Fossil Energy
Stena Drilling drillship wins work in the Mediterranean
Offshore drilling contractor Stena Drilling has won a new contract for its ultra-deepwater drillship Stena Forth in the Mediterranean Sea offshore Israel.
Petrofac CEO to retire after 30 years. Former Shell VP to take his place
Group chief executive of oilfield services provider Petrofac has decided to retire at the end of the year.
Wage settlement ends oil strike in Norway
Norwegian oil firms were able to strike a wage bargain with officials of labour union Lederne on Friday, ending a 10-day strike which threatened to cut the country’s oil and gas output by almost 25 per cent.
Neptune Energy to use Halliburton cloud well construction suite
Oil and gas exploration firm Neptune Energy has decided to adopt Halliburton’s DecisionSpace 365 well construction suite of cloud applications to consolidate all global drilling and wells activities.
Lukoil starts phase two of Vladimir Filanovsky development drilling
Russian independent oil company Lukoil has launched phase two of the development drilling campaign on the Vladimir Filanovsky offshore field in Astrakhan.
Norway’s striking labour union, oil firms to meet with mediator
Oil firms and labour officials in Norway will meet on Friday with a state-appointed mediator to try to end a strike threatening to cut output from the country by some 25 per cent.
OPEC: Oil demand to decline after plateauing in late 2030s
World oil demand will plateau in the late 2030s and by then begin to decline, the Organization of the Petroleum Exporting Countries (OPEC) said in its 2020 World Oil Outlook.
Havyard extends closure as 75 people test positive for COVID-19
A total of 75 people associated with Norway’s shipbuilder New Havyard Ship Technology AS, part of Havyard Group, have tested positive for the coronavirus, further extending the closure of the yard. The Leirvik-based shipyard temporarily halted activities on September 30, after four infection cases w
Designing of carbon-neutral offshore oil and gas platforms underway
U.S. engineering firm McDermott has teamed up with electrical equipment giant Scheider Electric and io consulting, a Baker Hughes company, to design carbon-neutral facilities for the upstream oil and natural gas market.
Airborne Oil & Gas becomes Strohm
Dutch-based thermoplastic composite pipe (TCP) manufacturer Airborne Oil & Gas has changed its name to Strohm. The launch of the new brand comes as the organisation confirms its commitment to the oil and gas sector’s energy transition and accelerates its strategic growth into the renewables market.
Lukoil, KazMunayGas ink deal for Al-Farabi block in Kazakh Caspian Sea
Russian oil and gas company Lukoil and Kazakhstan’s state-owned company KazMunayGas (KMG) have signed an agreement for future obligations on the Al-Farabi Project in the Kazakh Sector of the Caspian Sea.
Eni secures carbon storage licence in UK
The UK Oil and Gas Authority (OGA) has awarded a carbon dioxide (CO2) appraisal and storage licence to Eni. The carbon storage licence will cover an area located within the Liverpool Bay area of the East Irish Sea. Under the licence, Eni plans to reuse and repurpose depleted hydrocarbon reservoirs (
Neptune Energy increases stake in Dugong discovery
Oil and gas exploration firm Neptune Energy has signed an agreement with Concedo for the acquisition of a further five per cent interest in the Dugong license in the Norwegian sector of the North Sea.
ConocoPhillips picks up drilling permit for Norwegian Sea well
The Norwegian Petroleum Directorate (NPD) has granted ConocoPhillips a drilling permit for a wildcat well in the Norwegian Sea.