Fossil Energy
Malaysia’s Sapura Energy enters E&P pact with Austria’s OMV
Malaysia’s Sapura Energy and Austria’s OMV have successfully concluded their previously proposed strategic partnership agreement. The completion date was January 31, 2019. “This is a key milestone for both companies as we move forward with our aligned vision of creating a leading independent oil and
VIDEO: Leviathan jacket in touch-down offshore Israel
U.S. oil and gas company Noble Energy has launched the jacket for the Leviathan drilling platform offshore Israel.
COSL Innovator semi-sub to drill Barryroe wells (Ireland)
COSL Drilling’s semi-submersible drilling rig COSL Innovator has been nominated as the rig to drill at the Barryroe oil accumulation located in the North Celtic Sea offshore Ireland. Providence Resources, the Ireland-based company whose subsidiary Exola operates the license containing the Barryroe p
Panoro Energy to increase Tunisia output. Prepares for Sfax drilling
Oslo-listed Panoro Energy has revealed plans to increase daily output and the reserve base on its Tunisian TPS assets which it recently bought from OMV.
Claxton opens new office in Stavanger, promises new jobs
Claxton, an engineering and services company in subsea services group Acteon, has opened a new office in Stavanger, Norway.
Baker Hughes: 4Q orders reach 3-year high. Revenue, adjusted income rise
Oilfield services giant Baker Hughes GE posted an increase in orders, revenue, and adjusted net income for the fourth quarter of 2018. The company’s 4Q revenue came in in at $6.3 billion, up from $5.8 billion, boosted by its oilfield services business which generated $3,06 billion in revenue. Overal
Rystad: Guyana makes Exxon leader of 2018 exploration pack
U.S. oil major ExxonMobil was the leader of the pack among the top oil and gas explorers of 2018, boosted by its string of offshore oil discoveries in the Latin American country. “ExxonMobil was exceptional, both in terms of discovered volumes and value creation from exploration,” said Rystad Energy
ConocoPhillips lifts 4Q profit. Sets aside $6.1 billion to spend in 2019
U.S. oil company has reported fourth-quarter 2018 earnings of $1.9 billion, an increase compared with fourth-quarter 2017 earnings of $1.6 billion. Excluding special items, fourth-quarter 2018 adjusted earnings were $1.3 billion compared with fourth-quarter 2017 adjusted earnings of $0.5 billion. Co
UK: OGA launches licensing round for Greater Buchan area. Eyes 300 million barrels
The OGA has launched the Supplementary 31st Offshore Licensing Round to maximize economic recovery from the Greater Buchan area in the North Sea.
Indian seafarers abandoned in Namibia for months seek justice, threaten suicide
Eight Indian seafarers employed by Indian vessel owner Halani have been left stranded without pay for months, which is taking a toll on their wellbeing with several threatening to commit suicide.
Australia’s Talon in another North Sea acquisition
Australia-based Talon Petroleum has entered into a binding heads of agreement for the purchase of 100% of the shares in EnCounter Oil, which owns two UK North Sea licenses. EnCounter is a private, UK-based company formed in 2012 by key former members of the executive management team of EnCore Oil. E
Beach contracts Diamond rig for Otway drilling campaign
Beach Energy has hired a Diamond Offshore-owned semi-submersible drilling rig for drilling in the Otway Basin offshore Victoria, Australia.
PetroRio buys Chevron’s stake in Frade field off Brazil
Brazilian oil and gas company PetroRio has entered into a share purchase agreement for Chevron’s stake in the Frade field offshore Brazil.
Rowan rig wins seven-well program with Lundin
Offshore driller Rowan Companies has won a contract for a jack-up drilling rig with Lundin in Norway.