Fossil Energy
Valaris gains access to additional liquidity
Offshore drilling contractor Valaris has executed a new term loan credit agreement, gaining access to additional liquidity as it is working through its Chapter 11 bankruptcy process.
UK regulator ‘exploring tougher measures’ on flaring and venting of greenhouse gases in oil & gas production
The UK’s OGA has decided to scrutinise requests for flaring and venting of greenhouse gases offshore the UK, aiming to help reach the country’s net-zero goals.
Schlumberger and Milaha ink cooperation deal in Qatar
Milaha, a maritime and logistics organizations in the Middle East, has entered into a formal agreement to cooperate with a giant American oilfield services firm, Schlumberger.
CNOOC kicks off production from another project offshore China
Oil and gas company CNOOC Limited has started production from the Jinzhou 25-1 Oilfield 6/11 Area located offshore China.
Wintershall Noordzee drills third Sillimanite well
Wintershall Noordzee has drilled the Sillimanite South field discovery well and directly converted it into a development sidetrack.
Total moves Tyra project into the next phase following jacket installation
French oil major Total has installed two new jackets for the Tyra field redevelopment project located in the Danish North Sea.
Equinor ready to submit plan for one of largest undeveloped oil discoveries in Norway
Norwegian oil and gas giant Equinor and partners Petoro, Vår Energi, and ConocoPhillips have decided to develop the Breidablikk field in the North Sea.
U.S. offshore rig count stable at 14 units
The number of active rigs in the U.S. remained unchanged over the course of last week, according to a weekly rig count report by Baker Hughes.
CGG kicks off phase two of largest OBN survey in UK Central North Sea
Paris-based geophysical services player CGG has completed the first phase of the largest OBN multi-client survey in the UK Central North Sea. In addition, CGG announced immediate commencement of the second acquisition phase. The company took on a this project in November last year. Back then, CGG sa
Petrobras awards long-term charters to POSH flotel duo
POSH has secured long-term charters for two of its offshore semi-submersible accommodation units – POSH Arcadia and POSH Xanadu – with Petrobras.
OKEA enters Neptune’s license near Draugen field
Oil and gas company OKEA has signed a sales and purchase agreement (SPA) with Neptune Energy for the acquisition of a 30 per cent working interest in offshore license PL938.
French trio aims to slash pipeline inspection costs
French tubular solutions specialist Vallourec is working with its compatriots Forssea Robotics and iXblue to develop a pipeline inspection solution combining subsea drones and the use of visual markers, removing the need for surface vessels. Traditionally, the inspection of subsea pipelines and stru
Solstad Offshore gets charter extensions from Equinor and Aker BP
Norwegian vessel owner Solstad Offshore has won contract extensions for two of its vessels with oil companies Equinor and Aker BP.
Bumi Armada JV clinches 10-year FPSO gig in India
Malaysian FPSO operator Bumi Armada has been awarded a contract for the provision of FPSO Armada Sterling to India’s ONGC.