Fossil Energy
Stena Drilling in push to decarbonise exploration drilling
Stena Drilling has entered into a strategic framework agreement for decarbonisation exploration with dCarbonX for the development of “geoenergy” resources.
Sparrows lands five-year contract renewal in North Sea
Sparrows Group has been awarded a five-year contract renewal with a UKCS operator to continue supporting its production across two assets.
Shell, C3 AI, Baker Hughes, and Microsoft roll out Open AI Energy Initiative
Shell, C3 AI, Baker Hughes, and Microsoft have launched the Open AI Energy Initiative (OAI), a first-of-its-kind open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries. Specifically, the OAI provides a framework for energy operators, service providers, e
TMC to supply compressors for Equinor’s Bacalhau FPSO
Norwegian TMC Compressors has been contracted to supply the marine compressed air system to the Bacalhau FPSO that is being built for Equinor.
Inpex takes more interest in two Gulf of Mexico fields
Japan’s Inpex Corporation has acquired an additional interest in Lucius and Hadrian North fields located in the U.S. Gulf of Mexico.
Lower prices push ConocoPhillips into the red
Oil major ConocoPhillips went from black to the red in the last quarter of 2020 compared to the prior-year period due to lower prices and volumes.
ExxonMobil swings to loss amid ‘the most challenging conditions’ ever
ExxonMobil booked a $20.1 billion loss in the last quarter of 2020 compared to a profit in the same period of 2019 due to massive impairments.
Watch: MDL wraps up SURF lay project offshore China
MDL horizontal lay system was used for the overside installation of power cables in the Liuhua field, South China Sea. The MDL HLS mobilised with TTS-4/310 series tensioner, complete with steel pads for safe and controlled handling of the umbilical. Prior to the APAC mission the vessel had travelled
Three60 Energy scores duty holder deal for Galoc field FPSO
Energy services group Three60 Energy has been awarded a contract for the provision of duty holder O&M services to the FPSO Intrepid offshore the Phillippines.
Maersk Supply Service gets new CFO
Danish offshore vessel provider Maersk Supply Service has named a new chief financial officer (CFO) of the company with effect from 15 March 2021.
Strohm wins TCP jumpers deal in Malaysia
Thermoplastic composite pipe (TCP) specialist Strohm has secured a contract to deliver two gas lift jumpers for an offshore project Deepwater Sabah, Malaysia. This is the second time the firm’s technology has become a permanent application in the region. Strohm saw a TCP flowline previously installe
ExxonMobil launches new low-carbon business
U.S. oil major ExxonMobil has created a new business named ExxonMobil Low Carbon Solutions to commercialise its extensive low-carbon technology portfolio.
Malaysian contractor expands into liftboat market, eyes offshore wind
Coastal Contracts and its partner JUB Pacific are entering the liftboat business with plans to pursue expansion in the oil and gas as well as venturing into the offshore wind market.
Polarcus fleet up for sale – all employees face layoffs
Seismic player Polarcus has received notification from the lenders that they no longer support the continuation of the company’s operations. Following the recent loan default, Polarcus’ lenders took control of its vessels and shipholding unit and also replaced the directors of its subsidiaries contr