Fossil Energy
Taylor Energy to pay millions in settlement of longest-running oil spill in U.S. history
Taylor Energy has agreed to pay millions in settlement of the Gulf of Mexico oil spill, which started 17 years ago.
Harbour Energy hires Havila vessel for ops offshore UK
Havila Shipping has secured a new contract for one of its platform supply vessels (PSVs) with Harbour Energy for operations in the UK.
Solstad scores new deal with Petrobras for ops offshore Brazil
Solstad has been awarded a long-term contract for one of its anchor handling tug supply vessels by Petrobras for operations offshore Brazil.
U.S. needs better mechanisms to oversee funding of CCS projects, GAO warns
The U.S. Government Accountability Office has expressed its concerns about DOE’s management of the funding of CCS demonstration projects.
Sembcorp Marine’s subsidiary faces arbitration over allegations of breach and payment claims
Jurong Shipyard is facing arbitration under four separate contracts due to allegations of a breach of contract and payment claims.
In focus: Global innovations and collaborations take the wheel of energy transition
The direction of the global transition to clean energy is getting more refined each week, as more of the world’s energy majors start investing in innovation and collaboration to shift energy production away from GHG-heavy sources.
Plans are in motion to electrify giant North Sea oil & gas field with floating wind farm
CNOOC Petroleum and Flotation Energy are working on a project, which would see one of the UK’s largest oil and gas assets electrified with power from a floating offshore wind farm.
Odfjell Drilling replaces Seadrill as rig manager for Northern Ocean
Offshore drilling contractor Northern Ocean has reached an agreement with Odfjell Drilling for the management of two of its rigs.
After leaving Jadestone, CFO to take the same role at Cooper Energy
Cooper Energy has revealed it will be getting a new CFO in the spring of next year by hiring the current CFO of Jadestone for the role.
Sevan’s cylindrical FPSO concept selected for Barents Sea project
Sevan SSP has revealed its concept was chosen for the Equinor-operated Wisting field development in the Barents Sea.
Oil & gas discoveries in 2021 to hit lowest level in 75 years, Rystad says
An analysis of oil and gas discoveries in 2021 by Rystad has revealed that discovered volumes are on track to hit lowest level in 75 years.
Eidesvik scores contract extension with Equinor
Eidesvik Offshore has secured a contract extension with the compatriot oil company, Equinor, for one of its platform supply vessels (PSVs).
U.S. offshore rig count comes to a halt
The number of offshore rigs in the U.S. has lost its upward traction and came to a stop, based on Baker Hughes’ weekly rig count report.
ExxonMobil kicks off drilling operations offshore Cyprus
Oil major ExxonMobil has started drilling the Glaucus-2 appraisal well located in Block 10 offshore Cyprus.