Fossil Energy
Cairn Energy plans to change its name
Oil and gas company Cairn Energy has revealed plans to change its company name effective from 13 December 2021.
Maersk wins new gig for warm-stacked rig, boasts second-highest quarterly revenue since listing
Maersk Drilling has revealed a new contract award for one of its jack-up rigs as well as details on its quarterly financial performance.
Cairn concludes sale of interest in two UK fields for $455 million
Cairn Energy has completed the sale of its interests in the Catcher and Kraken fields located off the UK for $455 million.
After Europe, offshore wind spending closing in on oil & gas in Asia, US
Offshore wind spending is nearing that of offshore oil and gas and is anticipated to surpass it in several key markets by 2030, Rystad Energy said, with Europe being the first to count more offshore wind than oil and gas investments, followed by Asia (excluding China) and the US. In Europe, the UK a
Offshore drillers see meaningful improvement in market environment
Two giant offshore drilling contractors are encouraged by meaningful signs of improvement in the market and increase in rig day rates.
Vår Energi refinances with $6 billion loan from 12 banks
Norwegian oil and gas company Vår Energi has taken out a loan of $6 billion from 12 different banks as part of its refinancing strategy.
Neptune wraps up methane study in push to drive down emissions from O&G
Neptune Energy has completed a study with EDF to measure methane emissions on a working UK offshore platform using drone technologies.
BP profit soars on higher oil and gas prices
Driven by higher oil and gas prices, BP saw its profit soar in the third quarter of 2021 when compared to the same period last year.
Fresh contracts pour in for offshore rig owners as market continues to recover
Offshore rig owners are reaping the benefits of market recovery with more and more players hiring rigs for their exploration plans.
McDermott focusing on final piece of the puzzle for Tyra
Following the sail away of two bridges and a flare, McDermott is focusing on completing a final piece of the puzzle for Tyra.
Sylvia Boer on AYOP’s DecomMissionBlue initiative
Sylvia Boer, director of Amsterdam IJmuiden Offshore Ports (AYOP), shares more about the association’s recently launched DecomMissionBlue initiative to tackle the growing challenge of decommissioning and recycling offshore and maritime objects and other old assets.
Solstad gets its hands on another contract extension
Solstad Offshore has won a contract extension with Conoco Phillips for a platform supply vessel for operations offshore Norway.
Equinor confirms sixth discovery on Norwegian shelf this year
Norwegian oil and gas giant Equinor has confirmed oil discovery in the Egyptian Vulture exploration well located in the Norwegian Sea.
In focus: Ships, oil & gas platforms to get greener by the day with clean fuels and renewables
Massive investment announcements and ambitious new developments in the energy and shipping sectors marked this week on Offshore Energy (well, together with our Offshore Energy Exhibition & Conference), as work on the global energy transition is moving forward through numerous new initiatives.