Fossil Energy
AGS gets additional work in North Sea
Axxis Geo Solutions (AGS) has signed a contract for an additional scope of work under the agreement with Equinor in the North Sea. Earlier this year the company secured the contract for the seismic node acquisition along with the Letter of Intent for an additional scope of work. The additional work
Sapura Energy bags nearly $180 million in new deals
Sapura Energy has been awarded several new contracts for its Engineering and Construction division, with a combined value of approximately $179.7 million.
Offshore regulator clears Santos’ plan for drilling location survey
National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has approved Santos’ plan for a geophysical survey in preparation for the proposed Yoorn-1 drilling offshore Australia.
KrisEnergy suspends Wassana oil field, cuts quarter of Thai workforce
Singapore’s independent oil and gas company KrisEnergy has decided to suspend operations on the Wassana oil field and reduce its workforce in Thailand.
Companies team up to build world’s first shallow draft ice-breaking W2W vessel
Royal Niestern Sander shipyard and a joint-venture between Mercury Sakhalin and Pola have signed an agreement for the construction of the world’s first shallow draft ice-breaking walk to work vessel.
COSL, Equinor ink new master framework agreement
COSL Drilling Europe (CDE) has signed a master framework agreement with Equinor on the Norwegian Continental Shelf, that fully enables it to provide additional drilling units and services to the oil major.
Aker BP looking to decrease carbon footprint with new tech deal
Norwegian oil and gas company Aker BP has signed an agreement with compatriot maritime tech company Yxney Maritime for a software solution which would assist with offshore carbon emission cuts.
Gunvor trading volumes pushed by LNG
Geneva-headquartered commodities trading house Gunvor reported a rise in trading volumes for the year 2019.
Allseas starts operations on first-ever gig in China
Offshore oil and gas installation, construction, and decommissioning specialist Allseas has started work on the Lingshui 17-2 gas field development offshore China.
NBO wins first onshore power supply project for offshore platforms in China
Ningbo Orient Cable (NBO) has secured a contract from China National Offshore Oil Corporation (CNOOC) for two offshore platforms QingHuangDao32-6 and CaoFeiDian11-1. The work-scope is to provide 70 kilometres of subsea cable to transfer power from onshore to the platforms. This is the first onshore
Tanker management company Sokana relaunched
Sokana, a tanker management company operating in the chemical and product segments, was relaunched on 2 June as a joint venture.
More improvement needed before West Bollsta rig gets compliance award
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found one improvement point regarding an application for the Acknowledgement of Compliance (AoC) for the West Bollsta drilling rig.
Malaysia’s MISC appoints ex-minister as chairman
Malaysian liquefied natural gas shipping firm MISC has appointed former minister Tan Sri Noh Omar as its new chairman. Noh takes over as chairman from Datuk Ab Halim Mohyiddin who remains as an independent and non-executive director of the shipping company. The appointment of 62-year-old Noh is effe
More oil and gas assets up for grabs due to Covid-19, Rystad says
Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, Rystad Energy estimates.