Fossil Energy
Apache to speed up first oil from North Sea discovery
Apache plans to accelerate initial production from its Garten discovery located in the UK North Sea.
Shell in one of ‘strongest ever’ quarters. Profit soars on higher oil prices
Oil giant Shell posted a jump in earnings on the current cost of supply basis, boosted by higher oil and gas prices, in what Shell CEO said was one of the company’s strongest ever quarters.
Noble Corp. eyes increase in offshore drilling activity despite 3Q loss
Similar to its rival Rowan, offshore driller Noble Corporation is seeing an increase in offshore drilling activity despite recording a loss for the third quarter of the year.
Vitol-led consortium buys Petrobras’ Nigerian assets for $1.4B
A Vitol-led consortium has agreed to acquire a Petrobras’ offshore fields in Nigeria for $1.407 billion. The consortium buying the stake is comprised of Vitol, Africa Oil, and Delonex.
Australia: New offshore exploration permits could see $530M investment over 6 years
The Australian Government has awarded seven permits as part of the 2017 Offshore Petroleum Exploration Acreage Release.
Offshore safety body spots irregularities on Ekofisk
The PSA has found irregularities during an audit of ConocoPhillips’ Ekofisk in the North Sea.
Guyana OKs Total’s entry into 2,9 bboe Orinduik offshore block
French oil company Total’s proposed farm-in into an offshore oil block in Guyana has received approval from the country’s president David Granger.
Anadarko awaiting approval for Mozambique Area 1 offshore contractors
Anadarko, as operator of Mozambique’s offshore Area 1, is waiting for approval from the Government of Mozambique for the offshore contractor of the project.
Rowan, Ensco see improvement in offshore drilling space
U.S. offshore drilling company Rowan, expected to be acquired by its UK rival Ensco, sees improvement in the offshore drilling space.
Backed by higher crude prices, Hess returns to profit
Hess Corporation has returned to profit in the third quarter of 2018 compared to the prior-year quarter helped by higher crude oil selling prices.
Repsol records higher profit in 3Q and highest 9-month result in last decade
Spanish oil company Repsol recorded an increase in its profit for the third quarter of 2018 driven by improvement in its upstream business. Repsol said on Wednesday that its operating income for the third quarter 2018 increased to 934 million euros from 653 million euros in the same period last year
ADX finds farm-in partner for offshore block in Italy
Oil and gas company ADX Energy has found a farm-in partner for its acreage in Italy. The partner, SDP Services Limited, will fund a part of its work program in the 363 C.R-.AX Permit.
Faroe secures drilling permit for Brasse East appraisal
The Norwegian Petroleum Directorate (NPD) has granted Faroe Petroleum a drilling permit for well 31/7-3 S located offshore Norway.
Odfjell Drilling finalizes $325M loan deal for new offshore rig
Offshore driller Odfjell Drilling has signed the final agreement for a $325 million bank loan that will be used to finance rig acquisition.