Fossil Energy
BP triples first-quarter profit to $2.6 billion on strong oil, gas trading
Oil major BP has tripled its quarterly profit due to exceptional gas marketing, significantly higher oil prices, and higher refining margins.
Vaalco in talks to use FSO on Etame field off Gabon
Houston-based Vaalco Energy has signed a non-binding letter of intent (LOI) with Omni Offshore Terminals to provide and operate floating storage and offloading (FSO) unit at the Etame Marin field offshore Gabon.
Nordic partnership targets oil and gas platforms emissions cut using wave tech
Oil and gas company Lundin Energy Norway has partnered up with Swedish wave energy developer Ocean Harvesting Technologies to explore the potential of using wave energy to decarbonise the production of oil and gas on offshore platforms.
Scotland gets first dedicated subsea decommissioning hub
NorSea UK, in collaboration with Robertson-IES and CR Smith Services, has unveiled NorSea Decom – a dedicated entity whose sole work scope will be the safe and compliant management of decommissioned subsea infrastructure and waste logistics.
Diamond Offshore emerges from Chapter 11 bankruptcy
Offshore drilling contractor Diamond Offshore Drilling and its debtor-affiliates have emerged from their Chapter 11 process after completing a financial reorganization under their joint plan of reorganization.
Talos Energy nominates new board member
Houston-based oil and gas company Talos Energy has nominated a new member of the company’s board of directors.
ExxonMobil successful again – more oil found off Guyana
U.S. supermajor ExxonMobil has made another oil discovery offshore Guyana with the Uaru-2 well in the Stabroek Block.
PetroNor closes Guinea-Bissau offshore blocks buy
Independent oil and gas exploration and production company PetroNor has received the necessary approvals for the acquisition of high potential acreage offshore Guinea Bissau through the buy of SPE Guinea Bissau AB.
Lundin sells ‘world-first’ carbon-neutral certified oil
Oil and gas company Lundin Energy has sold the world’s first-ever certified carbon neutrally produced oil to Saras S.p.A from its Edvard Grieg field offshore Norway.
BP, Reliance produce gas from second Indian deepwater field
Oil major BP and India’s Reliance Industries have started production from the Satellite Cluster gas field in block KG D6 off the east coast of India.
Mubadala signs MOU to buy Tamar field stake from Delek Drilling
Israel’s Delek Drilling has signed a non-binding memorandum of understanding (MoU) with UAE’s Mubadala Petroleum for the sale of its 22 per cent non-operated stake in the Tamar gas field offshore Israel.
Archer 3D seismic survey starts offshore Australia
Shearwater’s Geo Coral vessel has started the Archer 3D seismic survey that will cover the Dorado development and the exploration potential to the south west of the field located in the Bedout Sub-basin offshore Australia.
Northern Producer FPF arrives at port from Don fields
Northern Offshore’s Northern Producer floating production facility (FPF) has arrived at the Kishorn Port in Scotland following removal from EnQuest’s Don fields in the North Sea.
TechnipFMC gets go-ahead for Santos’ Barossa subsea works
TechnipFMC has received a notice to proceed with the subsea production system contract from the Australian energy giant Santos for the Barossa gas field project.