Fossil Energy
Creditors allow Seadrill suspension of pay under leases for three rigs
Seadrill has agreed on the suspension of payments with creditors related to leasing arrangements for three drilling rigs while trying to restructure debt.
Norway: October oil output hit by strike action
Norwegian oil production in October 2020 was below forecast by the NPD due to effects of strike action as well as maintenance operations on some fields.
BP sells London HQ for nearly $332 million
Following reports that BP is preparing to sell its London HQ, the oil major has now entered into an agreement for the sale of the HQ for £250.1 million.
TAQA gains approval for decommissioning plans for North Sea topsides
TAQA Bratani has received approval for its drafts decommissioning programs for the Tern and North Cormorant platform topsides, located in the UK North Sea.
Equinor secures life extension for North Sea gas project
Equinor has received consent from Norway’s offshore safety agency for the life extension of the Tune and Tune Sør developments located in the North Sea.
AqualisBraemar to buy LOC in support of energy transition efforts
AqualisBraemar has entered into an agreement to acquire LOC Group, creating an even more complete service provider to the upstream oil and gas industry.
Odfjell Drilling firms up two contract awards with Equinor
Offshore drilling contractor Odfjell Drilling has firmed up contract awards with Equinor for drilling operations on two projects in Norway.
Repsol Sinopec preparing for decommissioning of UK North Sea field
Repsol Sinopec has received approval from the UK authorities for preparation work scopes relating to the decommissioning of the Fulmar and Auk North installations.
Equinor told to fix issues on two Norwegian projects
Norwegian offshore safety agency has found nonconformities following audits of the Equinor-operated Johan Castberg and Kristin projects in Norway.
Seadrill boosts backlog with new deals but plans for recycling spree
Seadrill has added approximately $52 million to its backlog following the end of 3Q and is looking to manage its rig count by recycling some of its rigs.
Drilling permit to Equinor for North Sea wells
The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for two wells in the North Sea off Norway.
Spirit hires Sparrows for crane services across Morecambe Hub assets
Sparrows Group has been awarded a five-year contract by Spirit Energy for crane maintenance and lifting services across its Morecambe Hub assets.
Norway turns the spotlight on Barents Sea in 25th licensing round
Norway’s Ministry of Petroleum and Energy launched the 25th licensing round, encompassing 136 blocks in the Norwegian Sea and the Barents Sea off Norway.
Equinor set to drill North Sea well duo
Equinor is ready to drill two wells in the North Sea offshore Norway following the receipt of approvals and permits from the Norwegian authorities.