Fossil Energy
MacGregor further delays TTS buy due to regulatory process
MacGregor, part of Cargotec, has further delayed its planned acquisition of marine and offshore businesses of TTS Group.
Kim Heng scoops $5 million worth of deals
Kim Heng Offshore & Marine Holdings Limited has secured various fabrication jobs valued at S$7 million ($5.2 M) from an unnamed customer.
Popular news, March 18 – 24, 2019
Offshore Energy Today’s most popular news of the past week.
PTTEP picks up two blocks offshore Malaysia
Thailand’s PTTEP has signed a production sharing agreement with Malaysia’s Petronas for exploration and production rights of two offshore blocks, PM407 and PM415, in shallow waters off Peninsular Malaysia under Malaysia 2018 Bidding Round.
OKEA takes operatorship of license near Draugen field
Norwegian oil and gas company OKEA has taken over Shell’s 50% working interest and operatorship of production license (PL) 958 in the Norwegian Sea.
Awilco, Keppel formalize 2nd newbuild offshore rig order as contract signed
UK-based offshore driller Awilco Drilling and Singapore’s rig builder Keppel have officially signed a contract for the construction by Keppel of a new semi-submersible drilling rig.
Murphy’s Malaysia sale to PTTEP, SE Asia’s biggest oil & gas deal in five years, Woodmac says
U.S. oil company Murphy Oil’s $2.1 billion sale of Malaysian business to Thai PTTEP announced on Thursday is the biggest oil and gas deal in South East Asia in five years, in what is expected to become a big year for mergers and acquisition in the region.
Island Drilling gets rig contract offshore UK
Norwegian offshore driller Island Drilling has been awarded a contract by CNOOC for the Island Innovator rig for operations offshore the UK.
Swedish nod sought for Baltic Pipe section as Poland pushes to cut reliance on Russian gas
The operator of the Baltic Pipe project, designed to cut Polish reliance on Russian gas, has sought permission from Sweden for the pipeline to go through Sweden’s exclusive economic zone.
VIDEO: ‘Pioneering Spirit’ performs heaviest lift ever offshore on Johan Sverdrup
Three days – that’s what it took to lift four of the last pieces in the Johan Sverdrup puzzle into place – the two final platform topsides, a bridge and a flare stack.
Archer CEO John Lechner resigns
Oilfield services firm Archer has said its CEO John Lechner has resigned “effective immediately.”
Equinor to use Transocean rig for Visund well workover
Norwegian oil major Equinor has received consent from the PSA to use the Transocean Equinox rig on the Visund field.
Chief financial officer of Vaalco Energy steps down
Chief financial officer (CFO) of Houston-based oil company Vaalco Energy has decided to resign from the company.
Aker BP restructures remaining options for Prosafe’s accommodation rig
Prosafe has agreed with Aker BP to restructure the remaining seven one-month options for the Safe Scandinavia unit at the Ula platform in the Norwegian sector of the North Sea, to three one-week options.