Fossil Energy
SpotOn Energy takes next step in Barryroe farm-in
After securing exclusivity for the farm-out of Providence’s Barryroe field through $3 million investment, SpotOn Energy took a new step in the farm-out process.
U.S. weekly offshore rig count flat for two weeks straight
The U.S. weekly offshore rig count remained unchanged at 12 units for the second week in a row, according to a Friday report by Baker Hughes.
Maersk Drilling secures more rig work with Aker BP
Maersk Drilling has secured an additional one-well contract from Aker BP for the low-emission jack-up rig Maersk Integrator.
Total inks $14.9 billion debt financing for Mozambique LNG
French energy giant Total said Friday it has signed a $14.9 billion senior debt financing deal for its Mozambique LNG project, the biggest project financing ever in Africa. The project includes the development of the Golfinho and Atum natural gas fields located in Offshore Area 1 concession. Gas wil
BOEM proposes 78.8 million-acre Gulf of Mexico lease sale
The U.S. Bureau of Ocean Energy Management (BOEM) will offer over 78 million acres for a region-wide lease sale scheduled for November 2020.
Norwegian oil output in June drops below NPD’s prediction
Norwegian oil production has dropped below predictions made by the Norwegian Petroleum Directorate (NPD) after being above the limit for two months in a row.
Former Pemex CEO returns to Mexico to face corruption charges
A former chief executive officer (CEO) of Mexican state oil company Petroleos Mexicanos (Pemex) arrived back to Mexico on Friday to face corruption charges.
Climate change targets on OGCI, Shell, and Biden’s menu
The Oil and Gas Climate Initiative (OGCI) has revealed a target to reduce the collective average carbon intensity of member companies’ aggregated upstream oil and gas operations to between 20 and 21 kilograms of CO2 emissions per barrel of oil equivalent by 2025, from a collective baseline of 23 kg
Aker Solutions to spin off offshore wind and carbon capture tech divisions
As it plans to merge with its compatriot Kværner, Aker Solutions also intends to spin off its wind development business as well as the carbon capture technology business. The move should see two separate companies listed on the Oslo Stock Exchange. “Aker Solutions has developed technology and taken
Aker Solutions merging with Kværner, names new CEO
Norwegian firms Aker Solutions and Kværner have entered into a merger plan to create an optimized supplier company. The consolidation will take the form of a statutory merger whereby Aker Solutions will absorb Kværner, in accordance with the Norwegian Public Limited Liability Companies Act. Kjetel D
BP plans to drill Ironbark well in October
BP’s environment plan for the Ironbark-1 exploration well has been approved by the Australian offshore regulator, NOPSEMA, and BP is preparing to drill the well in October 2020.
OPEC boosting oil production next month, wary of second COVID-19 wave
The Organization of the Petroleum Exporting Countries and its allies, also known as OPEC+, have agreed to curb oil supply from August as the global economy recovers from the COVID-19 pandemic.
Vår Energi picks up where it left off with offshore drilling activities
Vår Energi is resuming its drilling activities in the Barents Sea and the North Sea, which were postponed this spring due to the corona pandemic and oil price collapse.
BESIX wins Mozambique LNG marine facilities work
Brussels-based contractor BESIX has been selected to build the marine facilities of the Mozambique LNG project in partnership with Mota-Engil.