Fossil Energy
Petrofac puts Awilco rig on standby rate
Petrofac has postponed the beginning of the plug & abandonment program on Rubie and Renee fields in the UK North Sea. As a result, Awilco Drilling’s rig has been put on standby.
Wintershall Dea begins Nova subsea campaign
Wintershall Dea has installed two manifolds in the templates on the seabed of its Nova field project located offshore Norway.
Solstad Offshore finds work for six vessels
Norwegian vessel owner Solstad Offshore has entered into medium-term contracts for six of its vessels with undisclosed clients.
BW Energy sees delay in Gabon well hook-up
BW Energy has experienced a delay in hook-up operations of a well in the Dussafu Marin Permit, offshore Gabon, due to the coronavirus crisis.
GMS rejects takeover offer from Seafox
Abu Dhabi-based Gulf Marine Services (GMS) has turned down a USD 32 million takeover offer from Seafox International saying that the offer ”fundamentally undervalues GMS”. As reported earlier, Seafox submitted an unsolicited and non-binding possible cash offer for the entire issued and to be issued
April sees steep decline in worldwide offshore rig count
The worldwide offshore rig count in April 2020 has dropped 28 rigs year-over-year and 19 rigs sequentially, according to rig count reports by Baker Hughes Company.
Red ink for ExxonMobil amid asset impairments
ExxonMobil booked a quarterly loss due to asset impairments amid lower oil prices while its production was up by 2 per cent.
Solstad and Ocean Yield agree another standstill extension for AHTS duo
Shipowning company Ocean Yield and Solstad Offshore have agreed to further extend the standstill period for two anchor handlers.
Chevron books larger profit but opts for fresh capex cuts
Chevron booked a larger profit in the first quarter of 2020 compared to the same period last year.
Wintershall Dea cleared to use West Mira rig on Nova field
German oil and gas company Wintershall Dea has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for production drilling and completion on the Nova field using the West Mira drilling rig.
Acteon companies to support platform installation off Trinidad and Tobago
The joint proposal from MENCK and LM Handling, both Acteon Group companies, has been selected to support piling operations for a platform installation off the coast of Trinidad and Tobago.
U.S. weekly offshore rig count inches down
The U.S. active offshore rig count last week dropped by one unit compared to the previous week, Baker Hughes Company said on Friday in its weekly rig count report.
The Energy Transition needs to happen in an orderly fashion
Interview with Lars Eirik Nicolaisen, Senior Partner & Deputy-CEO at Rystad Energy Rystad Energy is an independent energy research and business intelligence company providing data, tools, analytics and consultancy services to clients exposed to the energy industry across the globe. During Offshore E
Borr Drilling sells two jack-up rigs
Borr Drilling has decided to sell two jack-up rigs for total cash proceeds of $15.8 million.