Fossil Energy
Rystad: Guyana makes Exxon leader of 2018 exploration pack
U.S. oil major ExxonMobil was the leader of the pack among the top oil and gas explorers of 2018, boosted by its string of offshore oil discoveries in the Latin American country. “ExxonMobil was exceptional, both in terms of discovered volumes and value creation from exploration,” said Rystad Energy
UK: OGA launches licensing round for Greater Buchan area. Eyes 300 million barrels
The OGA has launched the Supplementary 31st Offshore Licensing Round to maximize economic recovery from the Greater Buchan area in the North Sea.
Australia’s Talon in another North Sea acquisition
Australia-based Talon Petroleum has entered into a binding heads of agreement for the purchase of 100% of the shares in EnCounter Oil, which owns two UK North Sea licenses. EnCounter is a private, UK-based company formed in 2012 by key former members of the executive management team of EnCore Oil. E
Rowan rig wins seven-well program with Lundin
Offshore driller Rowan Companies has won a contract for a jack-up drilling rig with Lundin in Norway.
Shell 4Q profit boosted by higher prices
Shell reported a profit on the current cost of supply (ex-identified items) of $5.7 billion for the fourth quarter of 2018.
DOF finds work for platform supplier duo
Norwegian vessel provider DOF has been awarded one-year contracts for two of its platform supply vessels.
OPT and Saab Seaeye in AUV, ROV remote charging pact
Ocean Power Technologies and Saab Seaeye have entered into a joint development and marketing agreement.
Lundin picks TechnipFMC to deliver subsea equipment for North Sea project
TechnipFMC has been awarded a substantial integrated engineering, procurement, construction and installation contract from Lundin for the Luno II and Rolvsnes development offshore Norway.
Ophir Energy board accepts $511 million Medco takeover offer
Medco and Ophir Energy have agreed to proceed with a proposed deal under which Medco will buy Ophir for 55 pence a share in cash. The acquisition values Ophir at £390.6M (around $511M).
Safety issues found during audit of Equinor’s Visund
The PSA has found irregularities during an audit of Equinor’s Visund field located in the North Sea.
Ensco, Rowan agree on amended merger bid
Ensco has entered into an amendment to the transaction agreement with rival Rowan under which the companies would combine in an all-stock transaction.
Deep Sea Mooring inks multi-year agreement for services on Diamond Offshore rigs
Vryhof’s mooring business, Deep Sea Mooring, has signed a multi-year agreement with Diamond Offshore.
BP retains Odfjell Drilling’s platform drilling services in UK North Sea
UK oil major BP has extended the contract with Norway’s offshore drilling services company Odfjell Drilling for the provision of platform drilling services on the UK continental shelf. Under the contract, Odfjell Drilling will be providing platform drilling and maintenance services on three of BP’s
CNOOC makes new discovery in UK North Sea
CNOOC Limited has made a new discovery on the Glengorm prospect, located in offshore UK Central North Sea.