Fossil Energy
VIDEO: Sharing or protecting patents – what speeds up innovation?
Innovation, both by established companies and by startups, drives the industry forward but the jury is out on what is more beneficial for innovation; sharing your inventions or building a wall around it.
Offshore safety watchdog to investigate ‘Maersk Invincible’ incident
The PSA has decided to launch an investigation into an incident involving dropped objects on the Maersk Invincible drilling rig.
Video: Bridging the gap
“A certain gap needs to be filled between fossil fuels and cleaner energy. There we see a big role for gas”, says Royal IHC’s Area Sales Manager Europe, Daan Uiterwaal regarding the energy transition and the sift the companies sees in the market.
Lukoil completes second production well on Yuri Korchagin field
Lukoil has completed the construction of the second production well from the wellhead platform at the Yury Korchagin field.
Shelf Drilling: Jack-up utilization rising, dayrates historically low
Jack-up rig specialist Shelf Drilling expects rig utilization to further increase in 2019, but the CEO has acknowledged the dayrates have yet to pick up.
Oil and gas operators apply for 164 blocks in UK’s latest offshore licensing round
The United Kingdom’s latest offshore licensing round has attracted 36 applications covering 164 blocks in frontier areas of the UK Continental Shelf.
Ocean Rig Poseidon rig starts Eni work in Angola. Rig inquiries on the rise
Offshore driller Ocean Rig has informed that its drillship Ocean Rig Poseidon has been hired by Eni, and has started drilling programme in Angola.
Halliburton names new CFO
Oilfield services giant Halliburton has appointed Lance Loeffler as its Chief Financial Officer.
Faroe Petroleum’s Rungne well disappoints
Faroe Petroleum has failed to find hydrocarbons in the primary target of its Rungne exploration well in the North Sea offshore Norway.
TechnipFMC gets frame agreement from Chevron
Oilfield services provider TechnipFMC has signed a surface technologies frame agreement with oil major Chevron.
Aker BP gains consent to move Ivar Aasen control room onshore
Aker BP has received consent from the PSA to use an onshore control room for the Ivar Aasen field in the North Sea.
Shelf Drilling chooses new chairman
Offshore driller Shelf Drilling has elected a new chairman of the company, effective immediately.
Safety audit reveals irregularities on Ekofisk platform
The Petroleum Safety Authority (PSA) has found irregularities during an audit of ConocoPhillips’ Ekofisk 2/4 J platform.
New chief financial officer joins Jersey Oil & Gas
UK-based Jersey Oil & Gas has appointed a new chief financial officer with immediate effect.