Yinson reveals settlement amount for cancelled $1B FPSO deal
Malaysian FPSO provider Yinson has revealed the amount of the settlement with PetroVietnam regarding the 2019 termination of a $1 billion FPSO charter contract. Yinson said on Monday that its PTSC CRD...
View ArticleEquinor picks Odfjell rig for another phase of Sverdrup drilling
Equinor has signed a letter of intent with Odfjell Drilling for the Deepsea Atlantic rig to drill 12 wells during phase 2 of the Johan Sverdrup field development in Norway, following its work on phase...
View ArticleEni to take up $4 billion impairment hit due to lower oil price outlook
Italian oil major Eni is expecting to report impairments of around 3.5 billion euros (cca. $3.96 billion) as a result of a lower outlook for energy prices. Eni said on Monday that it was cutting its...
View ArticleHydraWell and Exedra in well abandonment alliance
Norway-based well integrity specialist HydraWell has teamed up with fellow compatriot Exedra. The two companies will join forces with aim to bring new solution for the well abandonment and...
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TSG Marine to bring COVID-19 fast screening, sanitation system offshore
Marine engineering specialists TSG Marine is working on a molecular technology to support the offshore energy sector on its exit out of the COVID-19 crisis. Source: TSG Marine Utilising the same...
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Icon Offshore in talks with Perisai to buy jack-up rig
Malaysian offshore support vessel provider Icon Offshore has confirmed it is in the process of negotiating the acquisition of Perisai Petroleum Teknologi’s jack-up drilling rig. Perisai Pacific 101;...
View ArticleSeacor Marine completes buy of remaining stake in SEACOSCO JV
U.S. offshore support vessel provider Seacor Marine has completed the acquisition of the remaining 50 per cent of the equity interests in SEACOSCO Offshore from COSCO Shipping. Seacor Marine said on...
View ArticleNorth Sea exploration: Risk appetite remains despite low oil prices
The North Sea has been a cash cow for the UK and Norway contributing to their economies for over half a century. However, to maintain regular activities in the near future, new commercial discoveries...
View ArticleEquinor finds gas and condensate in North Sea well
Equinor has discovered gas and condensate in an exploration well 30/2-5 S Atlantis, which is located near the Kvitebjørn field in the North Sea. The well is located in production licence 878 where...
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PSE Kinsale Energy ceases gas production from Kinsale field
PSE Kinsale Energy has ceased its gas production at the Kinsale area gas fields in the Celtic Sea after 42 years of production. PSE, a Petronas subsidiary since 2009, announced in April 2018 that the...
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PGS extending Hammerfest Basin coverage
PGS has recently started ultra-high-density seismic survey in the Barents Sea. The survey extends Hammerfest Basin coverage further west and north into the southern Loppa High. The first data will be...
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Petrobras starts decommissioning Campos Basin platform
Brazilian oil and gas giant Petrobras has started decommissioning the P-12 platform in the Campos Basin offshore Brazil. P-12 platform; Source: Petrobras Petrobras informed on Tuesday that, after...
View ArticleABS remote survey certifies steel for Lamprell rigs
The American Bureau of Shipping (ABS) has conducted a remote survey for steel certification at a steel mill to enable work on two Lamprell’s self-elevating drilling rigs. ABS said on Tuesday that the...
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Indonesian regulator confirms Shell Abadi LNG exit talks
Indonesian upstream regulator SKK Migas has confirmed Shell is in talks to withdraw from Indonesia’s proposed Abadi LNG export project. Image: Inpex The Inpex-operated giant Abadi LNG project has seen...
View ArticleCongressman Pallone adds Atlantic offshore drilling ban to appropriations bill
U.S. Congressman Frank Pallone Jr. has announced that the House Democrats’ appropriations bill for the fiscal year 2021 would ban offshore drilling in the Atlantic Ocean. Pallone, a representative for...
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Equinor picks Aibel for work on Oseberg fields
Norwegian oil major Equinor has awarded compatriot Aibel a portfolio agreement for the Oseberg fields for the period 2020-2026. Equinor said on Wednesday that the aim of the portfolio agreement was to...
View ArticleVaalco Energy stock returns to compliance with NYSE standards
Houston-based oil and gas company Vaalco Energy has regained compliance with the NYSE continued listing standards following a listing warning from the end of April 2020. Vaalco was notified in late...
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BP inks natural gas supply deal with ENN
Energy major BP has signed a natural gas supply agreement with ENN Group (ENN). Courtesy of BP The two companies aim to jointly support the growing energy needs of China’s southern Guangdong region....
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K Line takes stake in 2nd FPSO as it eyes business expansion with Yinson and...
Japanese shipping company K Line has inked a deal with Malaysian energy major Yinson Holdings Berhad and Sumitomo Corporation to participate in the floating production, storage and offloading (FPSO)...
View ArticlePetrofac wins $135 million worth job in Kazakhstan
Petrofac has secured an engineering, procurement, construction, pre-commissioning, and commissioning (EPCC) contract in Kazakhstan worth approximately $135 million. Petrofac said on Thursday that the...
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