Fossil Energy
Vår Energi finalizes North Sea field divestment
Vår Energi has finalized the divestment of 10 percent ownership interests in six of its operated licenses across the Balder and Ringhorne fields in the North Sea to Mime Petroleum.
Valaris posts $406 million profit in first quarter after merger
Offshore drilling contractor Valaris, formerly known as EnscoRowan, booked a large profit in the second quarter of the year.
Offshore helicopter specialist in M&A push
Offshore oil and gas helicopter transportation specialist CHC is looking at potential merger or acquisition.
Shell profit slumps on lower oil prices
Oil major Shell recorded a 25 percent decrease in ts second quarter profit due to lower oil prices while its production was up by 4 percent during the period.
Noreco buys Shell’s Danish North Sea assets for $1.9B
Shell has sold all of its upstream assets in Denmark
Golden Energy’s newbuild starts first North Sea contract
The second newbuild of Norwegian offshore supply vessel provider Golden Energy Offshore has begun its first contract in the North Sea.
MacGregor closes acquisition of TTS’ marine and offshore business
Cargotec’s MacGregor business area has completed the acquisition of the marine and offshore businesses of TTS Group.
Total secures Prosafe flotel for accommodation support on Elgin
Prosafe has signed a contract with Total E&P UK Limited for the Safe Caledonia to provide accommodation support at the Elgin complex in the UK sector of the North Sea.
Green light to Aker BP for North Sea well
The Norwegian Petroleum Directorate has granted Aker BP a drilling permit for well 2/1-17 S located in the North Sea offshore Norway.
VIDEO: Equinor installs gas module on Troll C to boost Fram production
A new gas module, which will help increase production from the Fram field, has been installed on Equinor’s Troll C platform in the North Sea.
Corallian boosts interest in North Sea discovery
Corallian Energy has raised about $1.5 million in an equity fundraise, increased its interest in a license which contains the Colter South discovery, and made progress towards starting its Curlew-A well drilling in the UK North Sea.
GC Rieber scoops extension and new vessel management deal
GC Rieber Shipping has entered into a ship management agreement for a cable laying vessel and won an extension of the charter of the Polar King CSV with Nexans.
Spirit kicks off drilling operations in UK North Sea
Oil and gas company Spirit Energy has started drilling at the Andromeda North prospect located in the UK sector of the North Sea.
Sembcorp Marine disappointed by low order intake. Expects tough 2H 2019
With insufficient new orders secured, the losses for the second half expected to be higher