Archer picked as sole provider of downhole services on Gyda P&A campaign
Archer has been awarded the fishing, milling & wellbore cleaning services for Repsol Norge on the Gyda platform located offshore Norway. Archer said in an update on Thursday that operations start...
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Irregularities found during emergency preparedness audit of Valaris rig
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found several irregularities regarding the emergency preparedness on the Valaris-owned Valaris JU-292 rig, formerly known...
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Shell and Cluff ‘remain committed’ to two UK wells but one well delayed
Shell and Cluff Natural Resources remain committed to drilling the Pensacola and Selene prospects, located in the Southern North Sea off the UK, despite the coronavirus pandemic. Cluff’s Southern...
View ArticleCourt in Brazil accepts corruption complaint against ex-Sembcorp Marine employee
A court in Brazil has accepted a money laundering and corruption complaint against a former Sembcorp Marine employee as part of the widespread Brazilian Car Wash probe. As previously reported, the...
View ArticleEidesvik secures more vessel work with Aker BP
Eidesvik Offshore has been awarded a four-month extension to the current time charter party for the platform supply vessel MV Viking Lady with Aker BP. The extension is for the period from September...
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Gulf of Mexico operators evacuating workers ahead of storm
Oil and gas operators in the U.S. Gulf of Mexico are removing workers from its offshore assets and ramping down production ahead of an incoming tropical storm. BP’s Thunder Horse platform; Source: BP...
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Eni in major overhaul as it shifts toward renewable energy
Italian energy giant Eni has announced a major overhaul of its business as it steps up efforts toward energy transition. Claudio Descalzi (Image: Eni) The company will create two business units with...
View ArticleSeacor Marine buys remaining stake in SEACOSCO JV
U.S. offshore support vessel provider Seacor Marine has entered into a definitive sale and purchase agreement to acquire the remaining 50 per cent of the equity interests in SEACOSCO Offshore from...
View ArticleBorr delays deliveries of five jack-up rigs as part of financial restructuring
Borr Drilling has completed its financial restructuring and made agreements with its lenders and shipyards, which will provide it with liquidity improvement of more than $315 million in the period to...
View ArticleWood aims for 40 pct greenhouse gas emission reduction by 2030
Oilfield services company Wood has pledged to reduce its greenhouse gas emissions by 40 per cent by 2030. Wood said on Friday that this science-based target was focused on reducing its scope 1 and 2...
View ArticleSembMarine’s Brazilian unit enters $500 million credit facility
A Brazil-based wholly-owned subsidiary of Singapore’s offshore rig builder Sembcorp Marine (SembMarine) has entered into a revolving facility agreement for up to $500 million with Standard Chartered...
View ArticlePremier agrees discount in buying BP’s North Sea assets
Oil and gas company Premier Oil has agreed revised terms for the acquisitions of the Andrew Area and Shearwater assets from British oil major BP. In January, Premier Oil made agreements to buy the...
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Hokchi opts for early termination of drilling contract with Mexico’s Grupo R
Mexico’s Grupo R has received an early termination of a drilling contract with Hokchi Energy due to the current market situation. Cantarell III rig; Source: Grupo R Hokchi Energy, a subsidiary of...
View ArticleApache cuts down on offshore inspection hours through digitalisation
Oil and gas company Apache has implemented digital inspection technology to reduce offshore inspection hours on its Beryl Alpha Platform. Apache adopted the Arup Inspect MInteg (AIM) inspection...
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Worldwide offshore rig count tumbles in May
The worldwide offshore rig count in May 2020 dropped by 54 rigs year-over-year and 37 rigs sequentially, according to a report by Baker Hughes. Baker Hughes splits its report into an international and...
View ArticleAker Energy to revive Pecan field development with phased approach
Oil and gas company Aker Energy is looking to revive its Pecan field development, located offshore Ghana, after postponing the final investment decision and terminating its agreement with Yinson for...
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Equinor launches maritime climate ambitions
On the UN’s World Oceans Day, energy company Equinor is launching its ambitions for reducing own emissions from ships, detailing how the company will help decarbonise shipping. Source: Equinor ASA;...
View ArticleBW gets another FPSO extension from Petrobras but layup still on the cards
FPSO operator BW Offshore has signed another agreement with Petrobras for an extension of the lease and operation of BW Cidade de São Vicente in Brazil. BW Offshore said on Saturday that the extension...
View ArticlePenspen inks engineering study deal off Myanmar
Engineering and management services provider Penspen has been awarded a contract from an undisclosed oil and gas operator for an offshore natural gas project in Myanmar. Penspen said on Monday that it...
View ArticleHurricane Energy CEO resigns. Lancaster production increased
The chief executive officer (CEO) and director of London-listed oil explorer Hurricane Energy has decided to resign from the company. Hurricane said on Monday that its director and CEO Robert Trice...
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