Fossil Energy
Bassoe: The offshore rig market should love China’s energy independence policy
With nearly 60 offshore rigs, China is doing everything it can to boost oil and gas production. And the country’s energy independence policy is keeping rig supply out of the global market.
OPEC+ extends oil output cuts till March 2020
Following OPEC’s decision on Monday to extend the voluntary oil production cuts in order to keep oil prices stable, the Russia-led block of non-OPEC nations has agreed to the same on Tuesday.
Offshore driller EnscoRowan changing name
Offshore drilling company EnscoRowan, formed by a recent merger between Ensco and Rowan, is changing its name.
InterMoor to deliver mooring equipment to Chevron’s Alba FSU
InterMoor, a provider of mooring services in subsea services group Acteon, has been awarded a contract for the supply of mooring equipment to Chevron’s Alba FSU in the North Sea.
ExxonMobil most admired explorer. Dorado discovery of the year
U.S. oil giant ExxonMobil has been named the upstream industry’s most admired explorer, according to Wood Mackenzie.
OPEC extends output cuts for 9 months
OPEC members have agreed to extend the voluntary oil production cuts for another nine months, with the aim to keep the oil prices “stable,” with Russia also supporting the extension.
Apply scoops Njord field job
Equinor has awarded its compatriot engineering company Apply a contract to establish / update system descriptions and associated system drawings for the Njord field, located in the Norwegian Sea.
Aker BP completes first stage of Valhall Flank West hook-up
Norwegian oil and gas company Aker BP has carried out the first stage of the hook-up of the Valhall Flank West platform in the North Sea.
IOG expects Maersk jack-up at Harvey well by end of July
Independent Oil and Gas (IOG) expects the Maersk Resilient jack-up rig to be on its Harvey appraisal well location in the UK North Sea by the end of the month.
Baker Hughes lands equipment and service contracts with i3 Energy
i3 Energy has awarded Baker Hughes, a GE company (BHGE), contracts for its 2019 summer drilling program on its Liberator and Serenity assets and its 2020 Phase I development of Liberator in the UK North Sea.
CNR’s decom plan for Ninian Northern platform approved
CNR International (U.K.) Limited’s decommissioning program for its Ninian Northern platform, which is located in the UK sector of the North Sea, has been approved by UK authorities.
Expro acquires well intervention tech company
Oilfield services company Expro has acquired well intervention technology company Quality Intervention AS (QI).
AOG to deliver TCP jumper spool to Anasuria’s Guillemot field
Airborne Oil & Gas has secured a second award from Anasuria Operating Company to deliver a second high-flow TCP jumper spool in the central North Sea.
Offshore decommissioning cost dropping, OGA says
The cost of offshore oil and gas infrastructure decommissioning in the UK North Sea is continuing to fall, the UK Oil and Gas Authority (OGA) has said.