Fossil Energy
Borr Drilling adds $35 million to backlog with potential for even more work
Offshore drilling contractor Borr Drilling has added about $35 million to its backlog following new contract awards for its jack-up rig fleet.
BP relaunches sale of North Sea assets Premier Oil gave up on
BP has reportedly relaunched the sale of its North Sea assets it initially tried to sell to Premier Oil before its takeover by Chrysaor.
Energean takes over Total stake in block off Greece
Energean has completed its acquisition of Total’s entire 50 per cent working interest share and operatorship position in Block 2, offshore Western Greece.
Rem Offshore’s PSV hired for wind farm work
Rem Offshore has been awarded a contract by Van Oord for its PSV Rem Trader to be deployed on an offshore wind project in France. The PSV will be working on the Saint Brieuc offshore wind farm throughout 2021 and 2022. “Rem is looking forward to place PSVs in other segments to show the diversity [&h
TechnipFMC split set to wrap up in Q1
TechnipFMC has relaunched its plan to split into two publicly traded companies aiming to complete the proceedings in the first quarter of 2021. Initial separation was put off in March last year due to the COVID-19 pandemic. As reported earlier, the move will result in TechnipFMC, a fully integrated
ASN wins Northern Lights contract
Alcatel Submarine Networks (ASN) has signed a contract with Equinor to build a DC/FO subsea control infrastructure for Northern Lights CO2 transport and storage project. The ASN DC/FO will provide independent high electrical power and fiber connectivity to the subsea CO2 injection wells. Specificall
James Fisher ups outlook on better Q4
Marine services player James Fisher and Sons has upgraded its outlook on annual performance following improved results in the fourth quarter of 2020. “Whilst the fourth quarter continued to be challenging, we saw an improvement in trading over the third quarter with revenue ahead sequentially by 7 p
Express Engineering divests aerospace unit to focus on O&G
UK subsea energy products company Express Engineering has sold off part of its business to focus on expanding its capabilities in the oil and gas market. Namely, the Gateshead-based firm has sold its aerospace division for an undisclosed sum to Paralloy a Nimbus LLC company, which has operations in
Equinor picks ASN for Breidablikk cabling
Equinor and Alcatel Submarine Networks (ASN) have signed a new contract for the roll out of the submarine cable for subsea control infrastructure for Equinor’s Breidablikk field development. Breidablikk is a large oil discovery on the Norwegian Continental Shelf located north-east of the Grane field
Neptune adds more work to Deepsea Yantai rig backlog
Offshore drilling contractor Odfjell Drilling has won more work for its Deepsea Yantai drilling rig from Neptune Energy for operations offshore Norway.
Pioneering Spirit vessel hired to remove Morecambe platforms
Allseas’ giant heavy lift vessel, the Pioneering Spirit, will remove the DP3 and DP4 platforms from Morecambe Bay off the UK for Spirit Energy.
Ithaca adds another Repsol Sinopec man to executive team
Oil and gas company Ithaca Energy, a subsidiary of Israel’s Delek Group, has appointed David Crawford as Chief Financial Officer of the company.
ConocoPhillips gets nod for remote operation of North Sea platform
ConocoPhillips has received consent from the Norwegian offshore safety watchdog for remote operation of a North Sea platform.
Russia: Annual oil production at lowest level since 2011
Russia’s oil production declined last year for the first time since 2008 and reached its lowest level since 2011 following a global deal to cut output and low demand due to the coronavirus.