Fossil Energy
OKEA restarts Draugen after nearly a month-long turnaround
Oil and gas company OKEA has successfully completed a turnaround on its operated Draugen platform located offshore Norway.
Red quarter for Polarcus as revenues sink
Marine seismic player Polarcus has slipped deeper into the red in Q2 2020 as revenues dropped close to 66 per cent compared to prior year. The Oslo-listed company reported second quarter 2020 loss of $20.7 million, versus loss of $0.6 million in Q2 2019. Polarcus generated quarterly revenues of $22.
Aker BP cleared for production drilling on two fields offshore Norway
Aker BP has received safety consents from the Norwegian offshore safety watchdog to use two rigs for production drilling on two fields offshore Norway.
OGTC and ORE Catapult in energy transition alliance
Two UK energy technology and innovation organisations have announced a five-year collaboration to deliver next generation energy technologies and accelerate the United Kingdom’s transition to a net zero future. The Energy Transition Alliance (ETA), formed by The Oil & Gas Technology Centre (OGTC) an
Chariot CEO steps down
Chariot Oil & Gas CEO, Larry Bottomley, has stepped down from the company with immediate effect and two others have joined the board.
Eni calls Nigeria bribery case ‘completely groundless’ as prosecutors seek jail sentence
Eni considers that the Public Prosecutor’s requests for conviction of the company and its executives in the Nigeria bribery case are completely groundless.
Will Chevron’s Noble Energy swoop trigger a wave of M&A deals in oil & gas sector?
What will happen next in the upstream M&A and what direction will it take? Is now the time to go on the first buying spree after the COVID-19 outbreak and get the high-value goods at a bargain price? Chevron might agree.
Claxton pens master service deal with Aker BP
Claxton, an engineering and services company in subsea services group Acteon, has signed a master service agreement (MSA) with Aker BP.
Vroon scoops three deals with Total
Dutch provider of offshore support vessels Vroon Offshore Services has secured contracts with Total’s UK entity for three emergency response and rescue vessels (ERRV). Vroon said last week that the VOS Enterprise, VOS Prospector, and VOS Vigilant vessels would support Total E&P UK’s North Sea operat
Heerema’s Sleipnir vessel sets jacket lifting record
Heerema’s Sleipnir, the LNG-powered world’s largest semi-submersible crane vessel, has set a record for the largest single lift jacket removal.
Premier Oil signs discount deals for BP’s North Sea assets buy
Oil and gas company Premier Oil has signed sale and purchase agreements with oil major BP for the acquisition of its interests in the Andrew Area and its Shearwater assets, under revised terms announced in June.
SpotOn Energy takes next step in Barryroe farm-in
After securing exclusivity for the farm-out of Providence’s Barryroe field through $3 million investment, SpotOn Energy took a new step in the farm-out process.
Maersk Drilling secures more rig work with Aker BP
Maersk Drilling has secured an additional one-well contract from Aker BP for the low-emission jack-up rig Maersk Integrator.
Norwegian oil output in June drops below NPD’s prediction
Norwegian oil production has dropped below predictions made by the Norwegian Petroleum Directorate (NPD) after being above the limit for two months in a row.