Fossil Energy
John Fredriksen firm takes interest in Valaris
Billionaire John Fredriksen’s Seatankers Group has acquired an interest in Seadrill’s rival offshore drilling contractor Valaris.
Lukoil and Petronas change Shah Deniz deal due to pre-emption by partners
Lukoil and Petronas have changed their previous agreement related to Lukoil’s acquisition of an interest in the Shah Deniz project.
ExxonMobil and QatarEnergy expand footprint in Cyprus with new block entry
A consortium comprising ExxonMobil and QatarEnergy has signed an exploration and production sharing contract with Cyprus.
Neptune Energy to ring in the new year with new CEO
Neptune Energy has revealed the name of its new CEO, who will take over the role after the current one retires at the end of the month.
Talos to review board composition after three members step down
Talos has revealed plans to review the composition of its board following the resignation of representatives from Apollo and Riverstone.
TechnipFMC scores flexible pipe trifecta with Petrobras
TechnipFMC has signed three frame agreements with Petrobras for the manufacture of more than 500 kilometers of flexible pipe over the next four years in Brazil, as well as other services.
Norwegian energy trio joins in on Polaris CCS project
Norwegian energy companies Horisont Energi, Equinor, and Vår Energi have agreed to collaborate on the development of the carbon transportation and storage project Polaris, off the coast of Northern Norway.
Lundin gets green light for exploration drilling off Norway
Lundin has received consent from the offshore regulator to use the Deepsea Stavanger rig for exploration drilling in the Norwegian Sea.
Lamprell adds ex-Vestas COO to its board
Lamprell has appointed a former COO of Vestas as an independent non-executive director after its current one tendered his resignation.
Danish govt bankrolls two projects for CO2 storage in North Sea
Denmark’s government has approved funding for two CCS projects, which will use the existing oil and gas infrastructure in the North Sea.
Shell keen to unlock full potential of Gulf of Mexico discoveries
Shell has made a discovery at a prospect in the Gulf of Mexico, providing an opportunity to increase the output in the Perdido Corridor.
Sapura Energy facing cash flow and liquidity issues
Malaysian oilfield services provider Sapura Energy is facing cash flow and liquidity issues exacerbated by the Covid-19 pandemic.
NEO Energy gains access to key North Sea hubs after closing ExxonMobil deal
HitecVision-backed NEO Energy has finally completed the acquisition of ExxonMobil’s non-operated oil and gas assets in the North Sea.
New charter extension for Prosafe unit
Offshore accommodation rig provider Prosafe has secured a contract extension for one of its units for operations in Trinidad and Tobago.