Fossil Energy
Equinor picks up consent to use Maersk rig at Gina Krog
Equinor has received consent from the PSA for drilling of two wells on the Gina Krog field using the Maersk Integrator rig.
Aker BP gains safety consent for Hod appraisal well
Aker BP has received consent from the PSA for exploration drilling in the North Sea using the Maersk Interceptor drilling rig.
Eidesvik scoops term deal with Ocean Installer
Norwegian shipping company Eidesvik Offshore has won a deal from Ocean Installer for one of its subsea construction vessels.
Popular news, December 3 – 9, 2018
Offshore Energy Today’s most popular news of the week.
Update: OPEC+ agrees on output cuts. ‘Iran exempted’
The Organization of Petroleum Exporting Countries has struck a deal with its Russia-led allies to cut production by 1.2 million barrels a day, in order to bring up oil prices.
Shearwater’s ‘Polar Empress’ in 3D survey off Montenegro
Marine seismic acquisition player Shearwater GeoServices started a 3D seismic survey off Montenegro in mid-November.
AGR, First Geo to merge into Akastor-owned company
Norwegian offshore oil and gas consultancy and services companies First Geo (owned by Akastor), and AGR are set to merge. The merged entity will be owned by Akastor.
Equinor’s $914M Troll Phase 3 offshore project gets green light
Equinor’s proposed development of Phase 3 of the Troll field in the Norwegian part of the North Sea has been approved. The Norwegian oil giant will with its partners invest NOK 7.8 billion (USD 914 million) in the project.
Premier completes Babbage Area sale to Verus
Premier Oil has completed the previously announced sale of its stake in Babbage Area in the UK North Sea to Verus.
Neptune moves onto the next stage of Cara project, expects FID in early 2019
Oil and gas company Neptune Energy has moved onto the next stage of its Cara project located in the North Sea off Norway.
Goliat field support vessel to switch to hybrid power
Eni Norge and Simon Møkster Shipping have reached an agreement to ensure reductions in fuel consumption of the Stril Barents vessel.
Rystad: OPEC+ must cut 2019 supply growth or wave goodbye to short term recovery
The OPEC + countries must cut 2019 supply growth by 1.5 million bpd if they want oil prices back above $70 next year.
Golden Energy to take over vessel management company
Golden Energy Offshore Services has entered into a term sheet with Golden Energy Offshore Management Holdings AS (GEOMH) for the possible acquisition of Golden Energy Offshore Management AS (GEOM).
Well-Centric to create ‘largest independent well integrity firm in UK’
Well-Centric has announced the acquisition of Simmons Edeco Europe from its Canadian owner.