Fossil Energy

U.S. weekly offshore rig count up by two
The number of active offshore rigs in the U.S. is up by two units over the last week, according to a weekly rig count report by Baker Hughes.

DeepOcean charters Volstad’s Volantis vessel
Norwegian vessel owner and operator Volstad Maritime has extended a charter contract with subsea services provider DeepOcean for the Volantis vessel.

Cosco starts conversion work for Woodside’s Sangomar FPSO
Chinese shipyard Cosco has started working on a conversion of a VLCC into an FPSO for the Woodside -operated Sangomar project located offshore Senegal.

Woodside starts Pluto LNG-KGP interconnector build
Australian energy giant Woodside has kicked off construction on the Pluto-KGP interconnector, linking Pluto LNG and the Karratha gas plant.

Romgaz places bid to buy ExxonMobil subsidiary in Romania
Romanian oil and gas company Romgaz has filed a takeover offer for ExxonMobil’s subsidiary in Romania which holds a share in a Black Sea offshore block.

Cosco delivers fifth jack-up newbuild
China’s Cosco Shipping Heavy Industry has delivered the second jack-up drilling rig to China National Offshore Engineering.

THREE60 wins 5-year deal with OMV in Norway
Energy services company THREE60 Energy has been awarded a new framework agreement with Austria’s oil and gas company OMV for operations in Norway.

Partners secure funds to drill Buffalo well this year
Carnarvon Petroleum is advancing its Buffalo oil field, offshore Timor-Leste, to drilling following a successful capital raise by partner Advance Energy.

Tullow Oil closes Equatorial Guinea assets sale to Panoro
Oil and gas company Tullow Oil has completed the sale of its assets in Equatorial Guinea to Oslo-listed Panoro Energy.

Premier Oil and Chrysaor formally become Harbour Energy
The completion of the all-share merger of Chrysaor and Premier Oil has formally been completed and the company, named Harbour Energy, will be admitted to trading on the London Stock Exchange from 1 April 2021.

Russia’s Lukoil gives up on FAR takeover plans
Russia’s Lukoil will not be proceeding with its previous plans to take over Australia’s FAR Limited and enter the Sangomar project located offshore Senegal.

Bristow in executive changes to adapt to energy transition
Offshore helicopter operator Bristow has made changes to its executive leadership team structure to help it capitalise on new market conditions and the evolving energy transition.

ION set for second phase of North Sea survey
ION has finalised plans to launch the second phase of its North Sea 3D multi-client program, selecting Shearwater GeoServices again to acquire the survey data.

SeaBird secures new survey job while other one gets delayed
Oslo-listed seismic acquisition company SeaBird Exploration has secured a new contract for a survey in the Eastern hemisphere and seen a delay in a separate contract awarded late last year.