Fossil Energy
BW Energy revealed as buyer of two Borr rigs as Gabon development plan gets revamped
BW Energy has concluded on an alternative development plan for the Hibiscus/Ruche field in the Dussafu license off Gabon, using a converted jack-up rig.
Equinor makes minor gas discovery near Maria field
Norwegian oil major Equinor has made a minor gas discovery near the Maria field in the Norwegian Sea.
Pacific Drilling files for Chapter 11 to eliminate $1.1 billion of debt
Pacific Drilling has filed for Chapter 11 bankruptcy to eliminate $1.1 billion of bond debt amid significant disruption in the offshore drilling market.
U.S. offshore rig count stuck at 13 units
The number of offshore rigs in the U.S. remained steady last week but dropped nine units year over year, according to a Friday report by Baker Hughes.
BP kicks off Ironbark drilling operations
Oil major BP has started drilling the Ironbark-1 well located offshore Western Australia.
Petrobras win for Solstad subsea vessels
Solstad Offshore said that Petrobras has extended the current contract of RSV Far Saga for a period of one year and picked up another vessel for operations in Brazil. According to Oslo-listed Solstad, the contract starts on Friday, 30 October 2020. The Far Saga has been operating in Brazilian waters
Hurricane shutdowns bite U.S. oil and gas output
As crews began returning to U.S. Gulf of Mexico offshore facilities on Thursday following Hurricane Zeta, companies are feeling this year’s repeated oil and gas production halts.
ExxonMobil to slash 14,000 jobs as effects of pandemic hit oil demand
U.S. oil major ExxonMobil could cut its global workforce by about 15 per cent, as the Covid-19 pandemic batters energy demand and prices.
MAN to supply compressors for Equinor’s Bacalhau FPSO
Japanese supplier and operator of offshore floating platforms MODEC has commissioned MAN Energy Solutions to supply a total of five radial compressor and two screw compressor trains for the first Brazilian offshore gas extraction project of the end customer Equinor.
Red ink for ConocoPhillips
U.S. oil major ConocoPhillips recorded a loss in the third quarter of 2020 compared to a profit in the same period last year.
Cenovus to cut up to a quarter of combined workforce with Husky after deal wrap-up
Canadian oil and gas player Cenovus Energy has decided to cut between 20 and 25 per cent of its workforce after the acquisition of Husky Energy.
Polarcus swings to loss on major revenue drop
Marine seismic player Polarcus has slipped into the red in Q3 2020 as revenue fell some 76 per cent compared to prior year due to the global slow-down on the back of the COVID-19 pandemic. The Oslo-listed company reported third quarter 2020 loss of $13.5 million, versus profit of $13.7 million in Q3
Equinor books bigger loss as impairments bite
Norwegian oil and gas company Equinor saw its quarterly loss increase after being hit by impairments due to reduced future price assumptions.
Petronas investigating fatal incident involving oil platform and offshore vessel
Petronas has started investigating an incident involving its oil platform and an offshore vessel, which resulted in two fatalities.