Fossil Energy
Solstad vessels to support drilling off Australia and Timor Leste
Norwegian vessel owner Solstad Offshore has secured new contract awards for its vessels for operations in Australia and Timor Leste.
Chevron invests $300 million in low-carbon technology
U.S. oil major Chevron has, through one of its subsidiaries, launched a $300 million-worth Future Energy Fund II focused on technologies that would enable cleaner energy for all.
ADNOC fleet expansion to add 12 million barrels cargo capacity
ADNOC Logistics & Services, the shipping and maritime logistics arm of ADNOC, is expanding its fleet with the acquisition of six VLCCs.
Golar LNG profit slips, FLNG Hilli Episeyo hits cargo milestone
Golar LNG, owner and operator of LNG midstream infrastructure, saw its fourth-quarter profit dwindle.
Vaalco closes Etame Marin block stake buy from Sasol
Houston-based oil and gas company Vaalco Energy has closed the acquisition of Sasol’s 27.8 per cent working interest in the Etame Marin block offshore Gabon.
Borr Drilling nets new deals for jack-up rigs
Borr Drilling has won a new contract and signed four letters of intent and one letter of award for its fleet of jack-up drilling rigs.
Seven oil players apply for production licences off Norway
Seven oil and gas companies have applied for production licences in the 25th licensing round offshore Norway, focusing on the Barents Sea.
ConocoPhillips VP and COO retiring after 35 years
ConocoPhillips has announced the retirement of Matt Fox as executive vice president and chief operating officer after a 35-year career with the company.
Report: Baker Hughes and others quit Nord Stream 2 amid threat of sanctions
Baker Hughes, AXA Group, and 16 other companies have reportedly abandoned work on the Nord Stream 2 pipeline project and will not be sanctioned by the U.S.
TechnipFMC taps UTEC for Coral-Sul FLNG survey
Acteon’s surveying company UTEC has won a contract from TechnipFMC to support the development of Coral-Sul FLNG (floating liquefied natural gas) project, the world’s first in ultra-deepwater. The Coral-Sul FLNG, which is approximately 50 kilometres from the Mozambique coast, will operate in 2000 met
TWMA wins first job with Spirit Energy in North Sea
Specialist drilling waste management company, TWMA, has secured a seven-figure contract with an exploration and production company, Spirit Energy.
TechnipFMC stays in the red
UK-based TechnipFMC has reported fourth-quarter 2020 loss of $39 million or 9 cent per diluted share against $2.4 billion loss same time last year. Adjusted diluted earnings per share was 5 cents, with analysts projecting some 20 cents. Revenue for the quarter was down from Q4 2019 some eight per ce
EnQuest farms down North Sea field to Hibiscus
EnQuest is farming down its interest in the Eagle discovery in the UK North Sea to Anasuria Hibiscus for a nominal consideration of $1.
Subsea 7 reports $1.1 billion loss in 2020
Subsea 7 has recognised a major loss in 2020, mostly on impairment charges, but increased its backlog by 20 per cent and kept revenue down only five per cent compared to 2019. The engineering and construction specialist recognised 2020 net loss of $1.1 billion, against loss of $82 million in 2019. I