Fossil Energy
Energy transition is a tale of collaboration
Energy transition will never be a one-sided affair with one industry excluding the other. the push to greener sources of energy is a collaborative effort of all the industries, with oil and gas still playing a major role in unlocking new industries and accelerating their development.
Woodside taking Scarborough project forward with acceptance of production licences
Australian energy giant Woodside has confirmed its commitment to taking the delayed Scarborough gas project in Australia forward.
Beach Energy ready to have another go at delayed Australian well
Australia’s Beach Energy is preparing to drill the Artisan offshore exploration well, which has been delayed due to the Covid-19 pandemic.
Vår Energi chooses two ‘greener supply vessels’ in push to reduce emissions
Vår Energi has decided to hire two ‘greener supply vessels’ for service in the North Sea as part of strategy to reduce its environmental footprint.
Triangle expands in Perth basin, eyes wind & solar project centred around Cliff Head
Triangle Energy has entered into an agreement with Pilot Energy to acquire an interest in an offshore in the Perth Basin and agreed to enter into a wind & solar JV.
Karoon to transform into oil production company following Brazilian field takeover
Karoon Energy has completed the acquisition of a 100 per cent operating interest in the Baúna field, located in the Santos Basin offshore Brazil.
Saipem gearing up for ExxonMobil’s Payara job
Saipem has received the authorization to proceed with the final phase of the Payara development project in Guyana from the project operator ExxonMobil.
Noble Corp. preparing to emerge from bankruptcy
Noble Corporation is preparing to emerge from Chapter 11 bankruptcy with a temporary name change to allow continued use of its name upon emergence.
Aker Solutions – Kvaerner fusion gets green light
Norwegian firms Aker Solutions and Kvaerner have received the necessary approvals from governmental bodies for the completion of the earlier announced merger. In June this year, the two companies entered into a merger plan to create an optimised supplier company. The merger means that Aker Solutions
BHP boosts Shenzi stake as Hess deal closes
Hess Corporation has completed the sale of its interest in the Shenzi field, located in the deepwater Gulf of Mexico, to BHP.
Petrobras extends Prosafe gig in Brazil
Prosafe has signed a contract extension with Petrobras for the provision of the Safe Notos semi-submersible vessel for support offshore Brazil.
U.S. offshore rig count down to 12 units
The number of active offshore rigs in the U.S. dropped by one unit last week, according to data by Baker Hughes.
Heerema to wind down ‘no longer economically viable’ Angola business
Dutch offshore contractor Heerema Marine Contractors has decided to close its joint ventures in Angola due to poor market conditions.
The future of seismic data acquisition
Seismic surveys have for decades been a key part of offshore exploration, producing comprehensive imagery of sub-bottom rock formations that allow the location and evaluation of oil and gas deposits. They also find their use in assessments of the seabed for offshore construction, installations of re