Fossil Energy
Standard Drilling boosts interest in four platform suppliers
Standard Drilling has increased its ownership stake in New World Supply (NWS) and four of its platform supply vessels.
Ashtead Technology boosts IMR with Welaptega buy
Ashtead Technology has expanded its IMR services with the acquisition of Canadian-based underwater inspection company Welaptega.
Eni gets drilling permit for appraisal well in Barents Sea
The Norwegian Petroleum Directorate (NPD) has granted Eni Norge a drilling permit for an appraisal well in the Barents Sea offshore Norway.
Borr Drilling reveals a batch of new jack-up contracts
Borr Drilling, one of the youngest drilling companies in the offshore industry, on Tuesday said it had secured six drilling contracts in the past few months.
Safe Caledonia done with Clair Ridge work. Safe Zephyrus to take over next year
Prosafe’s flotel Safe Caledonia has completed its work on BP’s Clair Ridge platform located West of Shetland and the Safe Zephyrus will take over next year.
Shell starts pumping Clipper South field gas
Oil giant Shell has informed it has started to supply natural gas from the Ineos and Spirit Energy-owned Clipper South field, into the UK gas network via Shell’s Clipper hub in the southern North Sea. The Clipper field is located in the southern part of the UK sector of the North Sea in the Sole Pit
Eidesvik sees challenging PSV market in winter with improvement in spring
Eidesvik Offshore expects a challenging market for platform supply vessels this winter but sees an improvement coming in spring next year.
Fred. Olsen Energy risks bankruptcy without refinancing solution
Fred. Olsen Energy (FOE) might be facing bankruptcy if no solution is found to its refinancing, which is being obstructed by one secured lender.
Equinor makes gas discovery in Barents Sea
Equinor has made a gas discovery northwest of Atlantis gas discovery located in the Barents Sea offshore Norway.
Offshore watchdog looks into Neptune’s Fenja project
The PSA has found an improvement point during an audit of production pipes for Neptune’s Fenja field off Norway.
Bergen Group to change name after merger with Endúr Fabricom
Norwegian industrial group Bergen Group plans to change its name upon completion of the merger process with compatriot oil services company Endúr Fabricom.
Borr Drilling sees strong case for jack-up market recovery
Jack-up drilling company Borr Drilling is seeing an increase in jack-up rig utilization, especially in the premium jack-up rig segment, mostly in the Middle East, West Africa, Mexico, and the North Sea.
Solstad Offshore sheds platform supplier
A subsidiary of Norwegian offshore shipping company Solstad Offshore has sold one of its platform supply vessels.
Faroe spuds Brasse East well in North Sea
Faroe Petroleum has started drilling the Brasse East exploration well 31/7-3S in the Northern North Sea offshore Norway.