Fossil Energy
Worker dies in accident on Petrobras platform offshore Brazil, union says
An offshore oil worker has died on Petrobras-owned PNA-2 platform located in the Campos Basin offshore Brazil.
Solstad wins PSV deals with Allseas
Offshore services provider Allseas has hired two platform supply vessels (PSVs) from Norwegian offshore shipping company Solstad Offshore.
WoodMac: Return of cyclical inflation could see deepwater cost reduction come to a close
Impending cyclical cost inflation could raise break-even costs in an otherwise healthy deepwater industry, energy analytics company Wood Mackenzie said in its latest report.
Equinor gets consent to use Songa Endurance rig on Troll field
Norway’s Equinor has been given consent by the Petroleum Safety Authority to use the Songa Endurance drilling rig on the Troll field in the North Sea.
Faroe urges shareholders to reject DNO’s takeover offer
Following an unsolicited takeover offer launched by DNO, oil company Faroe Petroleum has said that DNO’s opportunistic offer undervalues the company and fails to value Faroe’s prospects as an independent business, urging its shareholders to reject it.
Seadrill sees rig dayrates improving in 2019-20
After a couple of years of negative sentiment in the offshore drilling industry caused by the low oil prices and the rig oversupply, things have started looking up for the sector.
Santos wraps up $2.15B Quadrant Energy acquisition
Australia’s Santos has announced it has completed the acquisition of its compatriot rival Quadrant Energy, paying $1.93 billion, comprising the purchase price of US$2.15 billion less completion adjustments and cash acquired.
Aquaterra to install two platforms for project offshore Nigeria
Aquaterra Energy and its local partner Maerlin Nigeria have been awarded a contract by First E&P to design, engineer and install two non-identical Sea Swift conductor-supported offshore platforms in the Niger Delta Basin.
Saudi Aramco makes it rain for suppliers as it signs $27.5 B in deals
Saudi Arabian oil and gas giant Saudi Aramco has said it has this week signed $27.5 billion worth of deals with suppliers during its 4th IKTVA Forum & Exhibition this week at the Dhahran Expo Center in Dammam.
NAO, Horizon Maritime abandon merger talks
Merger talks between Bermuda-based and NYSE-listed Nordic American Offshore (NAO) and Canada’s Horizon Maritime Services have been abandoned.
Premier Oil hires Hakuryu-11 jack-up for Indonesia ops
JDC has entered into a drilling contract with Premier Oil for the provision of the Hakuryu-11 jack-up drilling rig.
Wintershall joins Eni as partner in ADNOC’s mega project
The Abu Dhabi Government and the Abu Dhabi National Oil Company (ADNOC) have added Wintershall to the Ghasha ultra-sour gas mega project with a 10 per cent stake.
Boskalis, Lamprell pen long-term deal with Saudi Aramco
Boskalis says the deal could generate “multiple hundreds of millions of euros revenue for Boskalis.”
Spirit Energy hands in environmental statement for North Sea development
Spirit Energy has submitted its Environmental Statement for the Pegasus West development to the UK authorities.