Fossil Energy
ExxonMobil opts out of Bass Strait assets sale
U.S. oil and gas major ExxonMobil has called off the potential multibillion-dollar sale of its assets in Australia’s Bass Strait.
Eco Atlantic lands reissued licences offshore Namibia
Oil firm Eco Atlantic Oil & Gas has successfully negotiated the reissuance of its four licences in the Walvis Basin offshore Namibia conditional to customary final government signature.
Sea Lion farm-in extended to enable Premier-Chrysaor merger
Rockhopper Exploration and Premier Oil have agreed to extend the exclusivity period for Navitas Petroleum’s farm-in to the Sea Lion project located offshore the Falkland Islands.
Reach Subsea charters Olympic duo
Norwegian contractor Reach Subsea has entered into a charter agreement with Olympic Subsea for use of the two subsea vessels Olympic Artemis and Olympic Delta for the 2021 season. The charters also come with mutually agreed options for further extensions. Reach already has one WROV on Olympic Artemi
Borr Drilling faces challenging financial situation amid payment delays in Mexico
Borr Drilling is facing a very challenging financial situation amid a difficult market environment combined with payment delays from Pemex in Mexico.
Gazprom to resume Nord Stream 2 pipe-laying before year-end
Gas giant Gazprom has decided to resume pipe-laying work on a 2.6-kilometre part of the stalled Nord Stream 2 gas pipeline from Russia to Germany.
Immediate clean energy investment to create 100,000 North Sea jobs by 2050
The OGTC and the Offshore Renewable Energy Catapult have warned that the UK offshore energy sector would miss the opportunity to be a global leader in clean energy if it does not invest in technology innovation to create a net-zero North Sea.
Equinor gearing up for fresh Barents Sea well
Equinor has received consent from the offshore safety authority to drill an exploration well in the Barents Sea using the Transocean Enabler rig.
Frontera, CGX push back Guyana drilling by one year
Joint venture partners in the Corentyne block offshore Guyana – Frontera Energy and CGX Energy – have concluded collaborative discussions with the Government of Guyana concerning the rescheduling of the work commitments on the block.
Petronas posts nine-months loss
Malaysian energy giant Petronas posted a loss for the nine months of 2020.
Schlumberger workers in Norway to strike over pay and working conditions
Some 262 oil service workers at Schlumberger’s Norwegian entity plan to go on strike from 3 December if negotiations with employers over pay and working conditions fail.
BPC sees increase in costs of Perseverance #1 well over virus mitigation measures
London-listed oil company Bahamas Petroleum Company (BPC) has raised the cost estimates for the drilling operation of its Perseverance #1 off the Bahamas citing COVID-19 mitigation measures.
DNV GL suspends Nord Stream 2 work dreading U.S. sanctions
Classification society DNV GL has suspended work on Gazprom’s Nord Stream 2 gas pipeline project over fears of sanctions by the United States.
Cairn Energy picks new chairperson
A new chairperson of oil and gas company Cairn Energy would join the company with effect from 1 January 2021.