Fossil Energy
Seacor forms new JV to buy Brazil’s UP Offshore
U.S. offshore vessel owner Seacor Marine is expanding its presence in Brazil through the formation of a new joint venture to acquire UP Offshore.
Saipem nets $255 million in new drilling contracts
Saipem has been awarded new onshore and offshore drilling contracts worth approximately $255 million in total.
Oceaneering bags North Sea inspection contract with Petrofac
Oceaneering has secured a three-year provision of inspection enactment services contract with Petrofac in the UK.
Subsea 7 lands SURF work on BP’s Gulf of Mexico project
Subsea 7 has been awarded a sizeable SURF contract by BP for the Manuel project in the US Gulf of Mexico.
Bergen Group-Endúr merger and name change approved
Bergen Group-Endúr Fabricom merger has now been approved as well as the subsequent name change of the new entity to Endúr. The two companies entered into an agreement to merge back in late August 2018. The proposed merger received unanimous approval from the respective boards of directors of the two
ONE and Dyas to merge in new entity focused on North Sea
Dutch Oranje-Nassau Energie B.V. (ONE) and SHV Holdings have reached an agreement to merge their upstream energy businesses, in a combined entity called ONE-Dyas.
Lukoil produces 20 million tonnes of oil from Caspian Sea fields
Lukoil’s cumulative production of oil in the Russian part of the Caspian Sea has exceeded 20 million tonnes.
Chevron awards rig positioning contract in Australia to Neptune
Australia-based Neptune Survey has been awarded a five-year rig positioning contract by Chevron.
Offshore watchdog finds safety flaws on Equinor’s Troll C platform
Norwegian offshore safety watchdog has found a number of non-conformities and improvement points during an audit of Equinor’s Troll C platform offshore Norway.
VIDEO: BigLift vessel takes jack-up rig to West Africa
BigLift Shipping, a heavy lift shipping company, has recently transported a jack-up drilling rig from the Netherlands to West Africa.
Solstad and Ocean Yield enter standstill period for anchor handling duo
Ocean Yield has entered into a standstill agreement with Solstad Offshore for two anchor handlers built in 2013.
Husky Energy curbs spending plans
Canada’s Husky Energy plans to spend approximately $3.4 billion on its capital expenditure program in 2019.
U.S. senators call for cancellation of Nord Stream 2 pipeline due to Russia’s recent ‘aggressive actions’
Over 40 U.S. senators have called for the cancellation of the Nord Stream 2 offshore gas pipeline as a response to Russian actions in the Kerch Strait and the Sea of Azov.
Saipem wins Zohr job worth over $1.2 billion
Saipem and Petrobel have negotiated an offshore contract addendum worth more than $1.2 billion for activities related to the Zohr Field Development Project situated in the Mediterranean Sea off the Egyptian coast.