Fossil Energy
Oceaneering bags over $250M in contracts
Houston-based Oceaneering said it has won multiple contracts for its Integrity Management and Digital Solutions (IMDS) segment, since the beginning of Q4 2020. The contracts range in duration from three to five years, with a cumulative value exceeding $250 million. These awards, from major operators
Ithaca adds another Repsol Sinopec man to executive team
Oil and gas company Ithaca Energy, a subsidiary of Israel’s Delek Group, has appointed David Crawford as Chief Financial Officer of the company.
McDermott bags NFS FEED job from Qatargas
The LNG and energy engineer, McDermott International has been contracted to deliver front-end engineering and design (FEED) work for Qatar Petroleum’s North Field South (NFS) project.
AET accepts delivery of 1st Shell-chartered DP2 shuttle tanker
AET, a petroleum logistics unit of Malaysian energy logistics group MISC Berhad, has taken delivery of Eagle Pilar, a new Suezmax second-generation dynamic positioning (DP2) shuttle tanker built at Samsung Heavy Industries (SHI) shipyard in South Korea.
Judge refuses to stop drilling auction in Arctic refuge
A federal judge in Alaska ruled that the Trump administration’s planned auction of oil drilling leases in the Arctic National Wildlife Refuge (ANWR) could proceed as planned.
ConocoPhillips gets nod for remote operation of North Sea platform
ConocoPhillips has received consent from the Norwegian offshore safety watchdog for remote operation of a North Sea platform.
Russia: Annual oil production at lowest level since 2011
Russia’s oil production declined last year for the first time since 2008 and reached its lowest level since 2011 following a global deal to cut output and low demand due to the coronavirus.
Pandion buys stake in two Norwegian offshore licences
Oil and gas company Pandion Energy has entered into an agreement with Wintershall Dea to acquire interests in two licences located offshore Norway.
UK: Resolution seismic survey set for 2022
A 3D seismic survey over the Resolution gas discovery in offshore licences P1929 and P2304 off the UK will most likely take place in 2022, Egdon Resources said on Wednesday. Namely, Shell, the operator of the above mentioned licences, has advised Egdon that the marine 3D seismic survey, planned over
WoodMac: Oil and gas industry can deliver net-zero promises, with tweaks
Although the UK’s offshore oil and gas industry has committed to cutting operational emissions in half by 2030 and achieving net-zero production by 2050, operators will have to make leaps forward in technology, policy, and investment to reach these goals, according to Wood Mackenzie.
Court allows BPC to keep drilling the Bahamas well
A court has ruled that Bahamas Petroleum Company is allowed to continue drilling operations on its Perseverance #1 well located off the Bahamas.
Prosafe still working to hammer out financial solution with lenders
Prosafe is still working to resolve its financial situation with lenders but is still unclear what a final solution may look like.
Vår Energi picks Equinor man for CEO role
Vår Energi has appointed Torger Rød as the company’s new CEO following the departure of Kristin Kragseth to lead the Norwegian state-owned Petoro.
ExxonMobil spuds Bulletwood-1 well off Guyana
Oil major ExxonMobil has started drilling at the Bulletwood-1 well site on the Canje Block located offshore Guyana.