Fossil Energy
Seadrill closer to Chapter 11 as agreement with creditors expires
Forbearance agreements entered into by offshore drilling contractor Seadrill Limited with certain creditors in respect of the group’s senior secured credit facility agreements have now expired.
U.S. offshore rig count remains flat for second straight week
The number of offshore rigs in the U.S. remained steady for the second straight week but down five units year over year, according to a Friday report by Baker Hughes.
Chevron books $665 million loss as revenues sink
Chevron managed to cut its losses in the fourth quarter of 2020 compared to the same period in 2019 despite a significant decrease in revenues.
BP’s Argos platform floated onto Boskalis vessel for transport
BP’s Argos platform, built for the Mad Dog 2 project in the Gulf of Mexico, has been loaded onto a Boskalis vessel for transport to the U.S.
Senator Cassidy introduces bill in attempt to block leasing halt
Republican senators from oil-producing states, led by Senator Bill Cassidy from Louisiana, introduced legislation that would block the Biden administration’s order pausing new oil and gas leasing on federal lands.
NWS partners ink Pluto feed gas deals with WA government
Woodside Burrup and the North West Shelf (NWS) project participants have finalized arrangements with the Western Australian Government enabling the supply of Pluto feed gas.
Petrobras hits hydrocarbons in pre-salt wildcat
Brazilian state-owned oil giant Petrobras has found hydrocarbons in a wildcat well located in the pre-salt Campos Basin offshore Brazil.
Total outshines all peers in a year of cost cuts, Rystad reveals
Total outshined all other peers and also was the only major to replace all of the year’s produced resources, according to Rystad Energy.
Occidental delivers world-first carbon-neutral crude shipment
A division of Occidental Petroleum, Oxy Low Carbon Ventures (OLCV), has delivered the world’s first shipment of carbon-neutral oil to India.
Equinor gets permit for fresh North Sea wildcat
The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for a well located in the North Sea offshore Norway.
Ezion to repay bank loans with $13 million from liftboat sale
Ezion Holdings has made plans to sell one of its liftboats for a total of $13 million, which will allow it to repay some of its bank loans.
Eidesvik secures vessel work with Aker BP
Norwegian oil company Aker BP has awarded a contract to compatriot shipping company Eidesvik Offshore for one of its platform supply vessels.
Cenovus to see higher output and spending in 2021
Canadian oil and gas company Cenovus Energy expects to have higher production and spending in 2021 following its acquisition of Husky Energy.
NOIA: Biden’s leasing moratorium has ‘no shortage of negative consequences’
Negative reactions to U.S. President Biden’s executive order to halt new oil and natural gas leasing on public lands and offshore waters are still coming in as the National Ocean Industries Association (NOIA) was next in line to give its view on the matter.