Fossil Energy
OPITO names ex-Petrofac man as director of strategic development
Global standards and workforce development organization OPITO has named a new director of strategic development.
Harvey Gulf expanding to Mexico, Trinidad, and Guyana
Harvey Gulf International Marine, a U.S. Gulf of Mexico focused offshore support vessel owner is expanding its scope and targeting new markets in Mexico, Guyana, and Trinidad.
Interview: Asset value aside, banks interested in rigs’ money making potential
Many investors not only want to know the fair market value of an asset, but they also take into account projected future cash flows
Woodmac: New kids on North Sea blocks spark new momentum
A new wave of privately backed oil firms has taken over the North Sea basin by storm spurring record M&A activity over the past few years.
Aker BP signs smart service contract in push to digitalize offshore operations
Norwegian oil company Aker BP has signed a “data liberation contract” with Cognite and Framo as the company intensifies the digitalization of offshore operations.
Equinor to invest more than $15 billion in Brazil until 2030
Brazil has become a core area for the Norwegian oil and gas giant Equinor with daily oil production of over 90 000 barrels per day from current fields and with expected investments of more than $15 billion until 2030.
Odfjell Drilling takes loan for acquisition of former Stena rig
Odfjell Drilling has accepted an offer from bank lenders for a $325 million senior secured term loan facility to finance the acquisition of the former Stena-owned Deepsea Nordkapp drilling rig.
Ultra Deep Solutions set to begin work on new hybrid DSCV
Singapore-based Ultra Deep Solutions will begin the design, engineering, and construction of its sixth diving support and construction vessel (DSCV).
JDR inks five-year service deal with Wild Well
JDR Cables Systems has been awarded a five-year service agreement with Wild Well Control, a Superior Energy Services company.
CHC makes inaugural H175 flight to Neptune platforms
Neptune Energy and CHC marked the inaugural flight from Norwich with the H175 to the Cygnus A and Cygnus B installations in the North Sea earlier this month.
Polaris expands with safety specialist buy
Polaris and Falck have signed an agreement which will see Polaris acquire 100 percent of the shares in Falck Safety Services Holding A/S.
GulfSlope encounters oil sands at Canoe well in Gulf of Mexico
GulfSlope Energy has informed that its Gulf of Mexico well targeting the Canoe prospect has encountered oil sands.
ExxonMobil spins drill bit off Australia in search of new gas source
Esso Deepwater Gippsland, an Australian subsidiary of ExxonMobil, has begun an offshore exploration drilling program in the Gippsland Basin to search for new sources of gas.
Faroe: DNO’s request for new directors would be ‘soundly defeated’
Faroe Petroleum has stated that the request by DNO to appoint two of its directors to the Faroe board would be shot down even if the general meeting was held.