Fossil Energy
More Gulf of Mexico work for Seadrill rigs
Offshore drilling contractor Seadrill has secured more work for its rigs in the U.S. Gulf of Mexico, adding about $0.5 billion to backlog.
4D OBN program wraps up at Sapinhoa field
PXGEO has completed the 4D baseline ocean bottom node (OBN) acquisition program at the Sapinhoa field in the deepwater Santos Basin offshore Brazil.
CNOOC fires up Buzzard expansion project in North Sea
CNOOC Limited has started production from the Buzzard Phase II development located offshore in the UK sector of the North Sea.
Expro gathers over $50 million in Asia-Pacific subsea well contracts
Oilfield services firm Expro has secured two contracts in Australia and two in Malaysia for subsea well access operations together worth more than $50 million.
Equinor to exit Ireland after $434 million Corrib sale
Equinor will no longer have a business presence in Ireland following the sale of its equity position in the Corrib gas project to Vermillion.
Seplat Energy in talks to buy ExxonMobil’s shallow water assets in Nigeria
Seplat Energy has revealed it is actively engaged in negotiations to acquire ExxonMobil’s shallow water assets in Nigeria.
Eni sells stake in Algeria-Italy gas pipelines to Snam
Italian oil and gas company Eni has agreed to sell a 49.9% stake in its subsidiaries operating two groups of gas pipelines between Algeria and Italy to energy infrastructure operator Snam for a consideration of €385 million.
NEO Energy buying JX Nippon’s UK assets for $1.7 billion
UK-based oil and gas company NEO Energy is buying JX Nippon Exploration and Production (U.K.) Limited for about $1.7 billion.
Noreco CFO taking over as acting managing director after CEO resigns
Noreco has revealed that its CEO resigned from the position, while its CFO has been appointed as the new managing director of the company.
JX Nippon and PetroVietnam renew partnership for block off Vietnam
Japan Vietnam Petroleum Company (JVPC) has extended its partnership with PVEP for operations of Block 15-2, located offshore Vietnam.
In focus: Bit by bit, energy transition takes a more solid shape
The energy transition is taking a more concrete shape with each passing day as witnessed in a week behind us that was full of announcements favoring the net-zero future coming from governments, across investment banks, all the way to private offshore energy companies.
BP brings field offshore Angola on stream
BP has started production at the Platina field, located in the Angolan offshore, approximately 140 kilometres northeast of Luanda.
Seadrill to bag $549 million for Petrobras contracts in Brazil
Seadrill has been awarded two contracts worth $549 million by Petrobras for the work on the Búzios field offshore Brazil.
Amidst outcries to phase out fossil fuels, UK’s OGA chairman stands firm on continuing North Sea exploration for the foreseeable future
OGA’s chairman insists on continuing North Sea exploration and describes it as vital to meet the UK’s energy needs, despite outcries to phase out fossil fuels.