Fossil Energy
Eni stops Australian assets sale amid lack of satisfactory bids
Italian oil and gas company Eni has reportedly put on hold its sale of Australian gas assets due to a lack of satisfactory bids.
Prosafe finds new job for Safe Concordia unit
Offshore accommodation rigs provider Prosafe has won a contract for one of its units for operations offshore Trinidad and Tobago.
GMS gets breathing space from banks
Gulf Marine Services (GMS) has agreed on an extension for the conclusion of improved terms for debt structure with its banks.
SOFEC cuts first steel for Sangomar FPSO turret system
Mooring systems provider SOFEC has cut first steel for the turret mooring system being built for the FPSO set for the Sangomar field offshore Senegal.
Lundin picks up drilling permit for North Sea well
Swedish oil company Lundin Energy has been given a drilling permit to drill the 16/4-13 S well in the North Sea, offshore Norway.
Petronas firms up contract award for mobile offshore production unit
Tanjung Offshore Services has won a contract from Petronas Carigali for the Bayan Redevelopment Project Gas Phase 2 in Sarawak, Malaysia.
Cenovus completes merger with Husky Energy
Canadian oil firms Cenovus and Husky Energy have closed their previously announced merger, creating Canada’s third-largest oil and gas player.
Suncor to book $425 million impairment on White Rose assets
Suncor will record a non-cash after-tax impairment charge of approximately $425 million in 4Q 2020 on its share of the White Rose asset and West White Rose.
Boskalis snaps up Rever Offshore’s subsea services unit
Dutch marine contractor Boskalis has acquired all the shares of Rever Offshore’s subsea services business. Rever, formally known as Bibby Offshore, provides solutions in the area of subsea construction, inspection, repair and maintenance. The company has historically operated in the North Sea out of
Santos makes Bayu-Undan infill FID
The Australian energy company, Santos, operator of the Bayu-Undan joint venture, has made the final investment decision for the Bayu-Undan infill program.
McDermott completes raising $560M in new funds
U.S. offshore engineering and construction services provider McDermott has completed the raising of around $560 million in new capital.
i3 Energy abandons ‘sub-commercial’ Liberator licence
i3 Energy has relinquished its UK North Sea licence which contains the Liberator field, after determining that its development would not be commercially viable.
Equinor gets consent for use of well intervention vessel
Equinor has received consent from the country’s offshore safety agency for the use of the Island Wellserver vessel for well intervention.
Azerbaijan sends first gas export via TAP pipeline
Azerbaijan has started commercial natural gas supplies to Europe via the Trans-Adriatic Pipeline (TAP). First gas reached Greece, Bulgaria as well as Italy via the Melendugno interconnection point.