Fossil Energy
Petrofac puts Awilco rig on standby rate
Petrofac has postponed the beginning of the plug & abandonment program on Rubie and Renee fields in the UK North Sea. As a result, Awilco Drilling’s rig has been put on standby.
Wintershall Dea begins Nova subsea campaign
Wintershall Dea has installed two manifolds in the templates on the seabed of its Nova field project located offshore Norway.
Solstad Offshore finds work for six vessels
Norwegian vessel owner Solstad Offshore has entered into medium-term contracts for six of its vessels with undisclosed clients.
GMS rejects takeover offer from Seafox
Abu Dhabi-based Gulf Marine Services (GMS) has turned down a USD 32 million takeover offer from Seafox International saying that the offer ”fundamentally undervalues GMS”. As reported earlier, Seafox submitted an unsolicited and non-binding possible cash offer for the entire issued and to be issued
April sees steep decline in worldwide offshore rig count
The worldwide offshore rig count in April 2020 has dropped 28 rigs year-over-year and 19 rigs sequentially, according to rig count reports by Baker Hughes Company.
Solstad and Ocean Yield agree another standstill extension for AHTS duo
Shipowning company Ocean Yield and Solstad Offshore have agreed to further extend the standstill period for two anchor handlers.
Wintershall Dea cleared to use West Mira rig on Nova field
German oil and gas company Wintershall Dea has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for production drilling and completion on the Nova field using the West Mira drilling rig.
Borr Drilling sells two jack-up rigs
Borr Drilling has decided to sell two jack-up rigs for total cash proceeds of $15.8 million.
UK approves IOG’s plan for North Sea development
The UK Oil & Gas Authority (OGA) has approved IOG’s field development plan for the Core Project Phase 1 located in the UK North Sea.
Impairments take Transocean deeper into the red
Transocean recorded a wider loss in the first quarter of 2020 when compared to the same period last year due to impairments on assets.
Israeli player still up for Sea Lion farm-in
Rockhopper Exploration and Premier Oil, partners in the Sea Lion project located offshore the Falkland Islands, have agreed to extend the exclusivity period to Navitas Petroleum, further closing in on a definitive Sea Lion farm-out.
Maersk Drilling bags $100 million deal with Equinor
Maersk Drilling has been awarded a contract by Equinor for the drilling of three and plugging of one well on the Martin Linge field offshore Norway.
Lundin lifts output forecast as quarterly revenues grow
Lundin Energy saw its quarterly revenues grow on the back of Johan Sverdrup start-up. As a result of strong performance from the Norwegian fields, Lundin has increased its full-year production guidance.
Norway to introduce oil output cuts until end of 2020
The Norwegian Government has decided to make oil production cuts in an attempt to more rapidly stabilise the oil market.