Fossil Energy
Carnarvon agrees terms with Timor-Leste gov’t over Buffalo field
Carnarvon has agreed in principle to fundamental terms of a PSC with the Timor-Leste government agency ANPM regarding its Buffalo project.
Vard delivers newbuild vessel to Topaz
UAE-based offshore vessel provider Topaz Energy and Marine has taken delivery of the Topaz Tiamat newbuild subsea vessel.
Oceaneering nets $80 million in subsea umbilical contracts
Oceaneering has recently secured three subsea umbilical contracts valued in excess of $80 million in total.
Wood Mackenzie expects sluggish year in upstream M&A
Upstream dealmakers start 2019 facing an uphill battle. Volatile oil prices and bearish equity markets impede deal flow by creating uncertainty, widening the bid-ask spread, altering financial conditions and making companies re-think near-term strategies, Wood Mackenzie has said. In Q4 2018, as thes
Decipher to produce first oil from Orlando field in 1Q 2019
North Sea oil and gas player Decipher Energy is reportedly expected to start production from the Orlando oil field in the first quarter of 2019. This is according to Atlantic Petroleum, a company which sold its 25 percent stake in Orlando to Decipher back in March 2017. Under the terms of the sale A
Peterson gets long-term logistics contract from Repsol Sinopec
Peterson has been awarded a new long-term integrated logistics contract to service Repsol Sinopec Resources UK.
Santos to make Dorado FID in late 2020
Australia’s Santos will make a final investment decision for its Dorado discovery located in WA-437-P offshore Australia in late 2020.
Popular news, January 14 – 20, 2019
Offshore Energy Today Staff
USA: Weekly offshore rig count drops by 2
The number of active offshore drilling rigs in the U.S. has fallen to 19 units this past week, Baker Hughes, a GE company, said in a report on Friday. Baker Hughes Rig Count: U.S. -25 to 1,050 rigs U.S. Rig Count is down 25 rigs from last week to 1,050 rigs, with oil rigs down […]
Aker BP to drill 15 exploration wells in 2019. Plans to triple output by 2025
Norwegian oil company Aker BP is raising its growth ambitions on the back of what it says is a strong performance in 2018. Aker BP on Friday said it plans to organically triple its production by 2025, to cut production costs from USD 12 to USD 7 per barrel by 2023, and to significantly […]
Report: Thang Long JOC hires PV Drilling jack-up rig
Thang Long Joint Operation Corporation has reportedly awarded a contract for one of PV Drilling’s jack-up rigs.
Shell picks subsea compression option for Ormen Lange field
Shell has chosen subsea compression as a concept for the third phase of the Ormen Lange field development, located 140 kilometers north-west of Kristiansund, in the Norwegian Sea. Rich Denny, CEO of A / S Norske Shell said on Friday that Shell had evaluated a number of alternative concepts before op
Report: Dragon Oil takes Prime Exerter jack-up on a 3-year deal in Turkmenistan
Oil company Dragon oil has reportedly agreed to hire the Prime Exerter jack-up rig on a three-year contract
Fugro to use ‘Edda Sun’ for IRM project
Fugro, a Dutch provider of offshore and onshore geotechnical and survey services, will start a new IRM contract in March 2019.