Fossil Energy
Halliburton and Optime Subsea forge global alliance
Oilfield services giant Halliburton has formed a global strategic alliance with Optime Subsea to jointly commercialize and deploy subsea interventions and controls.
Petrofac extends $700 million loan
Oilfield services provider Petrofac has extended $700 million of its banking facilities at its request with the unanimous support of lenders.
Norwegian oil fund partners with Ørsted on Borssele 1&2 offshore wind farm
Ørsted has signed an agreement with Norges Bank Investment Management (NBIM) to divest a 50% ownership share in its Borssele 1 & 2 offshore wind farm in the Netherlands. As part of the deal, Ørsted will continue to provide long-term operations and maintenance services from its O&M base at the Port o
Jersey closes purchase of CIECO V&C from Japanese owners
North Sea-focused Jersey Oil & Gas (JOG) has now completed its acquisition of the entire issued share capital of CIECO V&C.
Finder Energy picks up its second UK offshore license
Perth-based oil and exploration company Finder Energy has been awarded a 100 per cent interest in the P2528 Licence in the 32nd UK Offshore Licensing Round.
ABB and Siemens to handle electrical equipment on all Equinor facilities
ABB and Siemens Energy are awarded framework agreements by Equinor for providing the service of electrical equipment on all installations in Norway.
Shell takes Maersk drillship for four Malaysian wells
Maersk Drilling has secured a contract with Shell for the 7th generation drillship Maersk Viking to drill offshore Malaysia.
Report: Delek Drilling in talks to sell Tamar stake to Cairn Energy
Israel’s Delek Drilling is in talks to sell its stake in the Tamar offshore natural gas field for up to $1.1 billion, Israeli media outlets reported.
Eni to tie-in new oil discovery in Angola to FPSO
Italian oil and gas company Eni has made a new light oil discovery in Block 15/06, which is located in Angola’s deep offshore.
Petrobras to take over BP’s stakes in 6 blocks off Brazil
Petrobras has signed agreements with BP to take over BP’s entire stakes in six blocks, located in ultra-deepwater in northern Brazil.
Tailwind acquires Decipher Energy and its North Sea assets
UK-based oil and gas company Tailwind Energy has acquired compatriot Decipher Energy Limited which owns several assets in the UK North Sea.
Wood gets 5-year job on TAQA’s North Sea assets
Wood will build upon its 12-year relationship with TAQA following the award of a new contract across the company’s North Sea assets.
PetroNor restarts arbitration for two Senegal offshore blocks
Oil and gas company PetroNor has revealed that it has restarted the formal arbitration process related to a dispute for two offshore blocks.
BP to reach $35bn net debt target early
BP expects to reach its $35 billion net debt target in 1Q 2021, one year ahead of schedule, as a result of earlier delivery of disposal proceeds.