Baker Hughes posts 2Q loss despite signs of global economic recovery
Oilfield services provider Baker Hughes has reported a loss in the second quarter of the year although the company did book an increase in orders and revenues. The post Baker Hughes posts 2Q loss...
View ArticleMore work for Floatel as Equinor books Victory
Floatel has secured another contract for one of its units, this time with Norway's Equinor for operations in Brazilian waters. The post More work for Floatel as Equinor books Victory appeared first on...
View ArticleAquadrill mulls appeal after losing dispute against BP
Aquadrill Offshore, formerly known as Seadrill Partners, has lost in arbitration against BP related to claims for breach of a contract. The post Aquadrill mulls appeal after losing dispute against BP...
View ArticleRival drillers eye Seadrill assets amid restructuring efforts
Rival offshore drilling contractors are reportedly looking to buy the assets of bankrupt Seadrill Limited, controlled by John Fredriksen. The post Rival drillers eye Seadrill assets amid restructuring...
View ArticleSarawak Basin seismic survey set for October
The consortium of PGS, TGS and Schlumberger’s WesternGeco has secured pre-funding for a 6,400 […] The post Sarawak Basin seismic survey set for October appeared first on Offshore Energy.
View ArticleHess reduces GHG emissions in 2020. New targets set for 2025
U.S. oil and gas company Hess Corporation has outperformed its five-year targets to reduce greenhouse gas emissions and set new targets for 2025. The post Hess reduces GHG emissions in 2020. New...
View ArticleWoodside shareholders not happy as report links it to BHP oil and gas assets buy
An unsourced media report in The Australian claimed that Australia’s energy major Woodside was negotiating to buy some or all of BHP’s oil and gas assets. The post Woodside shareholders not happy as...
View ArticleTransocean finds work for five drillships and four semi-subs
Transocean has secured new contracts for five drillships and four semi-submersible rigs but also received a termination for one of the rigs. The post Transocean finds work for five drillships and four...
View ArticleBorr to add nearly $16 million in revenues with new deal in Mexico
Offshore drilling contractor Borr Drilling has received a letter of award from an international oil company for additional work in Mexico. The post Borr to add nearly $16 million in revenues with new...
View ArticleShell cheers first gas from Trinidad and Tobago project
Shell has started production from Block 5C in the East Coast Marine Area, also known as project Barracuda, located in Trinidad and Tobago. The post Shell cheers first gas from Trinidad and Tobago...
View ArticleSapura scores new deals worth over $284 million
Malaysia's Sapura Energy has secured new contracts and extensions in Malaysia and Thailand with a combined value of $284.2 million. The post Sapura scores new deals worth over $284 million appeared...
View ArticlePetrobras 2Q production on par with last year regardless of ramp-ups on two...
Brazil’s state-owned oil major Petrobras had an average production of 2.754 million barrels of oil equivalent a day in the second quarter, an increase from the first quarter but a minor decline when...
View ArticleAwilco to challenge tribunal decision over UK tax bill
Awilco Drilling has lost an appeal over a £6.8 million tax bill, arising from the termination of a drilling contract for one of its rigs. The post Awilco to challenge tribunal decision over UK tax bill...
View ArticleEnQuest’s decom plan for Heather topsides gets green light
EnQuest has received approval from the UK authorities for its decommissioning programme for the Heather topsides in the UK North Sea. The post EnQuest’s decom plan for Heather topsides gets green light...
View ArticleIn Focus: Energy transition drives development of zero-emission fuels across...
Renewable electricity has been a remarkable success over the past 20 years, but the same cannot be said for other energy uses. However, the global energy transition trend stands to change this as...
View ArticleU.S. offshore rig count stays flat for two straight weeks
The number of active offshore rigs in the U.S. remained stuck at 17 for the second week in a row, according to weekly rig count reports by Baker Hughes. The post U.S. offshore rig count stays flat for...
View ArticleSembcorp Marine-built Tyra topsides set sail for Denmark
Singapore's offshore builder Sembcorp Marine has completed the fabrication of two wellhead topsides, one riser topside, and two bridges for deployment to TotalEnergies’ redeveloped Tyra field located...
View ArticleSantos boasts record production rate after first oil from Van Gogh phase 2
Santos has produced the first oil from the Van Gogh Phase 2 infill development, located offshore Australia. The post Santos boasts record production rate after first oil from Van Gogh phase 2 appeared...
View ArticleWellesley and Equinor swap development assets in Norway
Wellesley Petroleum and Equinor have signed a sale and purchase agreement covering several development assets located in Norway. The post Wellesley and Equinor swap development assets in Norway...
View ArticleKeppel receives request for arbitration in $42.5M dispute
Two of Keppel Offshore and Marine Limited’s wholly-owned subsidiaries have received a request for arbitration from an unnamed company for two FPSO contracts. The post Keppel receives request for...
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