Fossil Energy
Boskalis’ vessel hijack in E. Guinea an act of Nigerian pirates
“It doesn’t matter if it’s a kidnapping from a fishing vessel off the Bakassi peninsula in Cameroon, or a tanker off Abidjan, Ivory Coast – it’s typically Nigerian pirate groups conducting these attacks.”
ExxonMobil to devote $100 million for research on lower-emissions technologies
U.S. oil giant ExxonMobil will invest up to $100 million over 10 years to research and develop advanced lower-emissions technologies.
Petrobras books smaller profit as output declines
Hit by lower crude oil prices, Brazilian state-owned oil and gas giant Petrobras recorded a smaller profit in the first quarter of 2019 when compared to the same period last year amid production decline due to a series of stoppages. The Brazilian giant on Tuesday posted a net income of $1.125 billio
Aker BP set to drill North Sea well duo with Deepsea Stavanger rig
Norwegian E&P player Aker BP has received consents from the PSA to drill two exploration wells off Norway, using the Deepsea Stavanger drilling rig.
Investigation finds breaches of regulations following ‘West Hercules’ incident
Norwegian Petroleum Safety Authority Norway has completed its investigation of the incident on West Hercules rig on January 16, 2019, when the lower marine riser package was unintentionally disconnected. Several breaches of the regulations have been identified.
DNO in capex boost. Earmarks $190M for North Sea ops
Oil and gas company DNO focused on Kurdistan, and as of recently on the North Sea after buying Faroe Petroleum, is set to boost its capital expenditure to boost capital and exploration expenditure this year.
Saudi Aramco, Equinor invest in blockchain-as-a-service solution
Houston-based technology company Data Gumbo has completed a $6 million equity funding round for its blockchain-as-a-service platform.
Baker Hughes delivering subsea systems for Beach Energy’s Otway Basin project
Australian company Beach Energy has awarded Baker Hughes, a GE company a contract to supply subsea production systems for its Victorian Otway Basin development project located in offshore Victoria, Australia.
Maersk Drilling to convert ‘Maersk Intrepid’ to hybrid rig
Danish offshore driller Maersk Drilling has made plans to launch what it says will be the first hybrid, low-emission, offshore drilling rig.
Worldwide offshore rig count in April up by 62 rigs year-over-year
The worldwide offshore rig count in April 2019 increased by 5 units sequentially and by 62 rigs year-over-year, according to monthly rig count reports by Baker Hughes, a GE company (BHGE).
Tower pushes back Cameroon offshore drilling date
Oil company Tower Resources is delaying its Cameroon offshore drilling plans citing the need for further site preparation at the well location.
ALE introduces “world’s largest capacity land-based crane”
ALE, a global heavy-lift specialist, has announced the launch of the new SK10,000 crane, dubbed the world’s largest capacity land-based crane.
Shelf Drilling directors OK equity issue for CM rig deal
Jack-up rig specialist Shelf Drilling’s board of directors has approved a share issuance in relation to the previously announced agreement with China Merchants for the acquisition of two newbuild offshore rigs.
Rystad Energy: Offshore O&G has tremendous room for growth
Offshore continues to thrive and has much to offer in the future despite oil price downturns and the shale revolution, according to Norwegian oil and gas intelligence firm Rystad Energy.