Fossil Energy
Equinor hits oil and gas near Fram field in North Sea
Equinor has discovered oil and gas in exploration well Echino South, 35/11-23, by the Fram field in the North Sea.
Former TGS CEO becomes Shearwater chairman
Norway’s seismic vessel fleet owner Shearwater GeoServices has named a new chairman of the company’s board of directors.
Aker BP gains consent to use Odfjell rig for Nidhogg well
Norwegian E&P player Aker BP has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for exploration drilling in the Norwegian Sea using the Deepsea Nordkapp rig.
Shell buying French floating wind farm developer
Oil and gas major Shell is buying EOLFI, a French company specializing in floating wind farm project.
Polarcus returns to profit in 3Q
Seismic services provider Polarcus returned to profit in the third quarter of 2019 on the back of improved pricing and operational performance. Polarcus said on Tuesday it had recorded revenues of $103.4 million, an increase of 19% compared to 3Q 2018 and revenues of $87 million, driven by the incre
Prosafe loss widens on impairment charges
Offshore accommodation specialist Prosafe posted a net loss of $360 million in the third quarter of 2019, compared to a loss of $118 million a year ago.
No oil at Kosmos’ Moneypenny well in Gulf of Mexico
Kosmos Energy has failed to find oil at its Moneypenny prospect in the U.S. Gulf of Mexico.
Hungarian player enters BP’s ACG field in Azerbaijan
Hungarian oil and gas company MOL has signed an agreement with Chevron to acquire its non-operated E&P and midstream interests in Azerbaijan for total consideration of $1.57 billion.
Equinor granted consent to drill North Sea well with Seadrill rig
Equinor has received consent from the Petroleum Safety Authority to consent to drill an exploration well in the North Sea using the West Hercules rig.
Popular news, October 28 – November 3, 2019
Offshore Energy Today’s most popular news from the past week.
Offshore projects sanctioned between 2010 and 2014 struggling to create value, Rystad says
According to Rystad’s evaluation of oil fields sanctioned since 2010, international E&P companies are struggling to make money from offshore investments made during the latest investment upturn.
Seacor Marine selling North Sea ERRV business
Offshore support vessel provider Seacor Marine has decided to sell its North Sea emergency response and rescue vessel business to North Star.
Heerema to supply world’s largest crane vessels with shore power
Heerema Marine Contractors will provide its crane vessels with clean energy by switching them from diesel generators to wind energy.
Shell gets green light for Goldeneye decommissioning plan
Shell’s draft decommissioning program for the Goldeneye field installations and pipelines, located in the North Sea, has been approved by the UK authorities.