Fossil Energy
Wellesley uses on-the-rig simulator to reduce exploration risks
Oil and gas company Wellesley Petroleum has commissioned a mobile on-the-rig (OTR) drilling simulator to train Dolphin Drilling’s crews on the Borgland Dolphin ahead of its drilling programme in the Norwegian North Sea earlier this year.
Karoon to complete Brazilian oilfield takeover in October
Australian player Karoon Gas is expecting to close its acquisition of the Baúna field, located offshore Brazil, during October 2020.
W&T Offshore output suffers amid ‘the most active storm season in 10 years’
Production by W&T Offshore has suffered an adverse impact due to an extremely active tropical storm season in the Gulf of Mexico.
TechnipFMC wraps up Seagull pipelay ops
Exploration and production firm Neptune Energy has announced the completion of the Seagull project pipelay operations. The project saw the installation of 4.7 kilometres of production pipeline with wash water piggyback line, undertaken by TechnipFMC’s pipelay vessel, Apache II, also with support fro
Subsea survey specialist sets up Aberdeen hub
An up-and-coming name in the subsea survey sector has announced the opening of a new hub in Aberdeen. Established in March 2019, Sulmara Subsea, provides specialised survey support services, as well as other solutions across the offshore energy. With corporate headquarters in Glasgow, the company al
Equinor to cut exploration staff by 30 per cent
Norwegian energy giant Equinor has decided to reduce its exploration staff by 30 per cent as the Covid-19 pandemic reduces oil demand.
Premier Oil and Chrysaor to merge in largest independent oil & gas player on LSE
Premier Oil has reached an agreement with Harbour’s UK operating company Chrysaor regarding a proposed all-share merger between Premier and Chrysaor.
Hess sells stake in Gulf of Mexico field to fund Guyana project
Oil and gas company Hess Corporation has entered into an agreement to sell its 28 per cent working interest in the Shenzi field in the deepwater Gulf of Mexico to BHP to fund a project in Guyana.
EIA: U.S. hits new natural gas highs in 2019
The U.S. Energy Information Administration’s (EIA) Natural Gas Annual shows that the United States set new records in natural gas production, consumption, and gross exports in 2019.
Odfjell eyes major drilling & completion job with Equinor
Equinor has awarded a letter of intent to Odfjell Drilling for the drilling and completion of the Breidablikk project in the North Sea with Deepsea Aberdeen rig.
IOG gives up on Deltic Energy takeover plans
Independent Oil & Gas (IOG) has given up on its plan to acquire its compatriot oil and gas player Deltic Energy, formerly known as Cluff Natural Resources.
Chevron closes Noble Energy acquisition
Oil major Chevron has completed its previously announced acquisition of Noble Energy following approval by Noble Energy shareholders.
Lundin makes a deal to buy Barents Sea assets from Idemitsu
Lundin Energy has entered into an agreement with Idemitsu Petroleum to acquire its interests in a portfolio of licences in the Barents Sea offshore Norway.
Digital tools on Johan Sverdrup field boost Equinor revenues
Driven by digital technologies, Equinor has increased its earnings by more than NOK 2 billion since the start of production from its Johan Sverdrup field, located in the North Sea.