Fossil Energy
ONGC takes Shelf Drilling jack-up for a three-year spin
Jack-up drilling specialist Shelf Drilling has been awarded a three-year contract in India for one of its rigs. Shelf Drilling said on Wednesday the contract was for the Ron Tappmeyer jack-up rig with the client being Oil and Natural Gas Corporation (ONGC), India’s national oil company. The contract
DOF scores PSV work with ‘major’ North Sea operator
Norwegian offshore vessel owner has secured a contract for one of its platform supply vessels. In a brief Oslo stock exchange announcement on Wednesday, the company said it had won a contract for the Skandi Gamma PSV. DOF said the contract was for two years and was with a major North Sea operator. D
Transocean raising cash to pay for Deepwater Poseidon drillship
Transocean said it would use the net proceeds “to partially finance the construction or acquisition of the Deepwater Poseidon [drillship] .”
Polarcus set to shoot seismic for Galp in Namibia
Portuguese oil company Galp has said that Polarcus will this week start a seismic survey over its PEL83 Offshore License in Namibia’s deepwater offshore. The survey in the Orange Basin is scheduled to start January 25 and end in March. As part of the 3D seismic contract with Galp, Polarcus’ vessel w
3D Oil’s offshore block similar to Quadrant’s Dorado discovery (Australia)
3D Oil has identified a possible erosional channel system in its WA/527-P exploration permit offshore Australia, analogous to that found in the Dorado-1 discovery.
CNOOC targets oil and gas production increase
CNOOC Limited is targeting a steady increase in oil and gas production during 2019 and the following years. CNOOC on Wednesday announced its business strategy and development plan for the year 2019. The company said that its net production for 2018 is expected to be approximately 475 million BOE. Th
Cooper Energy hires Ocean Monarch rig for Otway basin drilling
Oil and gas company Cooper Energy has hired a rig for a drilling program in the Otway basin offshore Australia.
Green light for Lundin to use Leiv Eiriksson rig in North Sea
Lundin has received consent from Norway’s PSA for exploration drilling in the North Sea using the Leiv Eiriksson semi-submersible rig.
Guyana: Saipem offloads pipes for Liza Phase 1
Italian oilfield services company Saipem has offloaded the second shipment of pipes to be installed as part of Exxon’s Liza Phase One project offshore Guyana. The Guyanese authorities have informed that the shipment arrived in Georgetown last week, and is the second of multiple shipments adding to t
Halliburton turns to 4Q profit
Oilfield services colossus Halliburton turned to profit in the fourth quarter of 2018. Halliburton on Tuesday posted a net income of $668 million, compared to a net loss of $825 million in the fourth quarter of 2017. Total revenue for the quarter was almost the same as last year at $5,93 billion. Mo
Ashtead Technology, 4Subsea in subsea technology pact
Ashtead Technology and 4Subsea have sealed a partnership for global distribution of sensor technology to the oil and gas industry.
Gulf Marine’s SESV starts operations under five-year contract
One of Gulf Marine Services-owned self-propelled self-elevating support vessels has started operations under a five-year contract while the start dates for the other two vessels are being finalized.
GALLERY: Incat Crowther-designed FSV joins Seacor Marine fleet
Louisiana-based ship manufacturer Gulf Craft has delivered an Incat Crowther-designed fast support vessel to Seacor Marine.
Seadrill Partners to slash dividend. Cites low rig rates, looming debt maturities
Seadrill Partners, an affiliate of offshore driller Seadrill, will reduce the quarterly distribution to its common unitholders from 10 cents per unit to 1 cent per unit. “The move reflects the slower than anticipated recovery in dayrates and the company’s desire to preserve liquidity ahead of debt m