Fossil Energy
Baker Hughes in energy transition push with 3C buy
Oilfield services player Baker Hughes is acquiring a pioneering technology development company Compact Carbon Capture (3C). The agreement includes all intellectual property, personnel and commercial agreements. With this move Baker Hughes aims to provide solutions for carbon-intensive industries, in
Oil & gas production in Gulf of Mexico coming back online after hurricane
Oil and gas operators in the U.S. Gulf of Mexico are returning to their offshore facilities following Hurricane Zeta, which at its highest point closed up to 85 per cent of oil and 58 per cent of gas production from the Gulf.
Petrofac closes sale of Mexican operations but plans legal action against Perenco
Petrofac has completed the disposal of its non-core assets in Mexico to Perenco, but the two companies have also entered into a dispute.
Transocean books third quarter profit
Transocean booked a profit in the third quarter of 2020 backed by a gain on restructuring and retirement of debt, offset by a loss on disposal of assets.
DOF Subsea lands 2-year extension deal for Skandi Africa
Norwegian offshore vessel owner DOF Subsea has secured a 2-year contract extension for the DP3 construction support vessel Skandi Africa. The Oslo-listed DOF said the new contract will commence in direct continuation with the current contract. Skandi Africa is a high-end subsea vessel designed for h
Noble rig scoops North Sea deal with IOG
Independent Oil and Gas (IOG) has awarded a rig contract for its Core Project Phase 1 located in the UK North Sea to a Noble Corporation-owned jack-up rig.
Premier Oil gets support from creditors for Chrysaor merger
UK oil and gas company Premier Oil has received creditor support for the proposed merger with Chrysaor announced in October.
Hibiscus Petroleum completes infill drilling campaign off Malaysia
Hibiscus Petroleum has completed the St Joseph minor sands infill and major sands redevelopment infill drilling campaign.
Well-Safe Solutions secures $33.6 million investment
Well abandonment services provider Well-Safe Solutions has secured a £26 million ($33.6 million) investment to fund the next phase of the company’s growth plan.
Rystad sees oil demand peaking in 2028 accelerated by Covid-19 and energy transition
The Covid-19 pandemic and energy transition are expected to expedite peak oil demand to 2028 and cut demand levels to 102 million bpd, according to Rystad Energy.
CNOOC starts up eighth project off China in 2020
Oil and gas company CNOOC Limited has started production from the Liuhua 29-1 gas field in the South China Sea.
Dolphin Drilling gets new rig job in Norway
Offshore drilling contractor Dolphin Drilling has secured a new combined contract with Norwegian oil and gas operator DNO Norge.
Equinor advancing energy transition plans as new boss takes over
Norwegian oil and gas major Equinor has revealed its ambition to become a net-zero company by 2050 as its new boss is taking over his position.
Lamprell scores engineering deal with IMI
UAE-based offshore oil rig builder Lamprell has been awarded a medium-sized contract by International Maritime Industries (IMI) for engineering design services.