Fossil Energy

Hess increases budget with majority going to Guyana & Bakken again
Hess Corporation has revealed that its Exploration & Production capital and exploratory budget for 2022 will amount to $2.6 billion.

IOG awaits survey data for clarity on next steps for delayed North Sea well
IOG is considering potential solutions to resume drilling ops in the UK North Sea while a timeline is expected after seabed survey analysis.

SBM Offshore sells stake in Brazil-bound FPSO to Japanese duo
SBM Offshore has sold a minority stake in Almirante Tamandaré, an FPSO which is currently under construction to two Japanese companies.

Hibiscus expects threefold increase in o&g output due to Repsol deal
Malaysia’s Hibiscus Petroleum has completed the acquisition of Repsol’s E&P assets in Malaysia and Vietnam.

COSCO Shipping’s fleet now boasts nine heavy lift vessels
Chinese shipping and logistic services provider COSCO Shipping has added another giant heavy-lift vessel to its fleet.

TechnipFMC signs subsea EPCI contract with Petrobras
Brazil’s Petrobras has awarded TechnipFMC with a subsea engineering, procurement, construction and installation (EPCI) contract for its Búzios 6 field (module 7) greenfield development in the Santos Basin pre-salt area. The scope of the contract includes flexible and rigid pipe, umbilicals, pipeline

Petrofac to go on as NEO Energy’s well operator for another five years
Petrofac has secured a five-year contract extension for well management and well operator services with NEO Energy.

Well-Safe selects helicopter operator for North Sea ops
Offshore Helicopter Services UK Limited has secured a new contract with Well-Safe Solutions for operations off the UK.

Stamp of approval for Equinor to use Floatel’s unit in North Sea
Norway’s PSA has given Equinor consent to use one of Floatel’s semi-subs as a mobile accommodation facility at a North Sea field off Norway.

Strategic Marine scores new fast crew boat order
Strategic Marine has inked a deal to build a 40m fast crew boat (FCB) with a new Malaysia-based client, Blue Petra.

The time has come for Heerema to remove four North Sea platforms
Petrogas E&P Netherlands has awarded Heerema Marine Contractors an integrated decommissioning contract for multiple North Sea oil platforms.

Enauta moves to buy FPSO for Brazilian field
Enauta has entered into an agreement for the purchase of an FPSO for the Definitive System of the Atlanta field located offshore Brazil.

Inpex secures rig for drilling off Japan
Japan Drilling Co. has been awarded a contract by compatriot Inpex Corporation for the provision of a semi-submersible drilling rig.

Six-year extension for ‘largest deepwater FPSO in Malaysia’
MISC Berhad announced that the MDFT had recently entered into an agreement with PTTEP to extend a charter contract for an FPSO off Sabah.