Fossil Energy
Avance Gas sells VLGC Avance
Liquefied petroleum gas (LPG) transporter, Avance Gas, has agreed the sale of another one of its very large gas carriers to a third party for $35 million.
Fugro delivers remote inspection in UK sector
Fugro has delivered the first fully remote inspection of an oil and gas platform in UK waters. The project took place 250 kilometres east of Scotland, using an ROV and Fugro’s remote operations centre (ROC) in Aberdeen. In a first for the UK sector, the platform’s entire jacket structure was inspect
Noble Corporation files for bankruptcy protection
Offshore drilling contractor Noble Corporation has filed for Chapter 11 bankruptcy protection to restructure its debt following a “severe downturn in commodity prices which has been compounded by the Covid-19 pandemic”.
ConocoPhillips gets drilling permit for Norwegian Sea well
The Norwegian Petroleum Directorate (NPD) has granted ConocoPhillips a drilling permit for a well located in the Norwegian Sea.
Maersk Drilling chief financial officer to step down
The chief financial officer (CFO) of Danish offshore driller Maersk Drilling has announced he would leave the company.
NEO Energy wraps up buy of Total’s UK North Sea assets
NEO Energy has completed the acquisition of a portfolio of operated and non-operated assets in the UK North Sea from two Total subsidiaries.
Eni names new chief financial officer
Italian energy major Eni has appointed a new chief financial officer (CFO) of the company.
IOG picks HSM Offshore for EPCI work on Core Project Phase 1
Independent Oil and Gas (IOG) has awarded the engineering, procurement, construction, and installation (EPCI) contract for its Core Project Phase 1 platforms to Dutch contractor HSM Offshore.
Barryroe consortium spots filled by top service providers
Irish oil and gas exploration company Providence Resources has revealed the list of companies which are part of a consortium set to develop the Barryroe field offshore Ireland.
Prosafe still negotiating with lenders as forbearance agreement expires
Regardless of the recent loan forbearance agreement extension expiring, Prosafe is still in discussions with lenders to find a long-term financial solution which would stabilize operations.
EnQuest to operate Bressay field as Equinor halves interest
Equinor has agreed to sell a 40.8125 per cent interest in and transfer operatorship of the Bressay oil field development on the UK continental shelf to EnQuest.
Floatel to book nearly $400 million in impairment charges
Floatel International will book impairments of nearly $400 million for the second quarter of the year due to impairments of its vessels made amid challenging market situation.
Green light for Equinor to use Maersk rig on Martin Linge field
Norwegian oil major Equinor has received safety consent from the country’s offshore safety watchdog to use the Maersk Intrepid jack-up rig on the Martin Linge field offshore Norway.
Equinor comes up dry in Barents Sea well
Equinor has drilled a dry well near the Johan Castberg field in the Barents Sea offshore Norway.