Fossil Energy
HitecVision rids of CapeOmega for $1.4 billion
HitecVision has sold its portfolio company CapeOmega, a Norwegian oil & gas and midstream infrastructure company, to Partners Group in a transaction that values CapeOmega at about EUR 1.2 billion ($1.35 billion).
ConocoPhillips taps TechnipFMC for Tor II development
TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction and Installation (iEPCI) contract from ConocoPhillips for the TOR II development, located in the Norwegian sector of the North Sea at a water depth of 80 meters.
Oil & Gas UK’s Efficiency Task Force adds trio to steering group
Efficiency Task Force of Oil & Gas UK, a trade association for the UK offshore oil and gas industry, has appointed three new members to its steering group.
Popular news, April 15 – 21, 2019
Offshore Energy Today’s most popular news of the past week.
BP and partners sanction Caspian Sea project worth $6 billion
The Azeri Central East project, the next stage of development of the giant ACG field in the Azerbaijan sector of the Caspian Sea, has been sanctioned.
WoodMac sees huge growth potential in UK following Chrysaor-ConocoPhillips deal
Wood Mackenzie sees huge growth potential in the UK North Sea region following Chrysaor’s acquisition of ConocoPhillips’ UK business.
Leask Marine completes in-water survey on Prosafe’s Safe Caledonia rig
Orkney Islands-based engineering company Leask Marine dive team has completed a comprehensive in-water survey for ABS on Prosafe’s Safe Caledonia accommodation rig.
ConocoPhillips sells UK business to Chrysaor for $2.7 billion
Oil major ConocoPhillips has entered into an agreement to sell two ConocoPhillips United Kingdom subsidiaries to Chrysaor for $2.675 billion, plus interest and customary adjustments.
Saipem returns to profit on the back of strong offshore division
Saipem returned to profit in the first quarter of 2019 from a loss in the prior-year period thanks to strong performance in the Offshore Engineering & Construction division.
Transocean secures more work for its rigs, adds $373 million in contract backlog
Offshore driller Transocean has secured more work for its drilling rig fleet, adding approximately $373 million in contract backlog since its last fleet status report in February.
Shell spuds exploration well offshore Bulgaria
Oil major Shell has started drilling an exploration well in the Black Sea offshore Bulgaria.
Transocean Leader rig spuds Warwick Deep well off UK
Transocean Leader semi-submersible drilling rig has started drilling the 205/26b-C well (Warwick Deep) located off the UK for Hurricane Energy and Spirit Energy.
Golden Energy picks up new platform supplier deal from Shell
Norway-based shipowner Golden Energy Offshore Services (GEOS) has been awarded a contract for one of its platform supply vessels.
Magnora CEO and CFO steps down
Chief executive officer (CEO) and chief financial officer (CFO) of Oslo-listed company Magnora has stepped down from the roles effective immediately.