Fossil Energy
KUFPEC makes its first operated offshore discovery
KUFPEC has revealed its first operated offshore gas discovery, following a successful drilling campaign in the Anambas Block, off Indonesia.
Shell ditches Royal Dutch from its name
Shell has officially changed its name to Shell plc, after deciding to simplify its share structure and remove the Royal designation.
Vår Energi launching Oslo IPO to maximise growth
Vår Energi is launching a process for an IPO and listing of shares on Oslo Børs in a bid to optimise value creation, seeking future growth.
BW Offshore gets rid of FPSO to transition to floating energy investments
BW Offshore has decided to sell one of its FPSO vessels as part of its strategy to transition to floating energy infrastructure investments.
Disappointing results for Carnarvon in Buffalo well
Carnarvon Energy is disappointed following results from its Buffalo-1- well drilled offshore Timor-Leste, which will now be abandoned.
Harvey Gulf upgrading fleet with ‘groundbreaking’ solution to cut emissions
Harvey Gulf has inked a deal with SailPlan to optimise its fleet with the latter’s emission optimisation platform to reduce emissions.
Two North Sea fields drive Lundin’s reserves increase
Oil and gas company Lundin Energy has disclosed an increase in its 2P and 3P reserves, owing to two North Sea fields.
U.S. offshore rig count reaches a standstill
After slow and consistent growth for two weeks in a row, the number of offshore rigs in the U.S. remained flat at 18 last week.
In focus: Emission-reduction initiatives ramping up across offshore energy sectors
The COVID-19 pandemic may have transformed the way we live and work; however, the offshore energy sector seems to find its way through these challenges. A flashback to the week behind us reveals that new roadmaps to achieve net-zero goals are developed across various sectors, while new projects are
Upstream M&A deals hit three-year high in 2021 – Rystad
Global upstream merger and acquisition deals rebounded to pre-Covid-19 levels in 2021, reaching a total of $181 bln, Rystad Energy’s says.
Oilfield services players close the year on a positive note
Two giant oilfield services players – Baker Hughes & Schlumberger – closed the year 2021 on a positive note.
Neptune extends SeaMar vessel charter for IRM services
Offshore vessel operator SeaMar has secured a contract extension with Neptune Energy Netherlands for the diving support vessel (DSV) SeaMar Splendid.
Highest utilisation rate for Prosafe fleet since 2015
In 2021, Prosafe saw its vessel utilisation more than double when compared to the previous year and reach the highest rate since 2015.
TotalEnergies withdrawing from Myanmar amid ‘worsening situation’
TotalEnergies has decided to withdraw from its operations in Myanmar following a military coup in the country in February 2021.