Fossil Energy
Oceaneering nets over $225M in contracts
Oceaneering’s Subsea Robotics segment has won multiple contracts during the fourth quarter of 2020, with anticipated aggregate revenue in excess of $225 million. These contracts are with international oil and gas operators and marine construction companies, and range in duration from several months
Two dead after incident on BW Offshore FPSO
FPSO operator BW Offshore has informed that two workers have died following an incident onboard its FPSO Espoir Ivoirien located offshore Ivory Coast.
Maersk rig gets early termination from Dana
Offshore drilling contractor Maersk Drilling has received notice of early termination for convenience of a one-well contract with Dana Petroleum in Denmark.
Shell joins Equinor and YPF in Argentina block
Equinor and YPF have entered into an agreement with Shell to jointly farm-down a 30 per cent non-operated interests in the CAN 100 block offshore Argentina.
Norway: 2020 was still strong for oil and gas despite pandemic
Despite the ongoing coronavirus pandemic, activity on the Norwegian continental shelf last year remained at a high level with high production and significant investments in developments and projects on the fields.
Dayang bags Shell and Mubadala jobs in Malaysia
Malaysian offshore services provider Dayang Enterprise has been awarded contracts from Shell and Mubadala Petroleum in Malaysia.
Lamprell reorganises into three units to focus on energy transition
Lamprell has decided to reorganise into three new business units, Renewables, Digital, and Oil & Gas as part of its efforts to focus on energy transition.
Pandemic, electrification bring hydrocarbon demand peak forward to 2027
New research has shown that aggregate fossil fuel demand would peak in 2027 with oil peaking in 2029 and gas in 2037, partially due to the impacts of COVID-19.
Energean sanctions gas project offshore Israel
Energean has taken a Final Investment Decision on the Karish North gas development, offshore Israel, 21-months after the announcement of the discovery.
Nord Stream 2 pipelaying set to restart. U.S. warns of new sanctions
As Gazprom prepares to continue Nord Stream 2 pipelaying work in Danish waters, the U.S. State Department has again warned European companies of sanctions if they are suspected of helping to build Russia’s new gas pipeline.
BW Energy boosts interest in gas field off Namibia
BW Energy and the National Petroleum Corporation of Namibia (NAMCOR) have signed a farm-in and carry agreement for a block offshore Namibia.
Total makes fresh discovery offshore Suriname
Total and Apache Corporation have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname.
OGA to have ‘blended approach’ for license change requests
The UK Oil and Gas Authority (OGA) has decided to take “a blended approach” to licence management which should dampen the effects of the global Covid-19 pandemic.
Third of oil and gas workers saw wages drop in 2020
According to a worldwide survey, almost one-third of workers in the oil and gas industry faced pay cuts in 2020 due to the coronavirus crisis and drop in fuel demand and prices.