Fossil Energy
Oceaneering wins three-year integrity management deal in PNG
Oceaneering’s Integrity Management and Digital Solutions segment has won a new multi-year contract in Papua New Guinea with a major operator.
Noble secures new work for ex-Pacific rigs but two stacked drillships retired
Noble Corporation has secured new contracts for legacy Pacific rigs but it has also retired two of its stacked drillships.
Woodside raises Scarborough cost estimate ahead of FID
Woodside has increased the cost estimate for the Scarborough gas project development in Australia by five per cent.
Enersea inks FEED deal with Petrogas offshore Netherlands
Enersea has secured a front-end engineering and design (FEED) contract with Petrogas E&P Netherlands for the development of the A15 and B10 gas fields.
Aker BP’s Hod platform set for installation in North Sea
The topside of the platform for the Hod field is transported today from Aker Solutions yard to the Aker BP-operated field in the North Sea.
UK’s IOG commits to net-zero status as of 2021
UK gas company IOG plc has committed to Scope 1 & 2 net-zero status as of 2021 following the completion of an Emissions Assessment.
Fresh start for Valaris with new contracts and three stacked rigs returning to work
Valaris is seeing early signs of recovery in rig demand evidenced by new contracts for its fleet of drillships, semi-submersible, and jack-ups.
Transocean cuts losses, sees utilisation and day rates improving
Transocean reduced its quarterly losses despite lower revenues and is encouraged by the current upcycle in the offshore drilling market.
Higher oil prices boost ConocoPhillips profit
ConocoPhillips saw an increase in its earnings for the second quarter of 2021 compared to the same period in 2020 driven by higher oil and gas prices.
BP bounces back to profit, ups dividend
BP has decided to boost its dividend by four per cent and start a share buyback program following a return to profit in 2Q 2021.
SBM Offshore and Petrobras ink letter of intent for new Mero FPSO as partners take FID
SBM Offshore has signed a letter of intent with Petrobras for a 22.5 years lease and operate contracts of FPSO Alexandre de Gusmão.
Dyna-Mac gets order to build FPSO topside modules
Dyna-Mac has secured a fabrication project from a Chinese company for a total provisional contract sum of S$114 million.
World’s longest ETH pipeline installed at Fenja field
Neptune Energy has completed the installation and testing of the electrically trace-heated (ETH) subsea production pipeline at its Fenja field in the Norwegian sea.
IOG spuds Blythe development well ahead of first gas
UK gas company IOG plc has started drilling the Blythe development well located in the UK North Sea ahead of the first gas from the hub.