Fossil Energy
Ithaca Energy to buy Chevron’s North Sea business for $2 billion
Ithaca Energy, a subsidiary of Israel’s Delek Group, has decided to acquire Chevron North Sea Limited for $2 billion.
Eni names new chief upstream officer
Italian oil major Eni has appointed a new chief upstream officer.
Scottish firm wins ‘major’ deal for ExxonMobil’s jetty upgrade
Linlithgow-based Asset Integrity Maintenance (AIM) has been awarded a ‘major contract’ that would help extend the life of ExxonMobil’s jetty facility at Braefoot Bay Marine Terminal in Fife, Scotland.
Stena nabs more work for Stena IceMAX drillship
The driller has signed a deal with an undisclosed operator which should see the 6th generation rig deployed on a three-month long contract starting in the first quarter of 2020.
Norway launches fresh offshore licensing round
The Norwegian Ministry of Petroleum and Energy on Wednesday announced the APA 2019 licensing round, comprising the predefined areas with blocks in the North Sea, the Norwegian Sea, and the Barents Sea.
Odfjell Drilling returns to profit, sees higher demand in harsh environments
Odfjell Drilling booked a profit in the first quarter of the year on the back of higher revenues. Odfjell Drilling has seen an increased utilization of the harsh environment fleet driven by higher demand.
Borr Drilling paints rosy picture on hi-spec jack-up market outlook
In some regions, such as the North Sea, Middle East and West Africa, competitive utilisation for modern units is well above 90%,
Olympic finds work for three vessels
Norwegian vessel owner Olympic Subsea has been awarded new contracts for three of its vessels.
Vår Energi cleared to remove Jotun B platform
Vår Energi has received consent from the PSA to remove and dispose of the Jotun B platform in the North Sea offshore Norway.
OMV and Aker BP team up for digitalization push
OMV and Aker BP have signed a memorandum of understanding for sharing digitalization competencies and technology across borders.
Total agrees to pay Jersey Oil & Gas for termination of North Sea farm-in deal
Total will pay Jersey Oil & Gas (JOG) nearly one million dollars for its termination of a UK North Sea farm-in agreement back from 2013 following a settlement between the two companies.
Dolphin Drilling dismisses the entire management
Norwegian offshore drilling company Dolphin Drilling has dismissed all of the employees at its management, including its CEO and CFO, amid restructuring efforts.
Two North Sea contract renewals for Petrofac
Petrofac’s Engineering and Production Services business has been awarded two Operations and Maintenance (O&M) contract extensions for long-standing clients worth a combined value of approximately $32 million.
Hibiscus mulls options for development of two UK North Sea fields
Hibiscus Petroleum is currently considering several options for the development of its Marigold and Sunflower fields in the UK North Sea with plans to decide on the development plan by the end of 2020.