Fossil Energy
Faroe increases credit facility by $100M to underpin growth plans
Faroe Petroleum has increased and extended the duration of its Reserve Based Lending bank credit facility to underpin its growth plans.
Update: Eni charters Saipem 12000 for Pakistan drilling
Eni has reportedly chartered Saipem’s drillship ‘Saipem 12000″ for work in Pakistan for an undisclosed dayrate.
Wellesley wraps up appraisal of Grosbeak discovery in North Sea
Wellesley Petroleum has successfully appraised the Grosbeak discovery in the Northern North Sea
i3 to submit enlarged Liberator field development plan by year-end
i3 Energy has unveiled plans for the submission of a revised FDP for the Liberator field offshore UK before the end of the year.
Equinor makes new oil discovery in Johan Castberg license
Equinor has made an oil discovery in production license 532 located on the Johan Castberg field in the Barents Sea offshore Norway.
Claxton equipment set for MOL’s first Norwegian well
Claxton has been contracted to support MOL Norge on its first well program on the Norwegian Continental Shelf.
Petrobras starts Peroba drilling
Brazilian oil company Petrobras has started drilling at the Peroba block in the pre-salt layer of the Santos Basin.
Popular news, October 22 – 28, 2018
Offshore Energy Today’s most read news of the week
U.S. offshore rig count drops to 19 active units
The number of active offshore rigs in the U.S. decreased by one unit this past week, according to a Friday report by Baker Hughes, a GE company.
Lekoil goes to court over regulatory approval delay
Nigeria-focused oil company Lekoil has informed that a court hearing will be held next month regarding its 2015 acquisition of a stake in an offshore oil field in Nigeria.
EMGS gets Letter of Award for South America work
Norway’s EMGS has said it has been given a letter of award for survey work in South America.
Higher oil prices boost Total’s 3Q profit
French oil major Total posted a 45 percent increase in the third quarter 2018 profit, boosted by higher production and oil prices.
Serica resumes Erskine flows
Serica Energy has managed to resolve issues with the Erskine to Lomond production line in the North Sea, and production from Erskine has resumed.
EMAS in talks with Udenna over $73 M investment
Emas Offshore, a struggling Singapore-based offshore vessel company, is in talks with a Philippine corporation over a potential investment of $73 million.