Fossil Energy
Prosafe contract hangs in the balance as Shell delays Shearwater work
The future of Prosafe’s contract for the Safe Zephyrus flotel with Shell is uncertain following Shell’s decision not to perform its previously planned work at the Shearwater field this year.
Mubadala set to kick-off three-well Manora drilling campaign
UAE-based Mubadala Petroleum has decided to drill, complete, and put on production three wells in the Manora field in the Gulf of Thailand.
Sembcorp Marine’s yard workforce down from 20,000 to 850 due to COVID-19 restrictions
Yard workforce employed by Singapore’s offshore builder Sembcorp Marine has been reduced from 20,000 to only 850 workers following movement restriction measures implemented due to the coronavirus pandemic.
Odfjell Drilling profit up despite oil price turmoil and COVID-19
Due to the limited impacted of the COVID-19 outbreak during the first quarter of 2020, offshore drilling contractor Odfjell Drilling was able to post a higher profit than in the first quarter of 2019.
Yard lockdown pushes back Premier Oil’s project start-up
Oil and gas company Premier Oil has pushed back the forecast of first gas for the Tolmount project, located in the Southern North Sea.
KBR nets JX Nippon carbon capture contract
Houston-based energy and LNG engineer KBR said Wednesday it has secured a carbon capture contract from Japan’s JX Nippon Oil & Gas Exploration Corporation. Under the master service agreement and feasibility study, KBR will assess options for carbon capture and sequestration, alongside blue hydrogen
Ideol and Kerogen Capital to test waters for offshore wind-powered oil & gas platforms
Ideol has entered into a Memorandum of Understanding (MoU) with Kerogen Capital to assess the benefits of using offshore wind to power oil & gas platforms. Ideol stated that the focus of the initiative will be to combine the Damping Pool, its floating offshore wind solution, with Kerogen’s internati
Neptune boasts world’s first dual drilling from subsea template
Oil and gas company Neptune Energy has conducted ‘the world’s first’ dual drilling operation from an integrated subsea template structure at the Fenja field in the Norwegian North Sea.
Santos fires starting gun for Dorado FPSO supply competition
Australia’s Santos is pushing forward with its Dorado field development, located in the Bedout Basin offshore Western Australia.
Go-ahead for Spirit Energy’s Barents Sea drilling plans
Oil and gas company Spirit Energy has been given a drilling permit to drill the 7321/8-2 S well in the Barents Sea, offshore Norway.
Borr Drilling gets listing warning from NYSE
Borr Drilling has joined a growing list of offshore drilling contractors facing a possibility of being delisted from the New York Stock Exchange (NYSE).
Bristow and Era set up new leadership team as merger date nears
Offshore helicopter operator Bristow and its peer Era Group have created a new global organization structure and selected the executive leadership team for the combined company.
Ghana hoping for new era in upstream by pushing for field unitization between Eni and Springfield
The government of Ghana is pushing for a fast-track development of a new oil discovery made by domestic operator Springfield E&P through a unitization agreement between Springfield and Eni.
Esvagt to reduce employee pay over COVID-19, oil price drop
Offshore vessel provider Esvagt has decided to streamline its operations and reduce pay to its workers and management to combat the consequences of the decreasing energy prices and COVID-19.