Fossil Energy
Eni could list stake in new retail-renewable spin-off
Italian oil and gas company Eni is looking to spin off a new combined retail and renewable energy business next year and sell a minority stake to further fund its energy transition plans.
Cairn sells stakes in two UK fields, buys Shell assets in Egypt
Cairn Energy has made two deals, one for the sale of its interests in two UK fields and the other for the purchase of Shell’s assets in Egypt.
Samsung to pay $411 million to Stena Drilling after losing rig dispute
Samsung Heavy will have to pay $411 million to rig owner Stena Drilling after losing a dispute related to the termination of a rig construction contract.
CGG taps Shearwater for Northern Viking Graben phase two
CGG has contracted Shearwater GeoServices for the phase two of its Northern Viking Graben multi-client 3D survey in the Northern North Sea. The new survey will expand on the phase one acquisition initiated in 2020. It will add a second azimuth over CGG’s existing Northern Viking Graben 3D survey and
Chrysaor renews North Sea contract for Stork
Stork, a Fluor company, has been awarded a two-year contract extension by Chrysaor to deliver offshore integrated specialist asset integrity services in the UK. The company said on Monday it would continue to deliver an inclusive range of asset management solutions and capabilities to extend the off
NEO Energy pushes for further growth with fresh North Sea deal worth $625 million
NEO Energy has made a deal to acquire Zennor Petroleum for about $625 million, less than two weeks after announcing a deal with ExxonMobil.
Ancala to process gas from Lundin’s Solveig, Rolvsnes field
The operator of midstream oil and gas infrastructure assets in the North Sea Ancala Midstream has secured a life-of-field contract to transport and process gas from Lundin Energy’s Solveig field.
Erria to handle marine warranty surveys for Maersk Drilling’s rigs
Danish maritime services provider Erria and Maersk Drilling have entered into a three-year agreement related to marine warranty surveys for Maersk’s rigs.
Second pipelayer to join Nord Stream 2 construction
A second Russian pipe-laying vessel is undergoing sea trials ahead of joining the Nord Stream 2 project, as construction continues despite growing political pressure.
Maersk to reactivate jack-up rig for Dutch North Sea job
Maersk Drilling has been awarded a one-well contract by Petrogas E&P Netherlands, which will employ the harsh-environment jack-up rig Maersk Resolute.
Neptune to test methods for measuring offshore methane emissions
Neptune Energy and EDF will test an approach for measuring oil and gas methane emissions from offshore oil and gas facilities.
Saipem to pay up for overtime work violation on rig
Saipem will have to pay compensation to two offshore workers in Norway due to the violation of working hours regulations.
Shell UK head to lead low-carbon fuels. North Sea boss replaced
Oil major Shell has made changes in its UK senior leadership as part of a global overhaul to cut costs and shift away from oil and gas to renewable power.
OPEC and allies extend oil production cuts into April
OPEC and allies on Thursday decided to extend oil production cuts into April 2021, while offering small exemptions to Russia and Kazakhstan.