Fossil Energy
DOF holds naming ceremony for newbuild pipe laying vessel
Norwegian offshore vessel provider DOF has held a naming ceremony for its newbuild pipe laying support vessel Skandi Olinda.
Italy to suspend oil and gas exploration activities
Oil and gas company ADX Energy has informed that the Italian Senate has passed a Bill to suspend oil and gas exploration activities in permits that have been approved or are in the process of being approved.
Aker BP hits oil and gas at Froskelar Main well offshore Norway
Norwegian oil company Aker BP has hit oil and gas at it its Froskelar Main exploration well in the North Sea offshore Norway.
CGX and Frontera execute Guyana farm-in deal
CGX Energy and Frontera Energy have executed a farm-in joint venture agreement covering CGX’s two shallow water offshore Petroleum Prospecting Licenses in Guyana.F
U.S. weekly offshore rig count sinks to 19 units
The number of offshore rigs in the U.S. dropped to 19 units last week, according to a weekly rig count reports by Baker Hughes.
Siemens to provide compressors for Novatek’s Arctic LNG 2 project
NOVATEK has signed a contract for compressor equipment for three liquefaction trains on the Arctic LNG 2 project offshore Russia.
Popular news, January 28 – February 3, 2019
Offshore Energy Today’s most popular news of the past week.
Exxon 4Q 2018 earnings down on previous Tax Reform gains
Oil giant ExxonMobil saw its fourth quarter 2018 earnings drop 28 percent compared to the fourth quarter of 2017 as last year’s result was boosted by tax reform.
Chevron profit, production up in 4Q 2018
Chevron has reported an increase in earnings for the fourth quarter 2018, posting a net income of $3.7 billion, up from $1,2 billion in the fourth quarter 2017.
Shell to make FID on giant Gulf of Mexico oil find in 2020
Oil major Shell is working on making a Final Investment Decision in 2020 on its large deepwater Gulf of Mexico oil find named Whale.
BP supports shareholder resolution on climate change disclosure. Says strategy consistent with Paris goals
The resolution calls for BP to describe how company strategy is consistent with Paris goals
Petrobras pays $682M in Brazil as part of 2018 bribery settlement
Brazilian oil major Petrobras has said it has paid $682.6 million as part of the non-prosecution settlements entered into last year with the U.S. and Brazilian authorities over the investigation into violations of the Foreign Corrupt Practices Act (FCPA).
Anadarko sells Mozambique gas to CNOOC
U.S. oil and gas company Anadarko has signed a gas sale and purchase agreement (SPA) with CNOOC Gas and Power Singapore Trading & Marketing Pte. Ltd. (CNOOC), for gas to be produced from its gas field offshore Mozambique. The SPA is for 1.5 million tonnes per annum (MTPA) for a term of 13 years. Mit
Report: GDI sells one of its jack-up rigs for demolition
Gulf Drilling International, a subsidiary of Gulf International Services, has reportedly sold one of his rigs for demolition.