Fossil Energy
i3 opens data room to entice farm-in partners for UK offshore assets
UK independent i3 Energy has opened its data room to potential partner companies looking to farm into the company’s UK North Sea assets.
ConocoPhillips extends Bristow contracts in North Sea
Bristow Group has been awarded extensions to two contracts with ConocoPhillips to support its air transportation crew change and shuttle/search and rescue (SAR) services for the Greater Ekofisk Area in the North Sea.
Reach Subsea sees ‘unprecedented level of visibility’
Reach Subsea has been awarded several contracts and call-offs under frame agreements for 2020 execution, representing about 200 project days.
Well-Safe taps Schlumberger for well services in North Sea
Well-Safe Solutions has awarded a “significant work scope” to Schlumberger for the provision of plug and abandonment well services in the North Sea.
Kvaerner profit dips despite higher revenues
Kvaerner saw its profit drop in the last quarter of 2019 compared to the prior-year period despite increase in revenues.
Equinor awards new charter deals to Norwegian platform suppliers
Equinor has awarded charter contracts to two platform supply vessels owned by Eidesvik and Havila Shipping.
Providence to return APEC’s Barryroe stake to original owners
Irish oil and gas company Providence Resources has started the regulatory process of transferring APEC’s 50 percent equity in the Barryroe license back to its original owners.
Creditors vote in favor of Premier’s North Sea deal despite objections
Premier Oil has gained approval from the majority of its creditors for the schemes of arrangement required for the acquisition of North Sea assets from BP and Dana Gas. The schemes still remain subject to a court approval.
BP to make major organization changes in push to reach net zero by 2050
Oil major BP has set a new ambition to become a net zero company by 2050 or sooner, and to help the world get to net zero.
Pacific Drilling to appeal $320 million arbitration award to Samsung Heavy
Pacific Drilling has filed an application with the High Court in London for leave to appeal the decision issued in arbitration proceedings with Samsung Heavy Industries (SHI) regarding the construction contract of the Pacific Zonda drillship.
ConocoPhillips hits dust in North Sea well
ConocoPhillips has concluded the drilling of a wildcat well near the Balder field in the North Sea, offshore Norway. The well is dry.
VIDEO: Aker BP explores use of robots in offshore oil & gas industry
Norwegian oil and gas operator Aker BP and software company Cognite have entered into a strategic initiative to explore how robotic systems can be used to make offshore operations safer, more efficient, and more sustainable.
Rystad cuts global oil demand growth forecast over coronavirus impact
The coronavirus epidemic in China has triggered restrictions in the country’s public transport and air travel, both at a domestic and an international level, reducing demand for oil.
Aker BP profit jumps on higher revenues and record output
Aker BP increased its quarterly profit as its total income went over $1 billion lifted by record high production.