Fossil Energy
Eni gears up to drill Montenegro well as rig arrives
Italy’s oil and gas company Eni and Russia’s Novatek will start drilling an exploration well in waters offshore Montenegro later this month.
IOG sees increase in Goddard, Abbeydale resources. More prospects revealed
UK North Sea-focused Independent Oil and Gas (IOG) has seen an increase in resources held by the Goddard and Abbeydale discoveries following an interpretation of seismic data.
UK considering ban on new North Sea oil and gas exploration
The UK Government is considering declaring the beginning of the end for the North Sea oil industry with a ban on new exploration licenses.
Kistos makes Tulip Oil its first acquisition
Kistos, an investment company chaired by former RockRose founder Andrew Austin, has signed an agreement to buy the entire issued and outstanding share capital of Tulip Oil Netherlands B.V.
Three Noble rigs coming back from warm-stack for new gigs
Noble Corporation has won several new contracts for its fleet of drilling rigs, which will see three of its units come back from the warm-stack mode.
Subsea 7 lands ‘sizeable’ prize from mystery client
UK-based engineering, construction and services company Subsea 7 said Friday it has won a ‘sizeable’ contract with an undisclosed client. The deal is between $50 million and $150 million, the company said in its Oslo Exchange filing. The scope of work includes engineering, project management and pro
Jersey in fundraising talks, launches Greater Buchan Area farm-out process
North Sea-focused Jersey Oil & Gas has formally launched the farm-out process of the Greater Buchan Area in the UK North Sea and started talks to raise funds to progress work on the project.
Flaring in UK North Sea falls to lowest level on OGA records
UK’s Oil and Gas Authority (OGA) has reported that flaring in the North Sea has been reduced to the lowest level on the UK Continental Shelf on OGA records.
Shell CEO takes large pay cut after difficult 2020
The pay package of Shell CEO, Ben van Beurden, dropped by 42 per cent to $7 million in 2020, a year marked by low oil prices and the coronavirus pandemic.
Two oilfield services providers set to create full-cycle player
Expro Group and Frank’s International have entered into a definitive agreement to combine in an all-stock transaction.
Equinor gets go-ahead to drill North Sea well duo
Norwegian offshore safety agency, the Petroleum Safety Authority Norway (PSA), has given Equinor consent to drill two exploration wells offshore Norway, using the West Hercules rig. The wells named 30/11-U-1 and 30/11-U-2 are located in Production licence 035 and 272 in the North Sea. The licences a
Bilfinger Salamis names new general manager for Southern North Sea
Oilfield services provider Bilfinger Salamis UK has appointed Adam Mason as General Manager for its Southern North Sea business.
BW Ideol entering Oslo stock exchange, sets 10 GW target for 2030
BW Ideol, a company established after oil & gas services provider BW Offshore bought into the floating wind technology developer Ideol, has applied for admission to the Oslo Stock Exchange and is expected to start trading there around 18 March. Through a private placement of shares, for which a day-
OMV Petrom signs contract for block offshore Georgia
Romanian oil and gas company OMV Petrom has signed the production sharing contract (PSC) for the offshore Block II in the exclusive economic zone of the Georgian Black Sea.