Petronas hits oil offshore Indonesia
Petronas has made an oil discovery at the Hidayah-1 exploration well, located within the North Madura II Production Sharing Contract, offshore Indonesia. The post Petronas hits oil offshore Indonesia...
View ArticleNEO Energy snaps up ExxonMobil’s North Sea assets for over $1bn
HitecVision-backed NEO Energy is acquiring a major portfolio of non-operated oil and gas assets in the Central and Northern North Sea from ExxonMobil. The post NEO Energy snaps up ExxonMobil’s North...
View ArticleRumours of $100 oil return as crude recovers from Covid grip
While the oil price collapse is still fresh in our minds, rumours are starting to emerge that by the end of next year prices could once again top $100 a barrel. The post Rumours of $100 oil return as...
View ArticleTransocean lands higher day rate for drillship and more work for idle rig
Offshore drilling contractor Transocean has secured more work for a drillship in the Gulf of Mexico and for a semi-submersible in Myanmar. The post Transocean lands higher day rate for drillship and...
View ArticleShelf Drilling delivers sold rig to ADNOC Drilling
Offshore drilling contractor Shelf Drilling has completed the previously announced sale of a jack-up rig to ADNOC Drilling. The post Shelf Drilling delivers sold rig to ADNOC Drilling appeared first on...
View ArticleAqualisBraemar to perform DP approvals for Petrobras shuttle tankers
Brazilian national oil company Petrobras has contracted AqualisBraemar with DP acceptance and annual trials for its shuttle tanker fleet operating in Brazil. The post AqualisBraemar to perform DP...
View ArticleSubsea 7 reports $1.1 billion loss in 2020
Subsea 7 has recognised a major loss in 2020, mostly on impairment charges, but […] The post Subsea 7 reports $1.1 billion loss in 2020 appeared first on Offshore Energy.
View ArticleEnQuest farms down North Sea field to Hibiscus
EnQuest is farming down its interest in the Eagle discovery in the UK North Sea to Anasuria Hibiscus for a nominal consideration of $1. The post EnQuest farms down North Sea field to Hibiscus appeared...
View ArticleTechnipFMC stays in the red
UK-based TechnipFMC has reported fourth-quarter 2020 loss of $39 million or 9 cent per […] The post TechnipFMC stays in the red appeared first on Offshore Energy.
View ArticleTWMA wins first job with Spirit Energy in North Sea
Specialist drilling waste management company, TWMA, has secured a seven-figure contract with an exploration and production company, Spirit Energy. The post TWMA wins first job with Spirit Energy in...
View ArticleTechnipFMC taps UTEC for Coral-Sul FLNG survey
Acteon’s surveying company UTEC has won a contract from TechnipFMC to support the development […] The post TechnipFMC taps UTEC for Coral-Sul FLNG survey appeared first on Offshore Energy.
View ArticleReport: Baker Hughes and others quit Nord Stream 2 amid threat of sanctions
Baker Hughes, AXA Group, and 16 other companies have reportedly abandoned work on the Nord Stream 2 pipeline project and will not be sanctioned by the U.S. The post Report: Baker Hughes and others quit...
View ArticleConocoPhillips VP and COO retiring after 35 years
ConocoPhillips has announced the retirement of Matt Fox as executive vice president and chief operating officer after a 35-year career with the company. The post ConocoPhillips VP and COO retiring...
View ArticleSeven oil players apply for production licences off Norway
Seven oil and gas companies have applied for production licences in the 25th licensing round offshore Norway, focusing on the Barents Sea. The post Seven oil players apply for production licences off...
View ArticleVaalco closes Etame Marin block stake buy from Sasol
Houston-based oil and gas company Vaalco Energy has closed the acquisition of Sasol’s 27.8 per cent working interest in the Etame Marin block offshore Gabon. The post Vaalco closes Etame Marin block...
View ArticleGolar LNG profit slips, FLNG Hilli Episeyo hits cargo milestone
Golar LNG, owner and operator of LNG midstream infrastructure, saw its fourth-quarter profit dwindle. The post Golar LNG profit slips, FLNG Hilli Episeyo hits cargo milestone appeared first on Offshore...
View ArticleADNOC fleet expansion to add 12 million barrels cargo capacity
ADNOC Logistics & Services, the shipping and maritime logistics arm of ADNOC, is expanding its fleet with the acquisition of six VLCCs. The post ADNOC fleet expansion to add 12 million barrels...
View ArticleChevron invests $300 million in low-carbon technology
U.S. oil major Chevron has, through one of its subsidiaries, launched a $300 million-worth Future Energy Fund II focused on technologies that would enable cleaner energy for all. The post Chevron...
View ArticleSolstad vessels to support drilling off Australia and Timor Leste
Norwegian vessel owner Solstad Offshore has secured new contract awards for its vessels for operations in Australia and Timor Leste. The post Solstad vessels to support drilling off Australia and Timor...
View ArticleSenate approves Granholm to head U.S. Energy Department
The U.S. Senate has approved President Joe Biden’s nominee, former Michigan governor Jennifer Granholm to serve as the secretary of the Department of Energy. The post Senate approves Granholm to head...
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