Fossil Energy
ADNOC awards two offshore exploration blocks to Eni-PTTEP consortium
Eni has signed in Abu Dhabi two concession agreements for the acquisition of a 70% stake in the Offshore Block 1 and Offshore Block 2 exploration areas for a duration of 35 years, leading a consortium including Thailand’s PTTEP with the remaining 30% stake.
Ophir rejects Medco offer of 48,5 pence a share
Ophir Energy has rejected Medco’s potential offer of 48.5 pence a share that the Indonesian company announced on Friday.
ADES exercises one-year extension option for jack-up unit
ADES International, an oil & gas drilling and production services provider in the Middle East and North Africa, has secured a one-year extension option for its existing contract for Admarine II.
Offshore safety body looks into Maersk Drilling’s whistleblowing routines
The PSA and the Norwegian Labour Inspection Authority have jointly audited Maersk Drilling’s routines for handling whistleblowing at work.
Popular news, January 7 – 13, 2019
Offshore Energy Today’s most popular news of the past week.
U.S. offshore rig count down to 21
The number of offshore rigs in the U.S. decreased to 21 units last week, according to a Friday report by Baker Hughes, a GE company.
Faroe to revise Brasse field reserves estimate as drilling results in
Faroe Petroleum, soon to be taken over by Norway’s DNO, has shared final results of the Brasse appraisal sidetrack well 31/7-3 A in the northern North Sea, off Norway. The Brasse appraisal well 31/7-3 A sidetrack was planned as an appraisal of the northern part of the Brasse field. The drilling star
Medco sets price for Ophir takeover. Ophir says price lower than initial offer
Indonesia’s Medco Energi has set a price for a potential offer for the takeover of London-listed oil company Ophir Energy – 48.5 pence a share in cash.
Guyana: CGX, Frontera amend financing and farm-in deals. Drilling schedule unchanged
CGX and Frontera have amended a letter agreement to extend the time of launch of the equity financing in the amount of approximately $20 million.
Seacor Marine expands fleet with three fast support vessels
Seacor Marine has acquired three fast support vessels (FSVs) in exchange for the private placement of 603,872 shares of its common stock to domestic U.S. holders affiliated with the McCall family of Louisiana.
Jadestone restarts Montara production
Jadestone Energy has restarted oil production from the Montara offshore oil field in Australia. The field had been shut for maintenance and inspection since November 2018.
Equinor takes over Chevron’s Rosebank share
Equinor and Chevron have completed their transaction whereby Equinor has acquired Chevron’s 40% operated interest in the Rosebank project in the West of Shetland region of the UK Continental Shelf.
Morris to resign from Seadrill positions in mid-2019
CFO of offshore driller Seadrill Limited and CEO of Seadrill Partners has decided to step down from his positions.
Aqualis Offshore opens new office in Australia to support oil & gas ops
Offshore marine and engineering consultancy Aqualis Offshore has opened an office in Perth, Western Australia.