Fossil Energy
Equinor divests Lundin shares after boosting exposure in Johan Sverdrup
Norwegian oil and gas company Equinor has divested its minority shareholding in Swedish oil and gas company Lundin Energy.
Regulator’s inspections show Australian offshore facilities equipped to handle COVID-19
Following a set of inspections, Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has confirmed that operators of offshore facilities were equipped with adequate arrangements for protecting workers from infectious diseases such as COVID-19.
Oceaneering’s ROS completes IRS campaign in South America
Oceaneering International’s Remotely Operated Survey (ROS) group has completed an Integrated Rig Services campaign for an operator offshore South America. ROS recorded a milestone 150,000 hours of operations with 99% uptime with no client operations or vessel downtime. Oceaneering was contracted by
Red ink for Repsol amid sharp drop in oil and gas prices
Repsol posted a significant quarterly loss after being hit by volatility and decline in oil and gas prices, but it delivered an increased output during the period.
Petrobras sets new oil export record despite low demand
Brazilian oil and gas giant Petrobras reached an oil export record during April, exporting 1 million barrels of oil per day.
Spirit Energy picks NHV for transfer services in East Irish Sea
Helicopter operator NHV Group has won a new long-term contract with Spirit Energy to provide passenger transfer services in support of their East Irish Sea operations.
AGS firms up North Sea contract with Equinor
Norwegian ocean bottom node seismic company Axxis Geo Solutions (AGS) has secured a contract with Equinor for OBN survey in the North Sea. The deal follows a letter of intent signed with an undisclosed client in February this year. According to the Oslo-listed firm, the survey should commence later
Eni fails to find hydrocarbons in Mexican well
Italian oil and gas company Eni has failed to find hydrocarbons in an exploration well located in the Sureste Basin, offshore Mexico.
Woodside makes plans to abandon three Australian wells
Australian energy company Woodside has submitted a decommissioning plan for subsea infrastructure no longer required for production activities from the Echo Yodel field offshore Australia.
Oil and gas firms get two-year extension for exploration in Equatorial Guinea
After considering the consequences of the COVID-19 global pandemic on oil prices and African economies, the Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea has signed a ministerial order granting oil and gas companies a two-year extension on their exploration programmes.
Total’s profit slips as oil prices tumble
Total recorded a 35 per cent decrease in its first quarter profit as oil prices tumbled during the period.
Repsol hits two oil discoveries offshore Mexico
Repsol has made two significant offshore oil discoveries in Mexico’s deepwater with its Polok-1 and Chinwol-1 exploration wells in Block 29 in the Salina Basin.
Zenith becomes majority owner of Tilapia oilfield
Canadian oil and gas company Zenith Energy has completed the acquisition Anglo African Oil & Gas’ subsidiary which is the operator of the Tilapia oilfield in the Republic of the Congo.
Kotug becomes full owner of Marsol
Kotug has completed the 100 per cent acquisition of Marsol, an offshore and marine terminal service centre specialized in offshore single point mooring (SPM) buoy terminals and its related infrastructure.