Fossil Energy
3D Oil identifies potential leads in Gippsland Basin
Australian oil company 3D Oil has identified four potential leads holding a best estimate prospective resource of 370 million barrels of oil equivalent in the Gippsland Basin.
Stena Drilling orders MPD system for another drillship
Offshore drilling contractor Stena Drilling has ordered a fourth managed pressure drilling (MPD) system for the Stena Forth drillship.
NZOG, Beach surrender deepwater permit off New Zealand
NZOG and Beach Energy, joint venture owners of the New Zealand exploration permit which holds the Barque gas prospect, have applied to relinquish the deepwater block.
Strike averted and deal reached to avoid field shutdown
Equinor has said that there will be no strike at Mongstad refinery as the employers’ organisation and the workers’ union have managed to make a deal.
Three60 Energy picks EPC&C projects director
Energy services group Three60 Energy has announced a strategic addition to its engineering, procurement, construction, and commissioning (EPC&C) service line.
Equinor spent nearly $18 billion on suppliers in 2020
In 2020, Norwegian oil and gas giant Equinor purchased goods and services worth NOK 150.8 billion (about $17.8 billion) from around 8500 suppliers globally.
OGA takes proactive approach and launches probe into licence breach
UK’s petroleum regulator, the Oil and Gas Authority (OGA), has opened an investigation into a possible breach of reporting requirements under a licence.
Shell picks helicopter operator for Gulf of Mexico
Oil major Shell has selected U.S. offshore helicopter operator PHI to operate four Airbus H160s to service a support contract in the Gulf of Mexico. Announcing the contract on Monday, Airbus said it marks the entry into the oil and gas market of the H160 with design features promising new levels of
ConocoPhillips files for Sequoia 3D survey
ConocoPhillips Australia and 3D Oil are proposing to undertake the Sequoia 3D marine seismic survey within exploration permit T/49P in the Otway Basin, west of Tasmania’s King Island. The purpose of the Sequoia 3D survey is to acquire geophysical data to provide a 3D image of the subsurface geology
Beach reveals size of Otway basin discovery off Australia
Australian oil and gas company Beach Energy has announced reserves in the nearshore Enterprise gas field located in the Victorian Otway Basin offshore Australia.
Repsol Sinopec, TechnipFMC, Petrofac in pact to boost recovery in North Sea
Repsol Sinopec Resources has formed a partnership with TechnipFMC and Petrofac, which seeks to maximise the recovery of oil and gas from the UKCS
U.S. pauses planning for March oil and gas lease sale
Due to Biden’s plans to pursue a clean energy future, the U.S. government has rescinded the Record of Decision for the Gulf of Mexico oil & gas lease sale.
Red numbers for Aker Solutions; Loss also expected in 2021
Norwegian energy services player Aker Solutions has seen its loss widened in the fourth quarter 2020 on impairments and lower activity, which led to some 30 per cent revenue drop. The Oslo-listed company recognised quarterly net loss of NOK 844 million, versus net loss of NOK 129 million in Q4 2019.
Transocean adds more work to backlog, retires Leiv Eiriksson rig
Transocean has secured new contracts for its fleet, bringing the total backlog to $7.8 billion, but it has also decided to retire the Leiv Eiriksson.