Fossil Energy
NWS partners execute third-party gas deals
The Woodside-led North West Shelf (NWS) project has executed fully-termed gas processing agreements (GPAs) for processing third-party gas.
Eni enters new alliance to work on key sectors of energy transition
Italian oil and gas company Eni, CDP, and Snam have signed a Letter of Intent to start a strategic collaboration for the energy transition.
MODEC develops new offshore repair method for FPSO hulls
MODEC in December 2020 obtained approval by ABS for the new offshore repair method for hull structures of FPSOs as an original standard repair method.
SBM Offshore inks FPSO extension with Shell in Brazil, eyes more in Guyana
SBM Offshore has been awarded a lease extension from Shell for an FPSO in Brazil and expects another lease duration extension from ExxonMobil in Guyana.
Pacific Drilling to emerge from bankruptcy by year-end
Pacific Drilling expects to emerge from Chapter 11 bankruptcy by year-end following the confirmation of its prearranged plan of reorganization.
Edison Chouest boasts long-term gig for PSV with battery system
Edison Chouest Offshore has executed the first long-term contract with an oil and gas company to install a battery-on-board system on a PSV.
PetroRio buys semi-submersible rig for one dollar
PetroRio has bought a semi-submersible drilling rig for a symbolic price of $1. The rig will be used for well interventions and completions.
Husky-Cenovus merger gets all key regulatory approvals
Cenovus Energy and Husky Energy have obtained all of the key regulatory approvals required in connection with the combination of the two companies.
Oceaneering kit for OneSubsea 20K SPS in Gulf of Mexico
Oceaneering has won a contract from OneSubsea, a Schlumberger company, for the supply of the first-ever 20,000 psi-rated subsea hydraulic junction plates and associated connection hardware. Oceaneering will oversee the design, engineering, and production of the hydraulic connection hardware along wi
Oil & Gas UK adds three board members as sector pushes to meet net-zero target
Oil & Gas UK has appointed three major business leaders to its board as the sector sharpens its focus on meeting net-zero targets.
Vaalco to move forward with Gabon acquisition
Vaalco Energy is moving forward with its acquisition of Sasol’s working interest in the Etame Marin block located offshore Gabon.
AqualisBraemar acquires LOC Group
AqualisBraemar has acquired 100 per cent of the shares in LOC Group with the purchase price consideration of USD 20.2 million (around EUR 16.5 million) cash consideration plus two million conditional warrants in AqualisBraemar. As reported in November, when the acquisition was announced, LOC Group’s
Equinor and partners to improve North Sea field recovery with $345 million investment
Equinor has decided to invest NOK 3 billion ($342.8 million) in the Statfjord Øst field to improve recovery by 23 million barrels of oil equivalent.
ConocoPhillips makes ‘significant’ oil discovery off Norway
ConocoPhillips has made a new oil discovery in production license 891 located 14 miles north-northeast of the Heidrun field in the Norwegian Sea.