Fossil Energy
Bassoe: Mind-numbing boredom consumes the offshore rig market, but it won’t last
It’s gotta stop at some point. And it will. There’s more excitement coming.
Transocean lines up new offshore rig deals
Following its takeover of Greek driller Ocean Rig, Transocean has been working to employ its now enlarged drilling rig fleet, resulting in several new contracts and extensions.
Saudi Aramco takes EDC jack-up on a five-year contract
World’s largest oil company Saudi Aramco has chartered the Setty jack-up drilling rig from the Egyptian drilling contractor EDC.
Petrofac wins well services deal with Siccar Point
Petrofac has been awarded a contract by an independent exploration and production company, Siccar Point Energy.
BSOG sanctions Midia gas project offshore Romania
Black Sea Oil & Gas has made the Final Investment Decision to proceed with the $400 million Midia gas development project located in the Black Sea offshore Romania.
Higher oil and gas output lifts Total profit
French oil and gas company Total booked an increase in the fourth quarter 2018 profit driven by higher oil and gas production and increase in prices. The oil company said on Thursday it had recorded an 11% increase in net income for 4Q 2018 which amounted to $1.13 billion, compared to the profit of
Norwegian IMR specialist marks entry into UK market
WellConnection Group, a Norwegian inspection, maintenance, and repair company, has acquired Peterhead-based Independent Oilfield Services (IOS) in a deal which marked its entrance into the UK market.
Proserv divests Scotland-based specialty machining business
Proserv, a controls technology company, has sold its Coatbridge, Scotland-based speciality machining business, formerly known as KRG Industries.
Offshore regulator finds safety issues on Ringhorne
The Petroleum Safety Authority has found non-conformities related to electrical facilities on the Ringhorne platform offshore Norway.
Interview: Higher oil prices alone can’t save debt-laden OSV players
There is a long ride ahead for the offshore support vessel owners, and some of them might not make it to the finish line
Corallian spins drill bit on Colter well offshore UK
UK-based Corallian Energy has begun drilling operations on the Colter appraisal well using one of Ensco’s jack-up drilling rigs.
Aker BP profit jumps on higher production
Aker BP saw an increase in fourth quarter 2018 profit driven by higher production and revenues.
Equinor profit up on higher prices
Equinor recorded an increase in profit during the fourth quarter of 2018 compared to the year earlier period helped by higher prices and record production.
Vestland Offshore scores charters for vessel duo
Norwegian vessel owner Vestland Offshore has scored contracts two of its offshore vessels, the Vestland Artemis and the Norsea Fighter.