Fossil Energy
Green light for Equinor’s $2.2 billion project in North Sea
Equinor’s plan for development and operation (PDO) of the Breidablikk field in the North Sea has been approved by Norwegian authorities.
Saipem rents ex-Ocean Rig drillship from Samsung Heavy
Saipem has signed a bareboat charter contract with Samsung Heavy for a new drillship, which will be delivered later this year.
EMGS lands additional multi-client and late sale contracts
Norwegian Electromagnetic Geoservices (EMGS) has secured an additional $1.2 million in prefunding for the upcoming Utsira High North Sea multi-client survey.
Allseas vessel delivers Morecambe Bay platforms to CessCon yard for decom
CessCon Decom has taken delivery of the DP3 and DP4 platforms from Spirit Energy’s Morecambe Bay development in the East Irish Sea.
Wood to pay $177M to settle US, UK, Brazilian bribery charges
Energy services company John Wood Group has resolved bribery and corruption investigations into the past use of third parties in the legacy Amec Foster Wheeler business.
UK High Court rejects Hurricane Energy’s debt restructuring plan
The High Court of Justice of England and Wales has not sanctioned Hurricane Energy’s financial restructuring plan that would have handed control of the company to its bondholders.
Shell becomes technical developer for Acorn CCS project
Energy supermajor Shell has been named as the technical developer for the Acorn carbon capture and storage (CCS) project in the UK.
SBM Offshore closes financing for Exxon’s Payara FPSO
SBM Offshore has completed the project financing for an FPSO which is destined to operate on ExxonMobil’s Payara project in Guyana.
Repsol Sinopec extends lease for North Sea FPSO
Repsol Sinopec Resources has awarded an extension of the bareboat charter to the Bluewater-owned FPSO Bleo Holm.
Vår Energi hands out long-term deals to local suppliers
Norwegian oil and gas company Vår Energi has awarded long-term contracts for HSSEQ services to local suppliers.
In focus: Time to part ways with old habits
Old habits die hard. Hence, it may be a lot more difficult for the offshore energy industry and the maritime sector to make peace with the transition they have to undergo and renounce previous business practices. The message was echoed in this week’s protest of Greenpeace environmental activists, wh
4Subsea to monitor Var Energi’s drilling ops offshore Norway
4Subsea has secured a service agreement with Vår Energi to monitor and analyse wellhead integrity to ensure safe operations for the Balder Future drilling and completion operations in Norway. Under the three-year deal, 4Subsea will monitor the West Phoenix drilling rig for the Norwegian oil and gas
Greenpeace activists protest against new oil licences in Norway
Greenpeace activists have chained themselves in front of the Norwegian Ministry of Petroleum and Energy in protest against new oil licences.
Petrofac and SOCAR JV to support BP ops in Azerbaijan
Petrofac, in JV with SOCAR, has secured a contract worth around $25 million to support BP’s Azeri Central East project in Azerbaijan.