Fossil Energy
Beach Energy ditches New Zealand well plans
Beach Energy and its partners in the Wherry prospect, offshore New Zealand, have decided to abandon the project as it no longer meets the risk profile.
Jersey notes ‘significant’ increase in Buchan field resources
North Sea-focused Jersey Oil & Gas has announced a ‘significant’ increase in 2C contingent resource estimate for the Buchan oil field located off the coast of the UK.
Disappointment for Lundin in Barents Sea
Lundin Energy came up dry in the Bask prospect following results from an exploration well in the Barents Sea drilled with the West Bollsta rig.
Worker dies on Seadrill drillship in Gulf of Mexico
An incident on board a Seadrill-owned drillship working for Kosmos Energy in the U.S. Gulf of Mexico has resulted in the death of one offshore worker.
Eni gets new licence in UK North Sea
Eni has been awarded a new production licence in the UK North Sea, resulting from an application made in the 32nd UK Offshore Licensing Round.
Oil and gas industry doubles down on green investments, DNV GL claims
The oil and gas industry expects to boost investment in the energy systems of the future this year as companies seek to transform for the long term, DNV GL said.
Dana to withdraw from North Sea gas project
Following a review, oil and gas company Dana Petroleum is abandoning an offshore gas project located in the UK sector of the North Sea.
Santos gearing up for new well offshore Australia
Santos has filed an environmental plan for exploration drilling of the Dancer-1 well, located offshore Australia, to Australian authorities.
Polarcus stock crashes on loan default news
Marine seismic player Polarcus said on Tuesday it has defaulted on debt payments and that it will halt all interest and installment payments to finance providers. As a result, the company’s shares fell over 30 percent before the Oslo Stock Exchange stopped trading on Tuesday morning. During these di
Premier farms down Tuna block ahead of appraisal campaign
Oil and gas company Premier Oil has completed the farm down of its interest in the Tuna PSC, offshore Indonesia to Zarubezhneft.
ADES scores new jack-up rig deal offshore Egypt
ADES International, an oil & gas drilling and production services provider in the Middle East and North Africa, has won a contract for one of its jack-up drilling rigs from an undisclosed client.
ABS class Lingshui 17-2 platform launched in China
The world’s first 100,000-ton deepwater semi-submersible production and storage platform, built to ABS Class, has been launched in China.
Subsea 7 picks Tenaris for Bacalhau project off Brazil
Pipe producer Tenaris and Subsea 7 have signed an agreement for the supply of pipes and coating services for Bacalhau project offshore Brazil. Equinor is the operator of Bacalhau project, located 185 kilometres off the coast of São Paulo in Brazil. Discovered in 2012, the Bacalhau oilfield sits in t
Hess allocates 41 pct of budget to Guyana projects
Hess Corporation has allocated the majority of its E&P budget for 2021 to Guyana developments and the Bakken with Guyana getting 41 per cent.