Fossil Energy
U.S. offshore rig count inches up to 13 units
The number of active offshore rigs in the U.S. inched up by one unit last week after a small decline the week before, according to data by Baker Hughes.
VIDEO: Step right up for a virtual tour of FPSO now producing off Nigeria
Yinson has released a video showing the inside workings of its Abigail-Joseph FPSO, which is now in production on a field located offshore Nigeria.
Ghana orders Eni and Springfield to combine offshore oil fields
Ghana has imposed its terms and conditions for the Italian oil major Eni and domestic explorer Springfield E&P for the unitisation of their adjacent fields.
DOF Subsea makes management changes
DOF Subsea has appointed Martin Lundberg as acting chief financial officer (CFO) with responsibility for the corporate finance functions in the DOF Subsea Group.
Shelf Drilling selling five stacked rigs
Shelf Drilling is selling five of its stacked drilling rigs. The rig owner has also won a couple of new gigs while some contracts have been suspended.
BP making progress at Ironbark well off Australia
Oil major BP is making progress with the drilling of the Ironbark well located offshore Australia.
Aker BP kicks off production from Norwegian Sea project
Oil and gas company Aker BP has started production from the Ærfugl phase 1 project development located in the Norwegian Sea.
Equinor mulls concept for Barents Sea oil field, hands out study contracts
Equinor has awarded contracts for concept studies to progress the Wisting project development, in the Barents Sea, towards a final concept select decision.
Chrysaor awards long-term gig to DOF platform supplier
Norwegian offshore vessel provider DOF has been awarded a contract for one of its vessels by the North Sea operator Chrysaor.
SBM Offshore picks LOC for marine warranty services on two FPSOs
LOC Group has been awarded new contracts with SBM Offshore to act as Marine Warranty Surveyor on two of its FPSO projects.
Subsea 7 drops to loss against a backdrop of sluggish activity
Subsea 7 slipped into the red in the third quarter 2020 on decline in activity in the sector and costs generated by the Covid-19 pandemic. The engineering and construction specialist recognised quarterly net loss of $43 million, against profit of $42 million in Q3 2019. This brings losses since the
Total and ADNOC team up to research carbon emissions reduction solutions
Total has signed a strategic framework agreement with ADNOC to explore joint research in the areas of CO2 emission reductions and CCUS.
Jadestone ends Vietnam dispute with Inpex unit
Jadestone Energy has settled a dispute with Teikoku Oil, a subsidiary of Japan’s Inpex Corporation, in respect of Block 05-1 PSC, located offshore Vietnam.
DOF Subsea cuts third quarter loss
DOF Subsea has reported NOK 133 million loss in the third quarter of 2020, against NOK 1.1 billion in Q3 2019. The company generated operating revenue of NOK 1.2 billion, against NOK 1.15 billion same time last year. Revenue also includes cancellation fee of NOK 110 million for two long-term contrac