Fossil Energy

Pharos wraps up 3D seismic survey offshore Vietnam, seeks drilling partner
Pharos Energy has concluded a 3D seismic survey on the western part of Block 125 in the Phu Khanh Basin offshore Vietnam.

Kent completes takeover of SNC-Lavalin’s oil and gas division
Dubai-based energy services firm Kent has completed the acquisition of SNC-Lavalin’s oil and gas division.

Xodus in electrification study for Harbour’s North Sea assets
Xodus is assessing the infrastructure and modifications required to enable electrification of Harbour Energy’s Central North Sea assets.

PetroRio granted royalty rate reduction for Brazilian field
PetroRio has been granted a royalty rate reduction for the Tubarão Martelo field in an effort to incentivise investment in revitalization.

Subsea 7 installs pipeline bundle at Buzzard
Subsea 7 has completed the installation of a five-kilometre pipeline bundle for the CNOOC Buzzard International Phase II (BPII) project.

More red ink for Sembcorp Marine as Covid-19 disruptions linger
Sembcorp Marine saw its profit and revenues dip in 1H2021 due to project delays and increased costs caused by the Covid-19 disruptions.

Chevron makes leadership changes in push for lower carbon strategy
Oil major Chevron has made leadership changes as it’s working on its lower carbon strategy amid an ongoing energy transition.

Turkey’s TPAO conducts first flow test on Sakarya gas field
Turkey’s oil and gas company TPAO has successfully completed the first flow test of the Türkali-2 appraisal well in the Sakarya gas field located in the Black Sea.

Shell boosts dividend after 2Q profit surge
Shell has decided to boost its dividend for the second consecutive quarter this year after seeing an increase in quarterly profit.

Heerema’s giant vessel installs Cassia platform for BP – gallery
Heerema Marine Contractors’ giant heavy-lift vessel Thialf has installed the Cassia Compression platform for bp Trinidad and Tobago LLC.

TotalEnergies hits another oil target offshore Suriname
TotalEnergies and APA Corporation have encountered oil in the Sapakara South-1 well on Block 58 off the coast of Suriname.

Two Transocean drillships get new Gulf of Mexico gigs
Offshore drilling contractor Transocean has won two contracts which, in aggregate, contribute approximately $55.5 million in the backlog.

ExxonMobil’s fresh oil find off Guyana could form basis for future development
Oil major ExxonMobil has made an oil discovery at Whiptail well off Guyana, which could form the basis for future development.

Neptune Energy’s North Sea project approved for August start-up
Norwegian authorities have granted consent for the start-up of the Neptune Energy-operated Duva field in the North Sea off Norway.