Fossil Energy
Mota-Engil, Besix score Mozambique LNG deal
A partnership consisting of Portugal’s Mota-Engil and Besix of Belgium has secured a contract for the Total-led $20 billion Mozambique LNG export project. Under the deal, the 50/50 partnership will build a pier bridge and an offloading facility for about $365 million, according to a Mota-Engil state
IMF loan to aid Gabon’s recovery from oil price crash and coronavirus
The International Monetary Fund (IMF) and the Government of Gabon have reached an agreement for a $147 million facility to help the country address the challenges that have arisen due to the global COVID-19 pandemic and oil price crash.
Neptune kicks off Fenja drilling campaign
Neptune Energy has kicked off its Fenja drilling campaign, located offshore Norway, following the spud of the first well.
OKEA dives deeper into the red
OKEA sank deeper into the red in the first quarter of the year affected by lower oil and gas prices and sales volumes resulting in impairments of over $60 million.
Petrobras production up despite global recession and health crisis
The negative effects of the global recession caused by the public health crisis did not substantially impact Petrobras’ production and sales performance in the first quarter, according to the Brazilian oil company’s production and sales report.
BW Offshore mulls FPSO layup after new Petrobras extension expires
BW Offshore has signed an agreement with Petrobras for an extension for the lease and operation of BW Cidade de São Vicente.
BP profit slips on demand destruction and low prices
BP reported a significant decline in its quarterly profit due to lower prices and the destruction of oil demand by the coronavirus crisis.
NYSE to delist Diamond shares after bankruptcy filing
Following its filing for Chapter 11 bankruptcy protection, Diamond Offshore Drilling has received a delisting notice from the New York Stock Exchange (NYSE).
Hurricane gets more time to gather Lincoln data while seeking field determination
Due to the coronavirus pandemic, Hurricane Energy has received an extension of a deadline to plug and abandon the Lincoln Crestal well off the UK, which will allow it to gather more data and further insight into the reservoir behaviour.
ADNOC and ADPower team up on subsea HVDC links
ADNOC and ADPower have issued a joint tender to develop and operate the MENA region’s first HVDC subsea transmission system. The system will connect ADNOC’s offshore production facilities to ADPower’s onshore electricity grid. The project should as a result reduce the carbon footprint of ADNOC’s off
Wellesley hires Dolphin rig for North Sea campaign
Dolphin Drilling will carry out a programme of North Sea drilling work for Wellesley Petroleum.
Diamond Offshore seeks Chapter 11 protection
Offshore drilling contractor Diamond Offshore has started voluntary Chapter 11 proceedings to restructure and strengthen its balance sheet.
Petronas denies claims of shutting down 14 rigs and projects
Petronas has refuted allegations in news reports stating the company has deactivated 14 rigs and shut down 14 projects.
GALLERY: Final turret modules for Johan Castberg FPSO head to Singapore
The last two modules for Equinor’s Johan Castberg FPSO turret mooring system have sailed away from Dubai to Singapore.