Fossil Energy
Dutch prosecutor preparing criminal charges against Shell over Nigerian license deal
Dutch Public Prosecutor’s Office is preparing to prosecute Anglo-Dutch oil major Shell over the company’s involvement in oil block OPL 245 located offshore Nigeria.
MHWirth’s drilling control systems set for five Transocean rigs
MHWirth, an Akastor-owned provider of drilling solutions and services, has been awarded a contract for the delivery of automatic drilling control systems on five Transocean’s drilling rigs.
Petro River acquires more interest in three North Sea licenses
Petro River has announced the acquisition of an additional 5.63% interest in an international, offshore exploration project in the North Sea.
Total awards more work on Tyra redevelopment project
Stavanger-based Petroleum Technology Company (PTC) has been awarded a contract for wellhead well integrity equipment with Total for its Tyra redevelopment project in the Danish North Sea.
Two new directors to join Tullow Oil board
Oil and gas exploration company Tullow Oil has appointed two non-executive directors to the company’s board of directors.
Exxon makes gas discovery at Glaucus-1 well, offshore Cyprus
ExxonMobil has completed the drilling of the second exploration well in the Block 10 offshore Cyprus has made a gas discovery, the government said on Thursday.
Equinor increased its purchases from Norwegian suppliers
In 2018 Equinor purchased goods and services worth NOK 141.7 billion ($16.6B) from more than 9000 suppliers globally. Equinor said on Thursday that NOK 95.2 billion ($11.2B) of this went to suppliers with a Norwegian billing address, i.e. 67% of total purchases. Peggy Krantz-Underland, Equinor’s chi
Siem Offshore braces for prolonged downturn in offshore supply vessel market
Norwegian offshore and subsea shipping company Siem Offshore believes that overall rate levels will remain volatile and at generally low levels throughout 2019.
Northern Drilling: Offshore recovery continues. Clients prefer hi-spec rigs
Billionaire John Fredriksen’s offshore drilling company Northern Drilling feels offshore drilling market is on a recovery path, and the company is optimistic about future as clients prefer modern high-spec rigs, of which the company has four, with an option for one more.
Borr Drilling 4Q loss deepens
Jack-up rig fleet owner Borr Drilling reported a net loss for the fourth quarter of 2018.
Ensco revenues hit by lower utilization, dayrate decline
Offshore driller Ensco managed to take the edge off some of its quarterly loss but remained in the red ahead of its merger with Rowan.
Subsea 7 profit drops, but offshore activity levels are improving
Subsea 7 recorded a decrease in profit during the fourth quarter 2018, but the company believes offshore activity levels are improving.
Lundin takes West Bollsta offshore rig on a 10-well contract
Northern Drilling has won a contract for its harsh environment rig West Bollsta with Lundin Petroleum in Norway.
Solstad Offshore in long-term charter for construction support vessel
Norway’s Solstad Offshore has won and Subsea 7 has agreed to extend the contract for the CSV “Normand Subsea” with 4 years.