Fossil Energy
Petrofac scoops more work with BP
Oilfield services provider Petrofac has won a three-year extension to its existing maintenance contract with oil major BP.
Serica seals the deal for Awilco rig
Serica Energy and drilling contractor Awilco have signed a contract for the provision of WilPhoenix rig for one-well workover on the Rhum field located off the UK.
Equinor granted drilling permit for North Sea well
Norwegian oil major Equinor has been given a drilling permit to drill the 30/2-5 S well in the North Sea, offshore Norway.
Green light for OMV to use Island Innovator rig in Norwegian Sea
Austrian oil and gas company OMV has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for exploration drilling in the Norwegian Sea using the Island Innovator drilling rig.
Demand for remote offshore rigs inspections skyrockets due to COVID-19
Classification society Bureau Veritas (BV), a world leader in testing, inspection and certification services, has noted a 900 per cent rise in demand for the remote inspection of offshore assets and equipment since the outbreak of the COVID-19 pandemic.
SSCV Sleipnir installs Nova module on Neptune’s North Sea platform
Heerema’s Sleipnir, the world’s largest semi-submersible crane vessel, has transported and installed the Nova topside module on the Gjøa platform in the North Sea.
Solstad agrees terms for two anchor handlers. Closes financial restructuring
Norwegian vessel owner Solstad Offshore has finalized negotiations regarding its financial restructuring and the agreed conditions for two Ocean Yield’s anchor handlers.
Solstad nets CSV contract pair
Solstad Offshore has signed a pair of construction support vessels (CSV) to new contracts, reporting deals for CSVs Far Saga and Normand Energy. The Brazilian flagged CSV Far Saga secured a three-year contract from Petrobras. Far Saga will carry two Work Class ROVs from C-Innovation suitable for ope
World’s largest crane vessel lifts Wintershall Dea’s Nova topside module
The world’s largest crane vessel, Sleipnir, has lifted Wintershall Dea’s Nova field topside module from the Rosenberg WorleyParsons yard in Stavanger, Norway.
Maersk Drilling in new round of layoffs
Offshore drilling company Maersk Drilling has decided to take another swing with the job axe and lay off even more staff.
Pacific Drilling improves in first quarter but expects challenging times ahead
Despite posting a loss in the first quarter of the year, offshore drilling contractor Pacific Drilling has had an overall better first quarter than the one in the year prior, but the company is preparing itself for ‘challenging times’ ahead.
Analysts warn of multi-year blow in umbilicals segment
The Covid-19 pandemic could see demand for umbilicals fall by 32 per cent this year, Rystad Energy impact analysis reveals. According to Rystad, expected demand could fall to just 713 kilometres of lines in 2020, from 1,041 kilometres last year. Umbilical demand will not match or exceed 2019 levels
Rig impairments take Noble Corp. deeper into the red
Noble Corporation saw its quarterly net loss deepen after being negatively affected by rig impairment charges amid lower demand as a result of the coronavirus pandemic and low oil prices.
Subsea 7 nets IOG North Sea SURF
Subsea 7 has secured a contract from Independent Oil and Gas (IOG) for the Blythe and Vulcan satellites field development in the UK Southern North Sea. The SURF contract follows the recent approval of the Phase 1 Field Development Plan by the UK Oil and Gas Authority. It includes 35 kilometres of fl