Fossil Energy
ADNOC to increase oil production capacity to 4 mmbpd by end of 2020
Abu Dhabi’s Supreme Petroleum Council has approved ADNOC’s new integrated gas strategy and plans to increase its oil production capacity to 4 million barrels per day (mmbpd) at the end of 2020 and 5mmbpd by 2030.
Serica meets conditions for Rhum field sanctions waiver, buys more stake in Bruce and Keith
Serica Energy and BP have satisfied conditions of the license relating to the UK North Sea Rhum field issued by the U.S. OFAC regarding the interest in the field held by the Iranian Oil Company.
Halliburton to mark 100th anniversary by ringing NYSE Opening Bell
Halliburton will kick off its 100th-anniversary celebration by ringing the Opening Bell at the New York Stock Exchange (NYSE) on Monday.
Popular news, October 29 – November 4, 2018
Offshore Energy Today’s most popular news of the past week.
U.S. weekly offshore rig count sinks to 18 units
The number of offshore rigs in the U.S. dropped to 18 units last week, according to weekly rig count reports by Baker Hughes,.
Chevron sees double in 3Q earnings
U.S. oil major Chevron has doubled its third quarter earnings on the back of higher crude oil prices.
ExxonMobil’s third quarter earnings go up by 57 pct
Oil major ExxonMobil boosted its third quarter earnings by 57 percent as crude and natural gas prices strengthened compared to the same period last year. According to its financial report published on Friday, the company’s earnings increased by 57% to $6.2 billion in the third quarter of 2018 compar
Turkish drillship starts drilling Mediterranean Sea well
Turkey’s first drillship Fatih is now at location and ready to drill the Alanya-1 well located in the Eastern Mediterranean Sea.
Vantage Drilling cuts losses as rig utilization improves
Offshore driller Vantage Drilling has reduced its quarterly net loss on the back of higher revenues as its rig utilization went up compared to the prior-year period. Vantage Drilling on Friday reported a net loss of approximately $26.1 million for the three months ended September 30, 2018 as compare
African Petroleum still seeking arbitrator for Senegal case
African Petroleum (AP) is looking for an alternative arbitrator for its arbitration proceedings in Senegal after a potential conflict was identified for its previous nominee. The Senegalese government has not appointed an arbitrator either. To remind, AP registered a request for arbitration proceedi
Odfjell Drilling to extend bank facility
Offshore driller Odfjell Drilling has accepted a firm offer to extend the bank facility of Odfjell Drilling Services until November 9, 2019.
Halfwave scoops two inspection contracts with Woodside
Oil and gas inspection services company Halfwave has won two new in-line inspection contracts from Australian energy giant Woodside.
Havyard delivers sixth anchor handler to Brazilian owner
Norwegian shipbuilder Havyard has delivered a sixth anchor-handling vessel to the Brazilian shipping company Grupo CBO.
Petrobras settles $1 billion debt, secures new financing
Petrobras has prepaid a debt with Banco Santander in the amount of $1 billion, due in 2023.