Fossil Energy
Azeire picks up Irish offshore license extension
Azeire has been awarded an extension of a frontier exploration license (FEL) and a conversion of a license option to an FEL.
TechnipFMC’s Pilenko to retire in May 2019
TechnipFMC has informed that its executive chairman Thierry Pilenko has decided to retire from the company’s board.
Aker BP selects Optime Subsea as well access system provider
Aker BP has selected Optime Subsea as a provider of well access system and services on the Norwegian Continental Shelf for the next two years, with extension options.
New specialist marine services firm set up in East of England
Former James Fisher managing director Martin Sisley, offshore energy consultancy Nautilus Associates, and a group of specialist investors have formed a new specialist marine services company – Seabed and Offshore Solutions.
Faroe Petroleum board bows down to DNO. Tells shareholders to accept takeover offer
After weeks of resisting the hostile takeover push by the Norwegian oil company DNO, Faroe Petroleum’s board has finally bowed down and told shareholders to accept DNO’s increased offer of 160 pence a share.
Driven by multi-client sales, CGG to see spike in revenues
An increase in CGG’s revenues in the last quarter of 2018 was driven by the highest quarterly revenues in the multi-client sales segment since 4Q 2015.
WoodMac sees North Sea exploration comeback and uptick in development expenditure in 2019
According to Wood Mackenzie, five themes that will dominate the market in 2019 include the comeback of North Sea exploration and, although the deal spend will slow, it will remain the seller’s market. WoodMac also sees an uptick in development expenditure in 2019 but production will remain flat. In
Solstad scores charters for CSV duo
Norway’s offshore vessel owner Solstad Offshore has secure work for two of its offshore construction vessels.
DNO lifts takeover offer for Faroe Petroleum to 160p a share
Norway’s DNO has increased its takeover offer for Faroe Petroleum. The company which in November launched a hostile takeover bid of 152 pence a share, on Tuesday said the new and final offer was 160 pence in cash for each Faroe Share it didn’t already own.
MOL hits dust in North Sea well
MOL Norge is in the process of concluding the drilling of a wildcat well in the North Sea offshore Norway. The well is dry.
PGS firms up vessel sale agreement with JOGMEC
Norwegian seismic services provider PGS has signed a vessel sale agreement for the Ramform Sterling with JOGMEC.
UK: 2500 offshore workers accept OCA pay offer
Some 2500 offshore workers in the UK represented by Unite the union have accepted the revised pay offer from the Offshore Contractor Association following an online ballot on a 71 percent turnout.
Shell preparing to spud offshore Bulgaria well using Noble Corp. drillship
Oil giant Shell is getting ready to start drilling an offshore well in Bulgaria using a Noble Corporation drillship.
Worldwide offshore rig count goes up in December
The worldwide offshore rig count in December 2018 increased by 30 units from November of the same year and increased by 49 units year-over-year, according to a Tuesday report by Baker Hughes, a GE company.