Fossil Energy
Premier agrees discount in buying BP’s North Sea assets
Oil and gas company Premier Oil has agreed revised terms for the acquisitions of the Andrew Area and Shearwater assets from British oil major BP.
SembMarine’s Brazilian unit enters $500 million credit facility
A wholly-owned subsidiary of Singapore’s offshore rig builder Sembcorp Marine has entered into a revolving facility agreement for up to $500 million with Standard Chartered Bank.
Wood aims for 40 pct greenhouse gas emission reduction by 2030
Oilfield services company Wood has pledged to reduce its greenhouse gas emissions by 40 per cent by 2030.
Borr delays deliveries of five jack-up rigs as part of financial restructuring
Borr Drilling has postponed deliveries of five jack-up rigs until mid-2022.
Seacor Marine buys remaining stake in SEACOSCO JV
U.S. offshore support vessel provider Seacor Marine has, through a wholly-owned subsidiary, entered into a definitive sale and purchase agreement to acquire the remaining 50 per cent of the equity interests in SEACOSCO Offshore, that it did not already own from COSCO Shipping.
Eni in major overhaul as it shifts toward renewable energy
Italian energy giant Eni has announced a major overhaul of its business as it steps up efforts toward energy transition. The company will create two business units with one focused on oil and gas called “Natural Resources” and the second new unit which will focus mainly on renewable energy named “En
Gulf of Mexico operators evacuating workers ahead of storm
Gulf of Mexico operators are removing workers from its offshore assets and ramping down production due to an incoming tropical storm.
Eidesvik secures more vessel work with Aker BP
Eidesvik Offshore has been awarded a four-month extension to the current time charter party for the platform supply vessel MV Viking Lady with Aker BP.
Court in Brazil accepts corruption complaint against ex-Sembcorp Marine employee
A court in Brazil has accepted a money laundering and corruption complaint against a former Sembcorp Marine employee as part of the widespread Brazilian Car Wash probe.
Shell and Cluff ‘remain committed’ to two UK wells but one well delayed
Shell and Cluff Natural Resources remain committed to drilling the Pensacola and Selene prospects, located off the UK, despite the coronavirus pandemic.
Irregularities found during emergency preparedness audit of Valaris rig
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found several irregularities regarding the emergency preparedness on the Valaris-owned Valaris JU-292 rig, formerly known as the Rowan Norway.
Archer picked as sole provider of downhole services on Gyda P&A campaign
Archer has been awarded the fishing, milling & wellbore cleaning services for Repsol Norge on the Gyda platform located offshore Norway.
NZOG looking to acquire assets in Australia and New Zealand
New Zealand Oil & Gas (NZOG) is looking to increase its portfolio through the acquisition of producing assets, developing projects, and exploration prospects.
OCTIO wins Ormen Lange gravimetry survey
OCTIO Gravitude has secured gravimetry survey work on the Norwegian Ormen Lange gas field during summer 2020. The operation should last four weeks and produce water depth and gravitational field measurements at the seabed above the reservoir. Seabed gravimetry and subsidence measurements occur every