Fossil Energy
Fieldwood taps Danos for production operations job in Gulf of Mexico
Danos has been awarded a multi-year contract for production operations with Fieldwood Energy, a major oil and gas producer in the Gulf of Mexico.
TechnipFMC separation to take place this month
TechnipFMC said on Thursday it plans to wrap up its separation into two independent, publicly traded companies later this month. Namely, the last day of trading of TechnipFMC shares that include the right to receive Technip Energies shares on the New York Stock Exchange and Euronext Paris stock exch
Aker BP boasts record-high output and pledges to stay ‘pure-play oil and gas company’
Aker BP has pledged to remain a pure-play oil and gas company and contribute to the energy transition through minimizing emissions and by sharing data.
PGS cautiously optimistic despite red numbers
PGS remains carefully positive even with red numbers in the fourth quarter of 2020 as revenues fell some 37 per cent. The Oslo-listed seismic player reported quarterly loss of $60 million, or 16 cents per share on revenues of $208 million. This result compares against profit of $10 million on around
Petrofac hires Icon Offshore rig in Malaysia
Malaysia’s oilfield services provider Icon Offshore has won a contract award for the provision of a jack-up rig to Petrofac in Malaysia.
Neptune picks up permit for North Sea appraisal well
The Norwegian Petroleum Directorate (NPD) has granted Neptune Energy a drilling permit for an appraisal well offshore Norway.
Solstad gets rid of platform supply trio
Norwegian offshore vessel owner Solstad Offshore has decided to sell three of its platform supply vessels (PSVs).
Shell’s earnings sink on lower prices and volumes
Shell recorded an 87 per cent decrease in its 4Q 2020 adjusted earnings due to lower oil and gas prices and production volumes.
EnQuest to buy Golden Eagle from Suncor
EnQuest has signed an agreement with Suncor Energy to buy its entire non-operated equity interest in the Golden Eagle area.
Tullow eyes Maersk drillship for Ghana campaign
Maersk Drilling has received a conditional letter of award from Tullow for the provision of the Maersk Venturer for drilling offshore Ghana.
Vantage drillship wins two-year gig with ONGC
Vantage Drilling has informed that its drillship Platinum Explorer has received a letter of award for a two-year contract from ONGC.
Valaris drillship breaks free from moorings off Scotland
A Valaris-owned drillship has reportedly broken free from moorings at a port in Scotland prompting the need for a rescue operation.
Offshore EPC awards set for rebound in 2021
Outlook for the offshore engineering, procurement and construction (EPC) market in 2021 looks promising, boosted by projects deferred from 2020, according to market research provider Westwood. With a forecast of $29 billion firm or already awarded contracts and a further $16 billion of probable and
Three players develop green solution to cut emissions in drilling operations
A collaborative, green solution developed by COSL Drilling Europe, Kongsberg, and NOV is poised to generate savings in offshore drilling operations.