Fossil Energy
Solstad asking for suspension on debt payments
Solstad Offshore has scheduled a bondholders’ meeting to ask their consent for temporary suspension and deferral of interest and amortizations on financial debt.
IHS Markit to floating rig owners: Curb your enthusiasm!
Following several years of depressing market conditions, offshore rig owners have started showing optimism about the market outlook, encouraged by a recent rise in oil prices and the expectations that the oil majors must start spending more on exploration after years of underinvestment.
DNO questions the value of Faroe’s asset swap deal with Equinor
DNO is questioning the value of Faroe’s Norwegian asset swap deal with Equinor amid recent hostile takeover attempt it had launched for Faroe.
Equinor and partners to invest $165 million in Vigdis boosting station
Norway’s Equinor has decided to boost production at its subsea field Vigdis by almost 11 million barrels.
BHGE’s new Saudi Aramco deal to create over 200 jobs
Baker Hughes, a GE company, has been awarded a major stimulation and well-testing contract by Saudi Aramco.
Guyana: Orinduik partners agree to spud first well in 2019
Partners in the Orinduik block offshore Guyana have revealed drilling plans for 2019.
Siemens upgrading well intervention vessel with battery solution
Siemens has won a contract to upgrade the AKOFS Seafarer vessel with a battery solution, making it the first such upgrade for a well intervention vessel.
CGX gains support from Frontera for drilling costs offshore Guyana
CGX Energy and Frontera Energy have entered into a letter agreement to enable CGX to finance the drilling costs related to two shallow water offshore blocks in Guyana.
Spirit Energy spuds Cassidy well offshore Norway
Spirit Energy has started drilling the Cassidy exploration well in the Norwegian sector of the North Sea within the Oda license.
Equinor granted drilling permit for North Sea wildcat
The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for a wildcat well in the North Sea offshore Norway.
Maersk Supply Service chooses new CFO
Danish offshore shipowner Maersk Supply Service (MSS) has elected a new chief financial officer of the company.
Maersk Drilling to provide rigs for Seapulse’s 12-well drilling program
Maersk Drilling and Seapulse have signed a Master Alliance Agreement under which Maersk Drilling will provide fully integrated services for a global offshore oil & gas exploration drilling program of 12 wells.
DEA buys into giant Zama discovery offshore Mexico
German oil company DEA Deutsche Erdoel AG is set to get a stake in the giant Zama offshore oil discovery in Mexico through the acquisition of Sierra Oil & Gas, an independent Mexican oil and gas company.
Equinor, Faroe swap Norwegian assets
Equinor and Faroe Petroleum have agreed a number of transactions in the Norwegian Sea and the North Sea region of the Norwegian Continental Shelf (NCS).