Fossil Energy
Noble Corp. CEO transitions to executive chairman role
CEO of Noble Corporation has transitioned to the role of executive chairman of the board while a new CEO has been named.
First steel cut for ARO Drilling’s new jack-up rig
International Maritime Industries (IMI) has cut the first steel on the first of two newbuild rig orders from ARO Drilling.
Royalty exemptions could save the day for U.S. oil and gas operators, Rystad says
The Covid-19 pandemic and the price crisis it has brought upon the oil and gas sector have hit the profitability of exploration and production (E&P) companies hard.
Energean set to lay Karish offshore pipeline
Energean has completed near-shore operations for the Karish gas pipeline and is now ready for offshore installation.
Halliburton cuts dividend due to market conditions
Halliburton has decided to cut its dividend amid uncertainties related to the duration of the market downturn.
Hyundai Heavy secures deal to build two scrubber-fitted VLCCs
South Korean shipbuilding giant Hyundai Heavy Industries (HHI) Group has received an order for the construction of two 300,000-ton very large crude carriers (VLCCs).
Polarcus wraps up Petrel seismic survey for Neptune Energy
Polarcus has completed acquisition of the 3D broadband seismic survey for Neptune Energy on the Petrel field, located in the Bonaparte basin of Australia. The 2,900 km2 survey expanded the area of seismic data Neptune holds and increased the quality and breadth of data. Initial findings from the sur
Borr Drilling working to secure liquidity runway until 2022
Borr Drilling is working to secure a liquidity runway until 2022 even in an unlikely low scenario without any further contracts.
Report: Total secures $14.4 billion Mozambique LNG financing
French energy company and LNG player Total has reportedly secured $14.4 billion funding for its liquefied natural gas export project in Mozambique. The financing deal includes a group of around 20 lenders for the first phase of senior debt funding, Reuters reported on Thursday citing unidentified so
Empyrean confident in ‘world-class carbonate reservoir’ in block off China
Results from a seismic inversion analysis for Empyrean’s Jade and Topaz prospects, located in Block 29/11 in the Pearl River Mouth Basin, offshore China, gave Empyrean confidence it has a world-class carbonate reservoir with excellent porosity and permeability at both prospects.
New CEO to join Noreco in July
Oil and gas company Noreco has appointed David B. Cook as the new Chief Executive Officer with effect from 1 July 2020.
Oceaneering lands asset integrity job in Middle East
Oceaneering has been awarded a considerable asset integrity contract from a major operator based in Dubai, UAE.
After three-month slump Norwegian oil output above expected in April
Norwegian oil production during April 2020 was above predictions made by the Norwegian Petroleum Directorate (NPD) after a three-month stint of falling short of expectations.
Malaysian contractor snaps up two offshore deals
Two subsidiaries of Malaysia’s engineering services company T7 Global were awarded contracts from Carigali Hess and PTS Resources.