Fossil Energy
DOF anchor handler trio scores Petrobras deals
Norwegian vessel provider DOF has won several contracts for its fleet in Brazil from the country’s oil major Petrobras.
UK oil and gas industry pledges to halve operational emissions by 2030
Industry trade association Oil & Gas UK (OGUK) has revealed plans for halving emissions from production and exploration by 2030, with the country’s basin becoming net-zero by the year 2050.
TGS wraps up MSGBC Basin campaign
Norwegian seismic player TGS has completed its flagship Jaan 3D seismic survey covering the MSGBC Basin in Northwest Africa. The survey took place in partnership with PGS and GeoPartners. Comprising over 28,000 square kilometres, the survey spans offshore Senegal, The Gambia, AGC and Guinea-Bissau.
Solstad Offshore secures 3-year deal for AHTS duo in Brazil
Norwegian vessel owner Solstad Offshore has won a contract for two of its anchor handling tug supply (AHTS) vessels from Brazilian oil company Petrobras.
Van Oord plans 500 lay-offs due to COVID-19
Van Oord plans to lay off approximately 500 employees globally due to COVID-19 impacts on the business. Van Oord stated that the coronavirus situation is having a major impact on the company as it is facing a decline in turnover and deterioration in results. The Rotterdam-headquartered company estim
Primeline Energy insolvent after losing CNOOC arbitration
Chinese energy company Primeline Energy has lost its case against CNOOC China Limited (CCL) and its parent company, China National Offshore Oil Corporation (CNOOC), regarding the sale of gas and development of the LS36-1 offshore field.
Mubadala adds extra development well to Manora campaign
Mubadala Petroleum has added another development well to its Manora drilling campaign in the Gulf of Thailand, expanding it to four new development wells.
Santos inks new domestic natural gas deal
Australian LNG player Santos, the operator of the GLNG project, has secured a new domestic natural gas deal with Gold Fields Limited.
Inpex completes Ichthys LNG loan refinancing deal
Japan’s Inpex said on Tuesday it has completed previously launched refinancing of part of the funding for its Ichthys liquefied natural gas export project in Australia. The refinancing deal includes a portion of the project finance loans arranged in 2012 with export credit agencies and commercial ba
NHV pens aviation services extension with Ithaca Energy
Offshore helicopter operator NHV Group has won an extension with Ithaca Energy to provide aviation services to the oil company’s several fields in the Scottish part of the North Sea.
NOPSEMA looking at BHP’s Crosby light well intervention plan
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has taken BHP’s plan for the Crosby-3H1 light well intervention under consideration.
APPO, take action – oil and gas year is not lost, AEC says
The African Energy Chamber (AEC), a chamber of networks, transactions, and partnerships at the forefront of Africa’s growing energy industries, has urged member countries of the African Petroleum Producers Organization (APPO) to take action and support the oil sector at its meeting this week.
Aker BP eyes offshore wind-oil & gas combo in Norway
Aker BP is planning to explore the opportunity of using offshore wind energy at new oil & gas development areas offshore Norway. Aker BP and Equinor recently entered into an agreement in principle on commercial terms for the coordinated development of the licenses Krafla, Fulla, and North of Alvheim
BP assets to take up to $17.5 billion hit as it lowers oil price forecast
Oil giant BP is expecting massive reductions to asset values during the second quarter of 2020 as a result of the combined hit of the oil price plunge and the COVID-19 pandemic.