Fossil Energy
EMGS sees improvement in payment delays
EMGS has continued to experience delays in payment and approval of invoices for an acquisition contract in the Americas. However, the company has now experienced progress with regards to payment of approved invoices.
Sembcorp Marine bags $405 million order to build platforms for two giant offshore projects
Sembcorp Marine has clinched two offshore platform contracts worth over S$550 million($405M) that support redevelopment efforts at the Al Shaheen and Tyra fields, located in Qatari waters and the Danish North Sea, respectively.
Aibel completes first deck for Johan Sverdrup P2 platform
Aibel has completed the first deck for the Equinor-operated Johan Sverdrup P2 process platform, which will be installed offshore Norway.
Oilex enters deals for East Irish Sea licenses
Oil and gas explorer Oilex Limited has entered into deals which could see the company acquire interests in prospects located offshore the UK.
New CFO elected at Noble Corp.
Offshore drilling contractor Noble Corporation has named Stephen M. Butz as Executive Vice President and Chief Financial Officer of the company.
Banks take over struggling French vessel owner Bourbon
A French court has decided that assets of French vessel owner Bourbon Corporation, which has been in a court restructuring process, will be sold to creditor banks.
Wintershall Dea obtains drilling permit for appraisal well in Norwegian Sea
The Norwegian Petroleum Directorate has granted Wintershall Dea a drilling permit for an appraisal well located in the Norwegian Sea.
Green light for Equinor’s North Sea well
The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for a wildcat well located in the North Sea offshore Norway.
Ithaca extends charter for Eidesvik’s supply vessel
Eidesvik Offshore has been awarded a one-year contract extension with Ithaca Oil and Gas for the Viking Princess vessel.
Allseas stops Nord Stream 2 works citing U.S. sanctions
Offshore installation contractor Allseas has suspended pipelaying works on the Nord Stream 2 gas pipeline linking Russia and Germany, citing the sanctions from the U.S. introduced on December 20.
Energean’s Edison transaction might exclude assets in Algeria
Oil and gas company Energean’s acquisition of Edison which has yet to be completed might be included so that Edison’s Algeria assets won’t be included in the deal after an intervention from the Algerian authorities. Energean and Edison signed a deal in July for Energean to buy Edison E&P from Edison
Arnout Damen named CEO of Damen Shipyards
Dutch shipbuilder Damen Shipyards has appointed Arnout Damen as CEO. He will take over the position from René Berkvens on January 1, 2020.
Saipem charters Solstad’s lay barge vessel. Option to buy included
Italian oilfield services provider has signed a deal with Solstad Offshore to hire the DLB Norce Endeavour lay pipe barge, with an option to buy.
Vår Energi selects Seadrill rig for Balder Future drilling
Norwegian oil company Vår Energi has chartered Seadrill’s West Phoenix offshore drilling rig for operations at its Balder field in the North Sea, offshore Norway.