Fossil Energy
Repsol, Halliburton pen deal for cloud data management in E&P
Spanish oil company Repsol has hired oilfield services giant Halliburton for the provision of cloud-based master data management solutions for exploration and production (E&P) activities.
IOG takes FID for Southern North Sea project
Independent Oil and Gas (IOG) has now completed its farm-out transaction with CalEnergy Resources (CER) and taken a Final Investment Decision on Phase 1 of its Core Project located in the Southern North Sea.
Equinor to connect two extra offshore fields to power from shore solution
Two Equinor-operated fields located offshore Norway, the Sleipner field centre and the Gudrun field, will receive power from shore to further reduce CO₂ emissions on the Norwegian Continental Shelf.
Diamond Offshore sinks deeper into the red
Diamond Offshore nearly doubled its losses as its revenues dropped in the third quarter of 2019 when compared to the same period in 2018.
Valaris secures batch of new contracts for rig fleet
Valaris, formerly known as EnscoRowan, has been awarded new contracts and extensions with BP, Murphy Oil, Premier Oil, SapuraOMV, and Saudi Aramco.
Kvaerner’s 3Q order intake, profit grow
Norwegian offshore engineering and construction company Kvaerner has reported an increase in order intake, revenues, and profit in the third quarter of 2019.
Norway rejects Prosafe-Floatel merger
The Norwegian competition authorities have rejected the proposed merger between offshore accommodation companies Prosafe and Flotel.
PSV Energy Swan to stay further eight months with Wintershall
Norwegian offshore vessel operator Golden Energy Offshore Services (GEOS) has secured a contract extension for its Energy Swan platform supplier with Wintershall Norge.
Premier Oil renews logistics services contract with Peterson
Premier Oil has renewed a long-term contract worth over £20 million with International energy logistics provider Peterson.
Popular news, October 21 – 27, 2019
Offshore Energy Today’s most popular news from the past week.
Report: Kerogen Capital looking to sell Zennor Petroleum
Independent private-equity company Kerogen Capital is reportedly seeking offers to sell its majority ownership in oil and gas company Zennor Petroleum.
Viking Supply Ships to buy newbuild PSV duo
Swedish offshore vessel owner Viking Supply Ships has entered into a contract to purchase two vessels currently under construction.
Eni says UNESCO World Heritage sites a “No Go” for drilling
Italian offshore oil and gas exploration and production company has formally committed not to carry out oil and gas exploration and development activities within the boundaries of Natural Sites included in the UNESCO World Heritage List.
Norway’s oil fund now worth NOK 10 trillion
The fund is twice as large as the government’s estimated future petroleum revenues