Fossil Energy
Repsol bites dust at wildcat near Yme field
Repsol Norge, a subsidiary of the Spanish oil firm Repsol, has failed to find hydrocarbons at its exploration well 9/2-12, located six kilometers northeast of the Yme field center in the North Sea, offshore Norway.
Equinor extends crane control deal with Axess
Asset integrity management, engineering, and consultancy solutions provider Axess Group has won an EOC frame agreement extension from Equinor.
Norwegian oil output in September falls below forecast
Norwegian oil production during September 2019 fell below expected levels, according to Monday’s report by the Norwegian Petroleum Directorate (NPD).
Greenpeace activists board Shell’s North Sea platforms
Greenpeace activists from the Netherlands, Germany, and Denmark boarded two oil platforms in Shell’s Brent field on Monday.
MOL gains drilling permit for North Sea well
The Norwegian Petroleum Directorate (NPD) has granted MOL Norge, a Norwegian unit of the Hungarian oil company MOL, a drilling permit for well 25/8-19 S in the North Sea offshore Norway.
Search efforts for missing Bourbon Rhode crew unsuccessful
Search efforts for the missing Bourbon Rhode crew have been unsuccessful following a potential distress flare spotted in the area. According to Bourbon, search operations continue but they are entering a new phase of active monitoring.
Energean to sell Edison’s UK & Norway business to Neptune
Greek oil company Energean has agreed to sell Edison E&P’s UK and Norwegian subsidiaries to Neptune Energy for $250 million of cash, to be adjusted for working capital, with additional cash contingent consideration of up to $30 million.
Boa Offshore turns to defense sector amid instability in AHTS North Sea spot market
Norwegian offshore supply vessel owner Boa Offshore has turned its attention to the defense sector amid instability and challenges in the North Sea spot market.
Green light for Equinor’s North Sea wildcat
The Norwegian Petroleum Directorate has granted Equinor a drilling permit for a well in the North Sea offshore Norway.
Popular news, October 7 – 13, 2019
Offshore Energy Today’s most popular news from the past week.
Offshore investments on the rise in 2019, Rystad says
As investments in tight oil increased from 2016 to 2018 and offshore investments decreased, according to Norwegian energy intelligence group Rystad Energy.
Bassoe: Welcome to the real world, where offshore drilling rig values are an enigma
Available assets, lack of capital, and sluggish fundamental market improvement are keeping rig values under pressure
BP to take up to $3 billion charge as result of divestment program
Oil major BP now expects to deliver divestment proceeds and announced transactions totalling around $10 billion by the end of 2019, comprising the majority of its two-year divestment program planned to complete by the end of 2020.
Aker Solutions emerges as lowest bidder for manifolds job
Norwegian engineering company Aker Solutions has emerged as the lowest bidder in a bid opening ceremony for a subsea project.