Fossil Energy
Five energy majors to develop CO2 transport and storage project in UK North Sea
Energy majors have formed the Northern Endurance partnership to develop offshore carbon dioxide transport and storage infrastructure in the UK North Sea.
Seismic trio grabs Sarawak Basin work
The seismic consortium comprising PGS, TGS and WesternGeco has won a multi-year contract from Petronas to acquire and process up to 105,000 square kilometres of multi-sensor multi-client 3D data in the Sarawak Basin, offshore Malaysia. This contract award follows an ongoing campaign by the consortiu
Triangle Energy kicks off Cliff Head workover campaign
Australia’s Triangle Energy has started a workover campaign on two wells on the Cliff Head oil field located offshore Australia.
After weeks of no change, U.S. offshore rig count down a notch
The number of offshore rigs in the U.S. decreased by one unit last week and by eight units year over year, according to a Friday report by Baker Hughes.
Turkey could work with foreign firms to develop Sakarya gas field
Turkey stated that there is a possibility that it would cooperate with foreign companies to develop its massive discovery in the Black Sea.
Hermitage drops pursuit of NYSE listing appeal
Hermitage Offshore Services has decided to withdraw its appeal of the New York Stock Exchange’s (NYSE) determination to delist the company’s common shares.
Equinor gains drilling permit for Barents Sea well
The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for a well located in the Barents Sea off Norway.
Karoon gets nod from Brazilian regulator to take over Baúna field
Karoon Gas has received approval from a Brazilian regulator to take over the Baúna field offshore Brazil with completion expected at the end of the month.
EnQuest to add ex-Petronas Carigali CFO to its board
UK oil and gas company EnQuest has decided to appoint Farina Khan as a non-executive director of its board with effect from 1 November 2020.
Biden to steer U.S. off oil to tackle climate change. Trump warns of economic impact
United States President Donald Trump and former vice president Joe Biden locked up horns in the final presidential debate over completely different visions on the future of the country’s fossil fuels industry.
BW Offshore to liquidate owner of New Zealand FPSO to prevent further losses
BW Offshore has decided to place its subsidiary which owns the FPSO Umoroa in New Zealand in liquidation to avoid further accumulation of losses following the permit operator’s insolvency.
Equinor CFO resigns from his role
Equinor executive vice president and chief financial officer (CFO) Lars Christian Bacher is resigning from his position with effect from 1 November 2020.
Emerson’s technology to digitally transform and support BP’s Caspian Sea project
Emerson has been awarded a $14 million contract to provide automation technologies for the new Azeri Central East offshore platform in the Caspian Sea.
Santos posts record production volumes, YoY revenue plunges
Australian gas producer and GLNG operator, Santos reported record production in the third quarter of 2020, edging up the sales revenue by 2 per cent.