Fossil Energy
Worldwide offshore rig count in December up 22 rigs year-over-year
The worldwide offshore rig count in December 2019 increased by 11 units sequentially and 22 units year-over-year, according to the Wednesday rig count report by Baker Hughes Company.
Transocean wins $352.9 million in new backlog as ‘offshore drilling market continues to improve’
Transocean has secured a $352.9 million of contract backlog from new contracts and extensions. The company sees this as a sign of improvement in the offshore drilling market.
UK emerges as cost-cutting powerhouse in global offshore regions, Rystad says
Operational production costs in the oil and gas industry have fallen across the globe, with the United Kingdom emerging as a cost-cutting powerhouse among global offshore regions, Rystad Energy, a Norwegian energy intelligence firm said in a report on Wednesday. A Rystad Energy analysis aimed at mit
Premier Oil hires Valaris drillship for well off Brazil
Oil and gas company Premier Oil has hired a Valaris-owned drillship for operations on Block 717 located offshore Brazil.
Petrofac lands new North Sea deal worth $50 million
Petrofac has been selected by Petrogas NEO UK to establish its new North Sea operation following its recently announced asset acquisition.
Neptune Energy picks up drilling permit for Grind well
The Norwegian Petroleum Directorate has granted Neptune Energy a drilling permit for a well in the Norwegian Sea.
Solstad gets contract extensions for platform supplier duo
A subsidiary of UK oil company Fairfield Energy, Fairfield Betula Limited, has awarded extensions to two Solstad Offshore’s two platform supply vessels.
Aker BP set for appraisal well in North Sea
The Norwegian Petroleum Directorate has granted Aker BP a drilling permit for an appraisal well in the North Sea offshore Norway.
Roll Group adds another MC vessel to its fleet
Heavy lifting and moving specialist Roll Group has added another module carrier to its fleet of vessels.
Wintershall Dea drills duster in Norwegian Sea
Wintershall Dea is concluding the drilling of a wildcat well near the Aasta Hansteen field in the Norwegian Sea.
New chief financial officer named at Cluff Natural Resources
UK-based company Cluff Natural Resources (CLNR) has appointed a new chief financial officer (CFO) of the company.
Bourbon COO changes roles
COO of French vessel owner Bourbon Corporation has resigned from his role following the sale of the company’s assets to a group of creditor banks and transferred to the chairman role at Bourbon Maritime.
Premier Oil’s largest creditor opposes plan to extend debt maturity, buy North Sea assets
Premier Oil’s largest creditor is opposing the oil company’s plan to extend its debt maturity and acquire UK North Sea assets from BP and Dana Petroleum, claiming the company’s high-risk strategy will only increase risk for stakeholders.
Seven activists arrested after rig protest in Scotland
Seven people have reportedly been arrested after taking part in a protest against the oil and gas industry by climbing on a Valaris-owned and Shell-chartered jack-up rig destined for the North Sea.