Fossil Energy
Rystad: Hasty offshore sanctioning leads to cost overruns
As the oil and gas industry comes out of the recent downturn, E&P companies are tempted to chase the rewards of higher oil prices by accelerating the sanctioning of new projects. However, hasty sanctioning can lead to less certainty of what the ultimate cost of any given project will be, according t
Tommeliten Alpha partners to pick development concept in 3Q 2020
ConocoPhillips and its partners in the Tommeliten Alpha project located offshore Norway are planning to select the development concept for the project by the third quarter of 2020.
Well-Safe to decommission up to 21 North Sea wells for DNO
Well-Safe Solutions has been awarded a major contract to decommission up to twenty-one wells on the Schooner and Ketch fields in the UKCS, operated by DNO.
Total produces first gas from Culzean field in North Sea
French oil major Total has started up production from the Culzean gas condensate field located on Block 22/25a, 230 kilometers off the coast of Aberdeen, in the UK.
Aker BP gains consent to use ‘Deepsea Nordkapp’ on North Sea well
Norwegian E&P player Aker BP has received consent from the PSA for exploration drilling in the North Sea using the Deepsea Nordkapp drilling rig.
Shawcor lands a batch offshore pipe coating deals
Energy services company Shawcor has scored contracts to provide pipe coating services across projects operated by Shell, Petrobras, ConocoPhillips, BP, Neptune. Shawcor, listed on the Toronto Stock Exchange, said on Tuesday that the contracts were signed with an international EPC contractor. The com
FH Bertling fined for bribery in Angola
Following convictions last year related to a North Sea bribery scheme, FH Bertling company has now also been a handed an £850,000 fine for a bribery scheme created to secure contracts in Angola.
Report: UK North Sea operator up for sale
Ping Petroleum, a private company with assets in the UK North Sea, has reportedly been put up for sale. According to the Malaysian business website The Edge Markets, Jefferies International has been tasked with finding a buyer for the company that owns a 50 percent share in the Anasuria Cluster of o
Greenpeace activists board offshore rig heading to drill in North Sea for BP
Greenpeace activists have boarded an offshore drilling rig owned by Transocean and scheduled to start drilling for oil major BP in the UK North Sea in an attempt to hinder the oil company’s plans.
PGNiG takes Total’s stake in King Lear gas field
PGNiG, a Polish state-controlled oil and gas company, has bought interest in the King Lear field located offshore Norway from French oil major Total.
Lukoil and KazMunayGas ink agreement for block in Kazakh sector of Caspian Sea
Russia’s Lukoil and Kazakhstan’s KazMunayGas have signed heads of agreement for a project in the Kazakh sector of the Caspian Sea.
MHWirth buys Bronco Manufacturing in push to strengthen presence in North America
Akastor’s wholly owned subsidiary MHWirth has entered into agreements with Bronco Holdings for the purchase of 100% ownership interest in Bronco Manufacturing.
Replacement named as KCA Deutag CEO decides to retire
Drilling and engineering contractor KCA Deutag has named a new chief executive officer following the decision by its current CEO to retire.
Popular news, June 3 – 9, 2019
Offshore Energy Today’s most popular news of the past week.