Fossil Energy
Magseis Fairfield and CGG secure additional pre-funding for Cornerstone survey
Magseis Fairfield has together with its partner, CGG, secured pre-funding from an oil major for the extension of the ocean bottom node (OBN) Cornerstone multi-client survey in the North Sea. This both confirms the industry interest in the area and reduces Magseis Fairfield’s relative exposure in the
Maersk Drilling invests in new tech concept to help develop carbon-neutral drilling
Maersk Drilling has entered an agreement to invest $1 million in Clean Energy Systems to help develop a new technology called Carbon-Negative Energy.
Global Petroleum to focus on principal prospects after getting licence extension in Namibia
The Ministry of Mines and Energy in Namibia has agreed to extend Global Petroleum’s licence sub-period in connection with a licence offshore Namibia.
Oil & gas sanctioning in the gutter, industry waiting for business to pick up
Global oil and gas project sanctioning in 2020 has made a colossal drop in comparison to 2019 levels with Norway, and somewhat Russia, attempting to increase the total sanctioning value.
Aker Solutions gets five-year contract renewal on Hebron
Aker Solutions has secured a five-year contract extension from ExxonMobil for the provision of EPC services for the Hebron platform, offshore Newfoundland.
Schlumberger cuts 21,000 jobs after ‘the most challenging quarter in past decades’
Giant oilfield services provider Schlumberger is cutting around 21,000 jobs as a response to one of the most challenging quarters in over a decade.
Rystad sees supply glut ahead after second wave of Covid-19 and more OPEC oil hit the market
The upcoming partial return of curtailed OPEC+ oil production from August is set to create a new four-month supply glut of around 170 million barrels, a Rystad Energy analysis reveals.
Eni boasts successful production test at Mediterranean Sea well
Eni has successfully tested the well drilled on the prospect called Bashrush, in the North El Hammad concession in the Mediterranean Sea, in the conventional Egyptian waters of the Nile Delta.
GMS wraps up intervention job on live well using cantilever workover
GMS has completed its first well intervention workscope using the company’s cantilever workover system, installed on the self-propelled vessel GMS Evolution.
Chevron to restart 2nd Gorgon LNG train in September
Chevron is looking to place back online the second train at its Gorgon LNG plant in Australia in September after it found “weld quality issues” within the propane heat exchangers. The US energy firm shut down the second unit at its 15.6 mtpa LNG facility on Barrow Island in Western Australia on May
OMV delineates Hades discovery in Norwegian Sea
OMV is the process of concluding the drilling of an appraisal well on the Hades gas/condensate discovery in the Norwegian Sea.
ION in its first Mauritania 3D multi-client
ION has announced the first 3D multi-client program in Mauritania with the Ministry of Petroleum, Mines and Energy (MPME). ION will seamlessly integrate and reimage some 24,000 square kilometres of MPME-held 3D data. It can also further expand the scope to include approximately 15,000 kilometres of
Chinese offshore oil and gas company joins ADNOC’s concessions
ADNOC has entered into an agreement for the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from CNPC to CNOOC Limited.
Hurricane stabilises Lancaster field output
Hurricane Energy has stabilised production from its Lancaster field following the commissioning of the electric submersible pumps on two producing wells.