Fossil Energy
West Mira rig ready for Wintershall Dea’s Vega field
Oil and gas company Wintershall Dea has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for production drilling on the Vega field using the West Mira drilling rig.
US EXIM bank amends Mozambique LNG loan
The Export-Import Bank of the United States said Thursday it has amended its previously approved loan for the Total-led $20 billion Mozambique liquefied natural gas export project. The bank approved a loan for up to $5 billion in September last year to support the export of U.S. goods and services r
Contract confirmed for operation of stranded Australian FPSO in lighthouse mode
Upstream Production Solutions has been awarded a contract to provide operations and maintenance to the Northern Endeavour FPSO and associated infrastructure located offshore Australia.
SeaBird stays in red despite revenue boost
Oslo-listed SeaBird has recognized net loss of $0.3 million for Q1 2020, against net loss of $0.4 million in the same period in 2019. SeaBird recorded revenues of $25.3 million in Q1, a 105 per cent increase compared to $12.3 million in Q1 2019. Significant part of revenues in Q1 2020 relates to a 3
Descalzi gets third term as Eni chief executive officer
Italian oil major Eni has chosen Claudio Descalzi to be its chief executive officer (CEO) for the third time. The company has also named its new chairwoman and members of board committees.
NOPSEMA approves Santos’ WA-437-P geotechnical and geophysical survey
Santos WA Northwest has received approval from Australia’s NOPSEMA for a geotechnical and geophysical survey within Permit WA-437-P, located around 145 km from the town of Port Hedland. The site survey is required to support pre-engineering studies for any future development and aims to aid in the u
ST Engineering unveils LNG-powered catamaran design
Singapore’s ST Engineering has launched a new design for a dual fuel LNG-powered catamaran fast crew boat optimised for crew transfer in the offshore sector. ST Engineering’s marine arm developed the 76 meters long catamaran in a collaboration with Australia’s marine engineer Incat Crowther. The ves
Hydrogen on oil and gas industry’s decarbonisation horizon
Hydrogen has surged up the priority list of many oil and gas organizations, taking a primary position in the sector’s decarbonization efforts, according to a new report by DNV GL.
Seadrill gets termination for drillship deal
Seadrill has been hit by early termination of a drilling contract for a drillship operating in Southeast Asia.
Bureau Veritas creates new notation for floaters in Brazil
Bureau Veritas (BV), a provider of testing, inspection, and certification (TIC) services, has formalized guidelines and a classification notation for floating, production, storage and offloading vessels (FPSOs) and floating production units (FPUs) designed for operation in Brazil’s deep waters.
Hornbeck soliciting support for Chapter 11 filing
U.S. offshore vessel operator Hornbeck Offshore Services has launched a solicitation of votes from its lenders and unsecured noteholders in support of a prepackaged Chapter 11 plan of reorganization.
Nortrans ROV vessel on Shell duty off Nigeria
Singapore-based Nortrans Offshore and its partner in Nigeria have secured a contract with Shell for the ROV vessel Prince Jameson I. The spot charter deal is for a duration of one to three months, Kjell Gauksheim, managing director of Nortrans said. The 86 metres long Prince Jameson I joined Nortran
Shelf Drilling books loss over rig impairments, takes action to cut costs
Shelf Drilling booked a loss of $185 million in the first quarter of 2020 due to rig impairment charges and is taking actions to reduce costs and preserve liquidity amid challenging market situation.
TechnipFMC pipelayer sets new world record
London-based TechnipFMC said that its pipelay vessel Deep Energy has set a new world record for the stiffest pipe ever installed from a Reel-Lay vessel. The landmark was achieved while laying the P1 oil production pipe-in-pipe at Neptune Energy’s Duva- Gjøa P1 field. Nicolas Pallin, senior specialis