Fossil Energy
Drilling Systems sheds consultancy firm via management buy-out
Simulator manufacturer Drilling Systems, a part of the 3T Energy Group, has sold the consultancy side of its business in a management buy-out.
Norway: Offshore drillers told to fix lifeboat issues after regulatory breaches spotted
The Petroleum Safety Authority Norway (PSA) has given a trio of order notices to Maersk Drilling, Transocean, and Odfjell Drilling.
Construction starts on one of the largest offshore developments in Europe
Norway’s Kvaerner and Aker Solutions have cut the first steel plate for phase 2 of the Equinor-operated Johan Sverdrup field development offshore Norway.
Banks support Siccar Point with extended debt facility ahead of ‘exciting’ 2019
Siccar Point Energy, a North Sea-focused oil and gas player, has signed an agreement with its existing syndicate of banks to increase and extend its existing Reserves Based Lending facility limit
NAO picks up two-year charter for NAO Viking PSV
Nordic American Offshore has been awarded a two-year fixed contract for one of the company’s platform supply vessels.
Another offshore duster for Equinor
Equinor has concluded the drilling of two wildcat wells offshore Norway, resulting in one dry well and one minor oil discovery.
Acteon adds subsea corrosion specialist to portfolio
Subsea services group Acteon has acquired subsea corrosion specialist Deepwater Corrosion Services.
Faroe tells shareholders to ignore takeover bid: “DNO wants it on the cheap.”
Oil company Faroe Petroleum has again urged shareholders to ignore the unsolicited takeover offer by DNO, saying the 152p a share offer was opportunistic and undervaluing Faroe.
Pioneering Spirit vessel to join Nord Stream 2 construction works
Allseas-owned pipelay vessel Pioneering Spirit is on its way to join the construction fleet of the Nord Stream 2 project.
Saipem’s Middle East servers hit by cyber attack
Middle Eastern servers of Italian oilfield services contractor Saipem were a target of a cyber attack.
UK: OGA makes new Buchan area data available in bid to revitalize exploration
The OGA has released new data packages to revitalize exploration of oil and gas in Greater Buchan Area on the UK Continental Shelf.
DNO presents takeover bid to Faroe shareholders
Oslo-listed DNO ASA is adamant in its intention to fully take over Faroe Petroleum, despite the Faroe board being against it.
Equinor hits dust in Norwegian Sea well
Equinor is in the process of concluding the drilling of wildcat well in the Norwegian Sea. The well is dry.
Ophir Energy increases debt facility to repay Santos assets
Ophir will now be able repay a facility used to fund the acquisition of a package of assets from Australia’s Santos.