Fossil Energy
Fred. Olsen Energy restructuring plans hampered by potential rig buyer exit
Offshore driller Fred. Olsen Energy is considering other restructuring alternatives or it might be facing bankruptcy following a withdrawal of a potential buyer for its drillship Bolette Dolphin.
Solstad wins PSV deals with Allseas
Offshore services provider Allseas has hired two platform supply vessels (PSVs) from Norwegian offshore shipping company Solstad Offshore.
WoodMac: Return of cyclical inflation could see deepwater cost reduction come to a close
Impending cyclical cost inflation could raise break-even costs in an otherwise healthy deepwater industry, energy analytics company Wood Mackenzie said in its latest report.
Equinor gets consent to use Songa Endurance rig on Troll field
Norway’s Equinor has been given consent by the Petroleum Safety Authority to use the Songa Endurance drilling rig on the Troll field in the North Sea.
Faroe urges shareholders to reject DNO’s takeover offer
Following an unsolicited takeover offer launched by DNO, oil company Faroe Petroleum has said that DNO’s opportunistic offer undervalues the company and fails to value Faroe’s prospects as an independent business, urging its shareholders to reject it.
Seadrill sees rig dayrates improving in 2019-20
After a couple of years of negative sentiment in the offshore drilling industry caused by the low oil prices and the rig oversupply, things have started looking up for the sector.
Spirit Energy hands in environmental statement for North Sea development
Spirit Energy has submitted its Environmental Statement for the Pegasus West development to the UK authorities.
DNO launches hostile takeover bid for Faroe Petroleum
Norwegian oil and gas operator DNO has launched a takeover bid for Faroe Petroleum, an oil company focused on the North Sea oil and gas exploration and production.
Subsea 7 bags three-year extension offshore UK
Subsea 7 has been awarded a sizeable three-year extension of an existing Diving Support Vessel initiative (DSVi) frame agreement offshore the UK.
Xodus names new decommissioning lead
Xodus Group, a provider of engineering and advisory support for the oil and gas industry, has appointed a new lead for its decommissioning division.
Popular news, November 19 – 25, 2018
Offshore Energy Today’s most popular news of the past week.
Equinor awards 4-month extension to Maersk jack-up
Danish offshore driller Maersk Drilling has been awarded a four-month extension for the Maersk Intrepid jack-up rig.
BP produces first oil from major North Sea development
BP, with its partners Shell, ConocoPhillips, and Chevron has started production from its Clair Ridge offshore project located in the West of Shetland region offshore the UK.
DOF wins two-year deal for Skandi Aukra platform supplier
Norwegian offshore vessel owner DOF has been awarded a charter contract for one of its platform supply vessels (PSV).