Fossil Energy
Awilco orders new offshore rig from Keppel. Names new CEO
UK offshore drilling contractor Awilco Drilling has exercised an option to order its second harsh-environment semi-submersible drilling rig from Keppel in Singapore for a price of $425 million. It has also decided to name a new CEO.
Popular news, March 4 – 10, 2019
Offshore Energy Today’s most popular news of the past week.
Premier Oil pushes back Catcher tie-back sanctions
UK-based Premier Oil has pushed back plans to sanction two tie-back options for its Catcher development in the UK North Sea.
Norway’s ‘oil fund’ cutting investments in E&P firms
Norway’s one-trillion-dollar sovereign wealth fund, popularly known as the “oil fund”, is set to cut its investments in oil and gas exploration and production companies, the Norwegian government said on Friday.
Aibel cuts first steel for Johan Sverdrup’s processing platform
Aibel has cut first steel for the P2 processing platform for the Equinor-operated Johan Sverdrup development located offshore Norway.
Siem Offshore secures long-term job for subsea construction vessel
Norwegian subsea shipping company Siem Offshore has been awarded a long-term contract for its Siem Spearfish vessel.
Corallian finds Colter prospect to be smaller and Colter South larger than expected
Corallian Energy has completed its Colter appraisal campaign off the UK, which has included the Colter North and the new Colter South prospects, discovering that the Colter prospect is smaller but the Colter South prospect is larger than expected.
Equinor gets safety nod for extended operation of Gullfaks C
Norwegian oil and gas company Equinor has received consent from the country’s offshore safety agency to extend the life of the Gullfaks C platform and associated pipelines located offshore Norway. The Petroleum Safety Authority (PSA) said on Friday that Equinor had applied for consent to extend the
Notice of order for Leiv Eiriksson rig following safety audit
The Petroleum Safety Authority has given a notice of order to Ocean Rig regarding the working environment and emergency preparedness on the Leiv Eiriksson rig.
Northwest Europe MODU market – Could 2019 demand exceed availability?
Since the oil price crash in 2014, the global MODU market has suffered through a rig demand collapse, which coupled with a vast oversupply of units resulted in dismal utilisation and dwindling day rates.
Worldwide offshore rig count in February up both sequentially and year-over-year
The worldwide offshore rig count for February 2019 increased by 6 units sequentially and by 59 units year-over-year, according to Thursday’s report by Baker Hughes, a GE company (BHGE).
Premier Oil turns to full-year profit. Achieves record production
UK-based oil company Premier Oil reported a net profit in 2018 of $133.4 million, on the back of record production.
Glomar Offshore buys two Bourbon vessels
Offshore support vessel owner Glomar Offshore has bought two multi-purpose vessels from Bourbon Offshore.
Boskalis posts 2018 loss on impairments. Revenue up
Boskalis said the result was in line with expectations, adding that the loss was a result of an almost entirely non-cash extraordinary charge