Fossil Energy
Baker Hughes and Akastor create new offshore drilling solutions player
Baker Hughes and Akastor have announced an agreement to create a joint venture company, that will deliver an offshore drilling equipment offering.
U.S. weekly offshore rig count up by one
The number of active offshore rigs in the U.S. is up by one unit over the last week, according to a weekly rig count report by Baker Hughes.
Neptune kicks off appraisal drilling at Dugong discovery
Neptune Energy and its partners in the Dugong licence have started drilling on the Dugong appraisal well, located in the Norwegian sector of the North Sea.
Prosafe unit hired for accommodation at Buzzard
Prosafe has signed a contract with CNOOC Petroleum for the charter of the Safe Boreas to provide gangway connected operations for the Buzzard platform.
Jadestone to re-issue FPSO tender for Vietnam gas project
Jadestone is preparing to re-issue an FPSO tender for a project offshore Vietnam, which was delayed last year due to challenging market conditions.
DNO gets nod to plug North Sea wells with Dolphin rig
Norwegian offshore safety watchdog has given DNO Norge consent for the use of the Borgland Dolphin rig for a permanent plugging of wells offshore Norway.
Solstad back in black; Eyes more renewables work
Norwegian shipowner Solstad Offshore has bounced back in black as a result of successful financial restructuring. The company posted quarterly profit of NOK 11.43 billion, compared to NOK 1.19 loss same time last year. Full-year result was positive, with profit of NOK 7.23 billion, against NOK 3 bil
Apollo and Vekta Group join forces for offshore wind, oil & gas
Apollo and Vekta Group have signed a Memorandum of Understanding (MoU) to together provide services across the offshore wind and oil & gas sectors. The combined service offering brings commercial, project management, yield modelling, power, electrical, mechanical, structural and marine experience. T
Energean takes full ownership of Israeli subsidiary
Oil and gas firm Energean has completed its acquisition of the 30 per cent minority interest in its Israeli subsidiary from Kerogen Capital.
Regulator issues order following audit of Equinor’s Norne FPSO
Norway’s offshore safety watchdog, the Petroleum Safety Authority (PSA), has issued an order to Equinor following an audit of the company’s integrated risk and barrier management on the Norne FPSO.
Tullow Oil agrees on new debt capacity with banks
Oil and gas company Tullow Oil has agreed a new debt capacity with its banks under its reserves based lending facility of $1.7 billion.
Siem Offshore trims quarterly loss
Oslo-listed marine contractor Siem Offshore has reduced its Q4 2020 deficit despite revenue drop of 20 per cent against prior-year quarter. Quarterly operating revenues were $57 million, compared to $71 million in Q4 2019. The decrease in revenues from 4Q 2019 is mainly due to lower revenues from th
MMA Offshore bags $20M deal with TechnipFMC
MMA Offshore has won a contract with TechnipFMC to provide tug and barge support for subsea installation project in Australia. The ASX-listed marine and subsea services player said the contact will see utilisation of MMA-owned and chartered vessels. Specifically, the company will provide a fleet of
Senate approves Granholm to head U.S. Energy Department
The U.S. Senate has approved President Joe Biden’s nominee, former Michigan governor Jennifer Granholm to serve as the secretary of the Department of Energy.