Fossil Energy
Faroe: Tambar wells online. Exceed expectations
Two new infill wells drilled this year on the Tambar field offshore Norway, have been brought online, Faroe Petroleum, a partner in the Aker BP-operated field said on Friday. Faore said the two new development wells’ initial performance exceeded pre-drill expectations. “During the fourteen days sinc
Lukoil installs wellhead platform topside for Yuri Korchagin Phase 2
Lukoil has installed the wellhead platform topside as part of Y. Korchagin field Phase 2 development.
Fugro deploys two vessels on seep hunting survey off Brazil
Dutch geoscience company Fugro has deployed two vessels offshore Brazil on a seep hunting survey.
Chrysaor awards North Sea job to Rowan jack-up
Offshore driller Rowan Companies has won a deal for one of its Super Gorilla Class jack-up rigs.
Statoil in top management shakeup ahead of name change
Statoil is making changes in its corporate executive committee (CEC) and structure ahead of its name change to Equinor. One notable change will be establishing Brazil as a separate business.
Total takes on Vantage rig for Gabon drilling
Offshore driller Vantage Drilling has secured a drilling contract for its jack-up rig the Topaz Driller with Total in Gabon.
Byron reaches 90 pct capacity at Gulf of Mexico platform
Byron Energy has passed the 90 percent production capacity mark on the SM 71 F platform following a pipeline shut-in earlier this month.
LLOG taking over Shenandoah discovery
LLOG Exploration Offshore (LLOG) has been named operator of the Shenandoah discovery in the U.S. Gulf of Mexico.
BP enters into new deal with Socar for Caspian Sea exploration
UK oil major BP and Azerbaijan’s Socar have signed a new production sharing agreement for the joint exploration and development of Block D230 in the North Absheron basin in the Azerbaijan sector of the Caspian Sea.
Thailand offers two offshore blocks under first ever PSC regime
Thailand has launched a bidding round offering two offshore blocks under a PSC regime for the first time in the country’s history.
Ensco books bigger loss on lower utilization, slashed rig rates
UK driller Ensco saw its net loss deepen over the first quarter 2018 with its revenues down lower rig utilization.
Hess grabs new acreage next to Guyana’s Stabroek block
Hess Corporation has acquired interest in new acreage offshore Guyana, which is close to the ExxonMobil-operated prolific Stabroek block where Hess also holds participating interest.
More red ink for Fred. Olsen Energy
Fred. Olsen Energy (FOE) booked a bigger loss in the first quarter of 2018 as its revenues fell compared to the prior-year period.
Higher oil prices boost ConocoPhillips profit
ConocoPhillips recorded an increase in earnings in the first quarter of 2018 on the back of higher oil and gas prices and lower expenses.