Fossil Energy
Norwegian oil output in December 2018 below forecast
Norwegian oil production during December 2018 dropped below expected figures due to technical problems on some fields, according to Monday’s report by the NPD.
Offshore safety body spots irregularities during Sleipner audit
The Petroleum Safety Authority (PSA) has found irregularities during an audit of Equinor’s Sleipner field offshore Norway.
Equinor in Barents Sea well incident
Norwegian oil and gas giant Equinor last week reportedly suffered a well incident during exploration drilling in the Barents Sea.
VIDEO: Former Paragon jack-up leaves Port of Esbjerg
The Haeva jack-up rig, the previously named Paragon HZ1, has left the Port of Esbjerg.
Vard delivers newbuild vessel to Topaz
UAE-based offshore vessel provider Topaz Energy and Marine has taken delivery of the Topaz Tiamat newbuild subsea vessel.
Oceaneering nets $80 million in subsea umbilical contracts
Oceaneering has recently secured three subsea umbilical contracts valued in excess of $80 million in total.
Wood Mackenzie expects sluggish year in upstream M&A
Upstream dealmakers start 2019 facing an uphill battle. Volatile oil prices and bearish equity markets impede deal flow by creating uncertainty, widening the bid-ask spread, altering financial conditions and making companies re-think near-term strategies, Wood Mackenzie has said. In Q4 2018, as thes
Decipher to produce first oil from Orlando field in 1Q 2019
North Sea oil and gas player Decipher Energy is reportedly expected to start production from the Orlando oil field in the first quarter of 2019. This is according to Atlantic Petroleum, a company which sold its 25 percent stake in Orlando to Decipher back in March 2017. Under the terms of the sale A
Peterson gets long-term logistics contract from Repsol Sinopec
Peterson has been awarded a new long-term integrated logistics contract to service Repsol Sinopec Resources UK.
Popular news, January 14 – 20, 2019
Offshore Energy Today Staff
Aker BP to drill 15 exploration wells in 2019. Plans to triple output by 2025
Norwegian oil company Aker BP is raising its growth ambitions on the back of what it says is a strong performance in 2018. Aker BP on Friday said it plans to organically triple its production by 2025, to cut production costs from USD 12 to USD 7 per barrel by 2023, and to significantly […]
Shell picks subsea compression option for Ormen Lange field
Shell has chosen subsea compression as a concept for the third phase of the Ormen Lange field development, located 140 kilometers north-west of Kristiansund, in the Norwegian Sea. Rich Denny, CEO of A / S Norske Shell said on Friday that Shell had evaluated a number of alternative concepts before op
Report: Dragon Oil takes Prime Exerter jack-up on a 3-year deal in Turkmenistan
Oil company Dragon oil has reportedly agreed to hire the Prime Exerter jack-up rig on a three-year contract
Fugro to use ‘Edda Sun’ for IRM project
Fugro, a Dutch provider of offshore and onshore geotechnical and survey services, will start a new IRM contract in March 2019.