Fossil Energy
Gazprom starts delivering TurkStream gas to Bosnia, Serbia
Russian energy giant Gazprom has begun delivering natural gas to Serbia and Bosnia and Herzegovina through the TurkStream pipeline and a new route crossing Turkey and Bulgaria.
Eni awards another extension to BW FPSO in Nigeria
FPSO operator BW Offshore has been awarded a contract extension for its Abo FPSO from Eni for operations on a field located offshore Nigeria.
Total enters new block offshore Egypt
An international consortium led by Total and EGAS have signed an exploration and production agreement a block located offshore Egypt
Pacific Drilling emerges from bankruptcy
Offshore drilling contractor Pacific Drilling has completed its balance-sheet restructuring and has emerged from the Chapter 11 process.
Yme project moves into hook-up phase following rig installation
Repsol has moved into the hook-up phase of the Yme development project located offshore Norway following the installation of a jack-up rig on the field.
Repsol cleared to start development of Indonesian field
Indonesian authorities have approved the first plan of development (POD) for the Kali Berau field development located in the Sakakemang block managed by Repsol.
Exxon to write off up to $20B of assets despite 4Q gains
Oil major ExxonMobil has stated that it would have to write down assets up to $20 billion regardless of higher oil and gas prices and improved chemical margins.
SSE sheds North Sea fields to focus on renewables
Scotland-based energy company SSE plc has agreed to sell all of its interests in its portfolio of gas exploration and production assets to Viaro Energy
Edison sells Norwegian subsidiary to Sval Energi
Italian energy player Edison has sold its wholly-owned Norwegian subsidiary Edison Norge, the company that controls the group’s hydrocarbon exploration and production activities in Norway, to Sval Energi.
U.S. offshore rig count remains flat
The number of offshore rigs in the U.S. remained unchanged over this week, according to a weekly rig count by Baker Hughes.
Petrobras moves European commercial activities to Rotterdam
Brazilian oil major Petrobras has decided to transfer its commercial activities from London to the Port of Rotterdam in the Netherlands.
Energean to pay up to $405M for remaining stake in Israeli subsidiary
Oil and gas firm Energean has entered into an agreement to buy Kerogen’s 30 per cent shareholding in Energean Israel, resulting in Energean owning a 100 per cent stake in the company.
Vitol pays $45 million to Petrobras in corruption settlement
Brazilian state-run oil company Petrobras has received $44.65 million in a settlement with Swiss energy trading firm Vitol, which was implicated in a sprawling national corruption probe.
Awilco Drilling terminates rig building deal with Keppel. Wants refund
Offshore driller Awilco Drilling has terminated its offshore rig construction order with Singapore’s Keppel due to a “breach of contract“ and is seeking a refund.