Fossil Energy
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
Gassco to use Vesterled pipeline beyond design life
Norwegian gas transport company Gassco has received approval to use the Vesterled subsea pipeline in the North Sea beyond the design life. “We have now given Gassco consent to operate the pipeline until the production license expires in 2028,” the Petroleum Safety Authority Norway said on Tuesday. V
Report: Oil industry to hike investment, grow workforce in 2019
Oil and gas companies are expected to increase spending, grow workforce, and focus more on digitalization and decarbonization in 2019, according to a report by DNV GL.
DEME’s Apollo jack-up vessel completes first decom job
Marine engineering group DEME has carried out a first decommissioning jobs with its newest DP2 jack-up vessel Apollo.
Standard secures term work for all five large PSVs
S.D. Standard Drilling has secured term contracts for all five of its large platform supply vessels with potential for entire winter coverage for all its large size vessels.
Shell applies for Bratwurst drilling. Eyeing Prelude tieback
Shell Australia plans to use a semi-submersible offshore drilling rig for the operation and is targeting gas/condensate.
Cairn to spud three wells as operator in UK & Norway in 3Q 2019
Cairn Energy plans to drill a total of four exploration wells across a variety of play types in the UK and Norway during 2019.
BHP Billiton strikes oil at Trion appraisal well (Mexico)
Australian industrial giant BHP Billiton has struck oil at an appraisal well at the Trion field offshore Mexico. The company which spudded the well on November 15, 2018, said the first appraisal well at Trion in Mexico (Trion-2DEL) encountered oil, “in line with expectations.” “This was the first we
Helix wins P&A work in Gulf of Mexico
Houston-based energy services company Helix Energy Solutions has acquired from Marathon Oil certain operating depths associated with the Droshky Prospect on Green Canyon Block 244 in the Gulf of Mexico, along with related infrastructure. Helix said on Monday that, as part of the transaction, it woul
Norwegian oil output in December 2018 below forecast
Norwegian oil production during December 2018 dropped below expected figures due to technical problems on some fields, according to Monday’s report by the NPD.
Offshore safety body spots irregularities during Sleipner audit
The Petroleum Safety Authority (PSA) has found irregularities during an audit of Equinor’s Sleipner field offshore Norway.
Equinor in Barents Sea well incident
Norwegian oil and gas giant Equinor last week reportedly suffered a well incident during exploration drilling in the Barents Sea.
VIDEO: Former Paragon jack-up leaves Port of Esbjerg
The Haeva jack-up rig, the previously named Paragon HZ1, has left the Port of Esbjerg.
COSLHunter rig extends stay in Mexico
China’s offshore drilling company COSL has reportedly signed a contract for its jack-up rig COSLHunter in Mexico. Rig brokers Bassoe Offshore on Monday reported that the Chinese rig owner had secured a one year contract in Mexico, with an undisclosed operator. The rig, built in China Merchants Heavy