Fossil Energy
Neptune makes first step in offshore execution of North Sea project
Neptune Energy and its joint venture partners BP and JAPEX have started the subsea construction phase of the Seagull tie-back project, which is located in the North Sea.
BOEM, BSEE looking to boost Gulf of Mexico oil and gas output
The Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE) are advancing research regarding policies which could help increase oil and gas production from deepwater infrastructure already in place in the Gulf of Mexico.
Energy transition could force majors to sell or swap $100B in oil and gas assets
To adjust and transform to cleaner sources of energy, the world’s largest oil and gas firms could sell or swap oil and gas assets of more than $100 billion, Rystad said.
Vantage Drilling secures more jack-up rig work
Offshore drilling contractor Vantage Drilling has secured more work for two of its rigs operating in Indonesia and Qatar.
BP rides the wave of digitalization with reduction in operating costs and revenue boost on the horizon
BP has been doing its part to unlock the value of technology and tap into its benefits. This has become especially noticeable during 2020 with plans to become a net-zero company by 2050.
SeaBird wins Gulf of Mexico OBN source contract
Oslo-listed seismic player SeaBird Exploration has received a letter of award for an OBN source contract in the Gulf of Mexico. The contract will start in Q4 2020 with an expected duration of about three months. In addition, Seabird secured an OBN source contract in the North Sea end-June this year.
Stena Drilling lands drillship deal with Repsol in Mexico
Offshore drilling contractor Stena Drilling has won a drilling contract with Spanish oil company Repsol for operations offshore Mexico.
Sentinel Marine: Last of nine newbuild vessels arrives in Aberdeen
The Malin Sentinel, the final newbuild vessel of nine in a £150m investment programme by Sentinel Marine, has arrived in Aberdeen.
Regulator issues order following ‘West Mira’ disconnection incident
Norwegian offshore safety regulator, the Petroleum Safety Authority (PSA), has completed its investigation of the incident on West Mira rig where the lower marine riser package (LMRP) was unintentionally disconnected.
Aker BP taps Odfjell Drilling for more rig work
Aker BP has awarded further work to the Odfjell Drilling-owned Deepsea Stavanger rig, scheduled to be done upon the rig’s return from a gig in South Africa with Total.
BP to begin Ironbark drilling in late October
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has provided final approvals to BP for drilling of the Ironbark-1 well.
Shell in major cost-cutting drive as it gears up for energy transition
Oil major Shell has launched a major cost-cutting drive to save cash and overhaul its business in preparation for the energy transition.
Norway to launch $2.7 billion Longship carbon capture and storage project
The Norwegian government has submitted a proposal to Norwegian Parliament to launch “the greatest climate project in Norwegian industry ever” –carbon capture and storage (CCS) project named Longship.
Shearwater wins Suriname seismic with Petronas
Shearwater GeoServices has won a large towed streamer 3D seismic survey for Block 52, offshore Suriname for Petronas. The four-month project should commence in Q4, 2020. “This new survey in Suriname comes at an exciting time for this area,” said Irene Waage Basili, the chief executive officer of She