Fossil Energy
OEEC: System integration across borders
North Sea countries share many of the same challenges and opportunities when it comes to the offshore industry.
Worldwide offshore rig count rises in October
The worldwide offshore rig count in October rose by three units compared to October 2017 numbers. According to BHGE’s report released on Wednesday, the worldwide offshore rig count in October 2018 was 230 units, up from 227 a year ago. Baker Hughes, a GE company, splits it rig counts to internationa
Solstad’s loss deepens. Dayrates low, recovery slow
Norway’s offshore vessel owner Solstad Offshore has said that the OSV market recovery is slow and the dayrates for the vessels are still not at sustainable levels for the owners.
Norway OKs Shell’s sale of Draugen and Gjøa field interests
The Norwegian authorities have given the green light for Shell’s proposed sale of the licenses containing the Draugen and Gjøa field in the North Sea to OKEA.
Hydrogen – the holy grail for transmission
Hydrogen is seen as an important factor in energy transition and tackling the climate change challenges and meeting Paris goals.
Fred. Olsen Energy plans to get rid of another rig amid refinancing efforts
Offshore driller Fred. Olsen Energy (FOE) plans to sell the drillship Bolette Dolphin as part of its ongoing refinancing efforts.
Wintershall makes Maersk Drilling preferred contractor, awards first gig
Maersk Drilling and oil and gas company Wintershall have extended their previous cooperation in a new agreement which gives Maersk Drilling the status of preferred contractor to Wintershall’s offshore drilling work.
Wood joins forces with Nobel Oil to provide services in Azerbaijan
Wood and Nobel Oil have entered into a joint venture (JV) agreement to provide engineering and operations support services to the oil and gas market in Azerbaijan.
Tower Resources inks new petroleum agreement in Namibia
Tower Resources has signed a new petroleum agreement with the Government of Namibia covering an 80% operated interest in blocks 1910A, 1911 and 1912B, offshore Namibia.
Panoro buying OMV Tunisia for $65 million
Oslo-listed Panoro Energy has agreed to buy OMV’s assets in Tunisia for $65 million through the acquisition of OMV’s subsidiary OMV Tunisia Upstream.
Point Resources takes CHC helicopter for Norwegian ops
CHC Group has signed a three-year contract with Point Resources, providing aviation services to the company’s operated Balder, Ringhorne and Jotun fields in the Norwegian North Sea.
WorleyParsons in North Sea deal with ConocoPhillips
WorleyParsons has been awarded a frame agreement for engineering and construction (E&C) services and an engineering, procurement and construction (EPC) contract in the UK with ConocoPhillips.
Lundin sees profit drop despite spike in revenues
Swedish oil company Lundin Petroleum saw its profit drop in the third quarter of 2018 despite higher revenues.
Deals signed for processing of Browse, Clio-Acme gas via NWS facilities
Deals signed for processing of Browse, Clio-Acme gas via NWS