Fossil Energy
Northern Drilling cancels deal to buy drillship from South Korean shipbuilder
Northern Drilling has canceled the resale contract for the West Cobalt drillship with the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME).
Equinor decides not to exercise option on Jersey’s Buchan blocks
Norway’s Equinor has elected not to exercise the three-month option which was granted by Jersey Oil & Gas over a 50% equity interest in respect of Blocks 20/5a and 21/1a (the Buchan blocks) in the UK North Sea.
Hibiscus to acquire UK North Sea license for $5 million
Malaysian operator Hibiscus Petroleum has entered into a conditional sale and purchase agreement to acquire License P2366, from United Oil & Gas and Swift Exploration Limited.
Neptune Energy promotes new VP of operations for Europe
Oil and gas company Neptune Energy has appointed a new vice president of operations for Europe.
Fugro names new group director for Europe and Africa
Dutch offshore services firm Fugro has appointed a new group director for Europe and Africa.
Worldwide offshore rig count in September up 43 rigs year-over-year
The worldwide offshore rig count in September 2019 decreased by four units sequentially, but increased by 43 units year-over-year, according to reports by Baker Hughes, a GE company.
Equinor cuts costs on eight Norwegian projects but sees increase on four
Norwegian oil and gas company Equinor has reduced costs for eight of its operated projects in Norway since submitting their plans for development and operation while four projects – including Martin Linge and Njord Future – have reported higher costs.
Jersey awards Greater Buchan Area contracts
Jersey Oil & Gas, an independent oil and gas company, has awarded contracts for the Greater Buchan Area (GBA) development in the North Sea to Rockflow Resources and Petrofac.
Dolphin rig spuds i3 Energy’s Serenity appraisal well
i3 Energy has started drilling the SA-01 appraisal well at the Serenity field located in the UK North Sea using the Borgland Dolphin semi-submersible drilling rig.
Equinor fires up giant Johan Sverdrup field
On October 5 Equinor started production from the giant Johan Sverdrup field in the North Sea, more than two months ahead of and NOK 40 billion below the original estimates in the plan for development and operation.
OPEC and gas counterpart GECF ink MoU to strengthen cooperation
The Organization of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF) have signed a memorandum of understanding to strengthen cooperation in research and the sharing of best practices.
Popular news, September 30 – October 6, 2019
The most popular news on Offshore Energy Today last week.
Bourbon calls off search for missing sailors. Petition launched for search to continue
French offshore vessel owner Bourbon Offshore has canceled the search operation for the seven crew members of its Bourbon Rhode vessel
Wintershall Dea agrees on job cuts with unions
Following a merger between Wintershall and DEA into a new entity named Wintershall Dea, the German oil and gas giant has decided on the number of job cuts previously announced as part of the integration of two businesses.