Fossil Energy
Eco Atlantic enters ExxonMobil’s Canje block off Guyana
Eco Atlantic has increased its position in Guyana through an acquisition of an interest in the ExxonMobil-operated Canje offshore block.
UK High Court rejects Hurricane Energy’s debt restructuring plan
The High Court of Justice of England and Wales has not sanctioned Hurricane Energy’s financial restructuring plan that would have handed control of the company to its bondholders.
Shell becomes technical developer for Acorn CCS project
Energy supermajor Shell has been named as the technical developer for the Acorn carbon capture and storage (CCS) project in the UK.
Santos launches Dorado FEED program
Australian oil and gas firm Santos has launched the front-end engineering and design (FEED) phase of the Dorado project in the Bedout Sub-basin, offshore Western Australia.
AqualisBraemar LOC wraps up Sable campaign for ExxonMobil
AqualisBraemar LOC has completed its assignment in connection with the decommissioning & removal campaign of the Sable Project in Nova Scotia.
Ghana court orders Eni to freeze slice of Sankofa revenues amid unitisation dispute with Springfield
A court has ordered Eni to place part of its revenues from a field in Ghana in an escrow account until a unitisation agreement is reached with Springfield.
CNOOC starts up new phase of oilfield off China
Chinese oil and gas giant CNOOC Limited has started production from the Weizhou 11-2 oilfield phase II project located in Chinese waters.
Energean to target over 1 billion boe in Israel with Stena drillship
E&P company Energean has signed a contract with Stena Drilling for its 2022 – 2023 growth drilling programme located offshore Israel.
SBM Offshore closes financing for Exxon’s Payara FPSO
SBM Offshore has completed the project financing for an FPSO which is destined to operate on ExxonMobil’s Payara project in Guyana.
PGS wins 4D acquisition contract offshore Guyana
Norway-based Petroleum Geo-Services (PGS) has secured a 4D acquisition contract from ExxonMobil for work offshore Guyana.
Repsol Sinopec extends lease for North Sea FPSO
Repsol Sinopec Resources has awarded an extension of the bareboat charter to the Bluewater-owned FPSO Bleo Holm.
Vår Energi hands out long-term deals to local suppliers
Norwegian oil and gas company Vår Energi has awarded long-term contracts for HSSEQ services to local suppliers.
U.S. offshore rig count inched up after two weeks of no change
After two weeks of no change, the number of offshore rigs in the U.S. increased by one unit last week, according to Baker Hughes.
In focus: Time to part ways with old habits
Old habits die hard. Hence, it may be a lot more difficult for the offshore energy industry and the maritime sector to make peace with the transition they have to undergo and renounce previous business practices. The message was echoed in this week’s protest of Greenpeace environmental activists, wh