Fossil Energy
Maersk Drilling wins new job in Dutch North Sea but loses another one in UK
Maersk Drilling has secured a contract from Petrogas in the Dutch North Sea for the harsh environment jack-up rig Maersk Resilient but it has also received a cancellation for a UK North Sea job.
Prosafe cuts losses despite lower revenues hit by Covid-19 and oil price crash
Prosafe has managed to reduce its quarterly loss despite lower revenues due to lower fleet utilisation and average day rates.
Wintershall Dea targets 30 pct reduction in CO2 emissions with new supply vessel
Wintershall Dea will reduce annual emissions on supply vessel services to the Brage platform by up to 30% when the Viking Princess vessel goes on contract.
Petronas commits to net-zero carbon emissions by 2050
Malaysian energy giant Petronas has set out a target to achieve net zero carbon emissions by 2020.
Petrobras sets up exec team to lead transition to low-carbon
Petrobras has decided to create a climate change executive management, reinforcing the growing importance of the activities related to the low-carbon transition.
Shell joins South African block close to Total’s gas discoveries
Impact Oil & Gas has entered into an agreement with Shell for the farm-out of a 50% working interest and operatorship in a block offshore South Africa.
BP to sell London headquarters for $324 million
Oil major BP is reportedly close to selling its global headquarters in central London for around $324,4 million under an accelerated schedule for the overhaul of the company.
Tamarind buys Galoc FPSO from Rubicon
Tamarind Resources has bought the FPSO Rubicon Intrepid, which is operating on the Tamarind-operated Galoc field located offshore Philippines, from Rubicon.
Gazprom boasts ‘record-high’ gas inflow on Kara Sea shelf
Russian oil major Gazprom has reported ‘record high’ results following a test of the upper levels of an exploration well at the Leningradskoye field.
Searcher in 2D and 3D seismic project off South Africa
Australia-based Searcher Seismic has announced a new multi-client 2D and 3D seismic rectification project offshore South Africa. The project is in collaboration with the Petroleum Agency of South Africa. The South Africa seismic data covers the Outeniqua Basin and its sub-Basins; the Bredasdorp, Inf
Rystad: Biden win could benefit short-term oil demand, but Trump win could be the most bullish outcome
Energy intelligence firm Rystad Energy believes that if Trump should win it may make oil prices great again while Biden effect is more mixed.
IOG still on schedule for Core Project first gas in 3Q 2021
UK-based Independent Oil and Gas (IOG) is still on target to achieve first gas from Phase 1 of its Core Project in the UK Southern North Sea (SNS) in the third quarter of 2021.
Pacific Drilling to delist from NYSE following Chapter 11 filing
Trading of Pacific Drilling’s shares on the NYSE has been suspended and the contractor is facing delisting following its Chapter 11 filing last week.
Nigerian operator produces first oil from shallow-water project
Nigerian operator First E&P has started oil production from a shallow-water project located offshore Nigeria through the Abigail-Joseph FPSO.