Fossil Energy
DNV GL: COVID-19 alone not enough to hit Paris climate goals
The coronavirus pandemic will have a dramatic impact on energy supply and demand in the short term and will have lasting impacts once the pandemic dissipates but on its own will not be enough to advance the world’s progress towards the Paris climate ambitions, classification society DNV GL said.
Neptune employs Fugro for subsea inspection in North Sea
Neptune Energy has awarded a subsea inspection contract to geo-data specialist, Fugro, which will employ remote monitoring technology to survey subsea structures at the Cygnus gas field in the UK’s southern North Sea.
Aker BP taps Eidesvik for management of platform supplier duo
Norwegian oil and gas company Aker BP has awarded Eidesvik Offshore a ship management agreement for two offshore supply vessels in operation on the Norwegian Continental Shelf (NCS).
Eni cheers new gas discovery offshore Egypt
Eni has successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the prospect called Bashrush.
NHV helicopters land long-term job with Shell
Offshore helicopter operator NHV Group has won a new long-term contract to provide helicopter services for Shell, starting 1 July 2020.
Oceaneering strengthens presence in Angola with new contract win
Oceaneering International’s Asset Integrity group has received a three-year contract from Cabinda Gulf Oil Company (CABGOC), a Chevron subsidiary. Oceaneering will provide inspection services onshore Cabinda, Angola, and offshore Angola on Blocks 0 and 14. The contract is scheduled to begin in Q2 20
Equinor reveals plans for hydrogen plant with carbon capture in UK
Equinor is leading a project to develop one of the UK’s – and the world’s – first at-scale facilities to produce hydrogen from natural gas in combination with carbon capture and storage.
McDermott International exits bankruptcy through Lummus sale
U.S. engineering and construction services company McDermott International has completed its restructuring process by shedding nearly all of the company’s $4.6 billion of funded debt.
SBM Offshore closes financing for construction of FPSO Sepetiba
SBM Offshore has closed a $600 million bridge loan facility for the financing of the construction of FPSO Sepetiba.
AES continues portfolio decarbonization
U.S. energy company AES Corporation has agreed to sell 100% of its equity interest in the 295 MW Itabo power plant in San Cristobal, the Dominican Republic as it continues its portfolio decarbonization.
Dana Petroleum extends integrity services deal for UK FPSO tandem
Technology and data intelligence specialist Imrandd has secured a two-year contract extension with Dana Petroleum for the provision of integrity services for all of its UK operated assets.
Shearwater in new seismic projects in India and Brazil
Shearwater GeoServices has secured two new projects, a seismic survey and processing contract by Oil India, and a project by CGG in Brazil as part of the five-year capacity agreement. The project for Oil India is a combined 3D and 2D towed streamer seismic acquisition and processing contract in the
Vantage secures jack-up gig with Eni
Vantage Drilling has entered into a contract with Eni for its premium jack-up rig, the Topaz Driller, to perform drilling services offshore of Montenegro. Vantage said on Tuesday that the contract with Eni is for 180 days. Ihab Toma, the Company’s Chief Executive Officer, commented, “Securing this c
COVID-19: A pivot point for the energy transition
The COVID-19 pandemic has been an eventful time during which many steps were taken by governments, political organizations, the EU, and oil companies to plan a faster, more efficient, and more impactful energy transition. Here we look at a sequence of events working in favour of the transition to gr