oxy in which he owns shares
GulfSlope to enter shallow water drilling JV
JV will be targeting supra salt prospects that have been overlooked by the industry
Update: KS Drilling scores drilling gig in Egypt for KS Medstar-1 rig
Singapore-listed drilling company KS Drilling has managed to find work for its KS Medstar-1 offshore drilling rig in Egypt.
Siccar Point’s Lyon well fails to live up to expectations
Siccar Point’s Lyon offshore exploration well has failed to live up to expectations and the company has now plugged and abandoned it.
KS Drilling cancels another jack-up order in China
Singaporean offshore driller KS Drilling has canceled another newbuild rig order in China. This time with COSCO.
Gallery: ‘Flying colors’ for world’s largest crane vessel’s maiden test
World’s largest semi-submersible crane vessel, delivered recently to Heerema Marine Contractors, has completed its sea trials, and with “flying colors” at that according to the Dutch owner.
Rockhopper gets favorable ruling in Ombrina Mare arbitration
A tribunal has rejected Italy’s request for suspending the Ombrina Mare field arbitration and related intra-EU jurisdictional objections.
ADNOC, KKR, BlackRock complete $4B pipeline transaction
Abu Dhabi’s ADNOC has closed the previously signed multi-billion-dollar pipeline infrastructure partnership deal with KKR and BlackRock, two of the world’s leading institutional investment funds.
Noreco’s $1.9B acqusition of Shell’s Danish assets delayed
The deal wrap-up is apparently delayed due to issues between Shell and Total
Woodmac: PTTEP’s Malaysia gas find is world’s 7th largest in 2019
Thai PTTEP on Thursday said it had made one of its largest gas discoveries ever in Malaysia, but came short of providing the estimated size.
Norway: Offshore rig workers’ strike averted
“The mediation turned out to be very demanding,” The Norwegian Shipowners’ Association said
PTTEP strikes ‘multi-tcf’ gas discovery offshore Malaysia
Thai oil and gas company PTTEP has made a “multi-TCF gas discovery” offshore Sarawak, Malaysia.
W&T Offshore takes ExxonMobil’s eastern Gulf of Mexico assets for $200 million
W&T Offshore has entered into a purchase and sale agreement with ExxonMobil to acquire its interests in and operatorship of oil and gas producing properties in the eastern region of the Gulf of Mexico , offshore Alabama, and related onshore processing facilities for $200 million.