Fossil Energy
Fugro agrees $16M Seabed Geosolutions sale
Dutch survey contractor Fugro has reached a binding agreement with PXGEO Seismic Services to sell certain assets and the related business of its non-core subsidiary Seabed Geosolutions for $16 million in cash.
Floatel gets Martin Linge extension
Floatel International has been awarded a contract extension for one of its units from Equinor for operations on the Martin Linge field offshore Norway.
PGS secures 3D survey work offshore Egypt
Norwegian seismic player PGS has been awarded a high-fidelity 3D exploration program by a supermajor offshore Egypt.
Australian regulator accepts Jadestone’s plan for new Stag field offtake model
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has approved Jadestone Energy’s plan for operations at the Stag field, located offshore Australia.
Lamprell eyes revenue streams from digital ventures
Injazat and Lamprell have entered into a JV agreement to create and market innovative digital solutions focusing on the renewables and oil & gas industries.
PTTEP makes oil and gas discovery offshore Malaysia
Thailand’s PTT Exploration & Production (PTTEP) has made a new oil and gas discovery in the Sirung-1 wildcat exploration well offshore Sarawak, Malaysia.
Santos takes FID on $3.6bn Barossa gas project
Santos has taken a final investment decision to proceed with Barossa, the $3.6 billion gas and condensate project, located offshore Australia.
Neptune amends volume estimate for Dugong discovery
Neptune Energy has reduced its volume estimate for the Dugong discovery, located in the North Sea, following an appraisal well drilling.
Karoon restructures exec team as it creates Brazil unit
Following the acquisition of the Bauna offshore field, Karoon Energy has created a Brazil Business Unit and is working to restructure its executive team.
Shell proposes to link directors’ pay to climate performance
Energy major Shell has proposed linking its directors’ pay more closely to the group’s climate performance and severing the link between bonuses and liquefied natural gas (LNG) production volumes.
Oceanteam to sell Southern Ocean vessel. Plans merger with PASSER
Oceanteam has entered into a memorandum of agreement for the sale of the CSV Southern Ocean, announcing also a potential merger with PASSER Group to target high-growth offshore renewable energy market.
Petronas suspends oilfield contractor over alleged illegal scheme
Malaysian oilfield services contractor Deleum Primera has been suspended by compatriot oil company Petronas from participating in future tenders.
Top Petrobras executives leave after clashing with incoming CEO
Several top executives of state-own Brazilian oil company Petrobras decided to leave the company following the end of their mandate on 20 March.
KRG Engineering to diversify into renewables, expand oil and gas presence
KRG Engineering (KRG), a turnkey precision engineering specialist, has announced plans to expand its presence in the oil and gas sector, while diversifying into renewables as well.