Fossil Energy
Petrobras orders $2.3 billion FPSO from Saipem and Korea’s DSME
Petrobras has signed a contract with the joint venture formed by Saipem and DSME in the amount of $2.3 billion for the supply of P-79 FPSO.
Lancaster issues swell for Hurricane as well trips and shuts down
In addition to facing a wind-down and a wind-up of its Lancaster field, Hurricane Energy has experienced further issues on its field.
James Fisher expands decommissioning capability with new acquisition
James Fisher and Sons has acquired engineering solutions and consultancy firm Subsea Engenuity, extending its current decommissioning capability under James Fisher Offshore (JFO). James Fisher stated that the addition of this innovative technology enhances JFO’s capability by enabling full subsea de
Seacor Marine enters agreement to pay off debt
U.S. offshore support vessel provider Seacor Marine has entered into a second amendment and conditional payoff agreement with JPMorgan Chase Bank.
Malaysia: Aker Solutions manager charged over ‘misleading’ Petronas
An Aker Solutions manager in Malaysia has been charged due to allegations that he had submitted false documents in dealings with state-owned energy giant Petronas, Reuters reports. The case comes amid investigations by the Malaysian Anti Corruption Commission (MACC) into whether the Norwegian compan
EnQuest inks new $750 million debt facility to finance Golden Eagle deal
EnQuest has signed a new senior secured borrowing base debt facility to enable refinancing and the acquisition of Golden Eagle.
Standard Drilling sheds platform supply vessel
Cyprus-based offshore vessel operator S.D Standard Drilling has entered into a memorandum of agreement (MOA) to sell one of its platform supply vessels.
Big money forcing Big Oil into climate change revolution
With the annual general meeting season now behind us, many oil majors have felt the heat from investors – most prominently BlackRock – or courts to put more effort into accelerating climate action.
Giant vessel removes Morecambe Bay topsides in less than 90 minutes
Giant heavy lift vessel Pioneering Spirit has executed the single-lift removal of the DP3 gas production topsides from Morecambe Bay.
Serica preparing to bring third Rhum well online
Serica Energy has completed a flow test on the Rhum R3 well in the UK North Sea with plans to start production in the third quarter of 2021.
Australian wells creating multi-billion opportunity for P&A, Rystad says
Australia is about to see its largest-ever wave of offshore wells that reach the end of their producing life & need to be decommissioned, Rystad says.
Kosmos Energy adds Wood chairman to its board
U.S. oil and gas company Kosmos Energy has appointed Roy A. Franklin to its board of directors, effective 9 June 2021.
Neptune to reduce need for offshore trips with virtual reality tech
Neptune Energy has completed a virtual reality pilot on its Gjøa platform, enabling teams to make highly realistic virtual visits.
Havfram gets FPSO mooring job at Greater Tortue Ahmeyim
Havfram has secured a contract with Technip Energies for the pre-installation and hook-up of the subsea mooring system for the natural gas floating production storage and offloading (FPSO) at the Greater Tortue Ahmeyim (GTA) project. Newly founded Technip Energies is providing the facility to BP for