Fossil Energy
The future of seismic data acquisition
Seismic surveys have for decades been a key part of offshore exploration, producing comprehensive imagery of sub-bottom rock formations that allow the location and evaluation of oil and gas deposits. They also find their use in assessments of the seabed for offshore construction, installations of re
Simon Møkster wins new ERRV gig from Aker BP
Norwegian offshore support vessel provider Simon Møkster has been awarded a new contract for ERRV services by Aker BP in Norway.
Boskalis Q3 offshore energy results partly hit by COVID-19, Horizon acquisition paying off
Boskalis has reported a revenue increase at its Offshore Energy business in the third quarter of 2020, compared to the previous two quarters, but also a drop in its order book to € 1.3 billion (€ 1.47 billion at the end of June). The company noted a strong contribution from the seabed intervention u
Total defers first gas from Tyra due to Covid-19 delays
Total has suffered delays with the Tyra Redevelopment Project due to the Covid-19 pandemic. As a result, the first production has been postponed to 2023.
Turkey starts drilling second well in Black Sea
Turkey has begun drilling a second borehole on the Sakarya natural gas field in the Black Sea where it made its largest-ever discovery earlier this year with the Tuna-1 (Danube-1) well.
Shell gets extra time to process data for North Sea gas prospect
Oil major Shell has reaffirmed its commitment to drill an exploration well on the Pensacola gas prospect in the UK North Sea.
Maersk Drilling wins new job in Dutch North Sea but loses another one in UK
Maersk Drilling has secured a contract from Petrogas in the Dutch North Sea for the harsh environment jack-up rig Maersk Resilient but it has also received a cancellation for a UK North Sea job.
Prosafe cuts losses despite lower revenues hit by Covid-19 and oil price crash
Prosafe has managed to reduce its quarterly loss despite lower revenues due to lower fleet utilisation and average day rates.
Wintershall Dea targets 30 pct reduction in CO2 emissions with new supply vessel
Wintershall Dea will reduce annual emissions on supply vessel services to the Brage platform by up to 30% when the Viking Princess vessel goes on contract.
BP to sell London headquarters for $324 million
Oil major BP is reportedly close to selling its global headquarters in central London for around $324,4 million under an accelerated schedule for the overhaul of the company.
Gazprom boasts ‘record-high’ gas inflow on Kara Sea shelf
Russian oil major Gazprom has reported ‘record high’ results following a test of the upper levels of an exploration well at the Leningradskoye field.
Rystad: Biden win could benefit short-term oil demand, but Trump win could be the most bullish outcome
Energy intelligence firm Rystad Energy believes that if Trump should win it may make oil prices great again while Biden effect is more mixed.
IOG still on schedule for Core Project first gas in 3Q 2021
UK-based Independent Oil and Gas (IOG) is still on target to achieve first gas from Phase 1 of its Core Project in the UK Southern North Sea (SNS) in the third quarter of 2021.
Baker Hughes in energy transition push with 3C buy
Oilfield services player Baker Hughes is acquiring a pioneering technology development company Compact Carbon Capture (3C). The agreement includes all intellectual property, personnel and commercial agreements. With this move Baker Hughes aims to provide solutions for carbon-intensive industries, in