Fossil Energy
Penspen to support ADNOC’s Zirku project
Engineering and management services provider Penspen has been awarded a contract by Target Engineering Construction for slug catcher replacement support on a project on Zirku Island in the United Arab Emirates.
Solstad nets CSV contract pair
Solstad Offshore has signed a pair of construction support vessels (CSV) to new contracts, reporting deals for CSVs Far Saga and Normand Energy. The Brazilian flagged CSV Far Saga secured a three-year contract from Petrobras. Far Saga will carry two Work Class ROVs from C-Innovation suitable for ope
U.S. weekly offshore rig count down to 15 units
The number of offshore rigs in the U.S. dropped by one unit over the last week, according to weekly rig count reports published last Friday by Baker Hughes Company.
PHOTO: U.S. warship ‘says hi’ to West Capella drillship
The USS Montgomery combat ship and the dry cargo ship USNS Cesar Chavez checked out the West Capella drillship during their presence operations in the South China Sea on Thursday.
World’s largest crane vessel lifts Wintershall Dea’s Nova topside module
The world’s largest crane vessel, Sleipnir, has lifted Wintershall Dea’s Nova field topside module from the Rosenberg WorleyParsons yard in Stavanger, Norway.
Halliburton cuts another 1,000 jobs. Workforce down by 5,000
With another 1,000 workers laid off earlier this week, giant oilfield services provider Halliburton has decreased its workforce by around 5,000 since the oil price collapse.
Maersk Drilling in new round of layoffs
Offshore drilling company Maersk Drilling has decided to take another swing with the job axe and lay off even more staff.
Saudi Aramco suspends Noble Scott Marks jack-up rig
Oil giant Saudi Aramco has suspended the contract for one of Noble Corporation’s offshore drilling rigs.
Pacific Drilling improves in first quarter but expects challenging times ahead
Despite posting a loss in the first quarter of the year, offshore drilling contractor Pacific Drilling has had an overall better first quarter than the one in the year prior, but the company is preparing itself for ‘challenging times’ ahead.
Hess posts $2.4 billion loss
Hess Corporation booked a loss for the first quarter of 2020 due to impairment charges resulting from the low oil price environment.
Analysts warn of multi-year blow in umbilicals segment
The Covid-19 pandemic could see demand for umbilicals fall by 32 per cent this year, Rystad Energy impact analysis reveals. According to Rystad, expected demand could fall to just 713 kilometres of lines in 2020, from 1,041 kilometres last year. Umbilical demand will not match or exceed 2019 levels
Qatar Petroleum farms into Total’s blocks in Mexico
State-owned Qatar Petroleum has entered into three farm-in agreements to acquire about 30 per cent of Total’s participating interest in three blocks offshore Mexico.
Murphy Oil plans to curb May output by 40,000 bpd, moves HQ to Houston
Murphy Oil plans to reduce its output in May by 40,000 barrels of oil equivalent per day, with the majority planned from offshore wells.
WesternGeco surveys Egyptian block for Neptune Energy
WesternGeco has completed an ocean bottom nodes multiclient survey in the North West El Amal block, offshore Egypt, for Neptune Energy.