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Mist rig; Source: Borr Drilling
Business & Finance

Thanks to infill drilling campaign, more oil flows from Thai field

Valeura Energy has wrapped up its infill drilling campaign at a field offshore Thailand, which has enabled it to ramp up oil production at the field.

about 3 years ago
Pharos assets in Vietnam; Source: Pharos Energy
Business & Finance

With farm-out talks ongoing, UK oil & gas firm secures extension for two blocks off Vietnam

Pharos Energy Plc has received a licence extension for two blocks located in the moderate to deepwater Phu Khanh Basin offshore Vietnam.

about 3 years ago
PSV Siem Giant; Source: Siem Offshore
Business & Finance

TotalEnergies gives more work to two Siem vessels

TotalEnergies has exercised a contract extension with Siem Offshore for two platform supply vessels (PSVs) carrying out ops off Brazil.

about 3 years ago
Maersk
Business & Finance

OCI to fuel Maersk’s 1st green methanol-powered feeder

Dutch producer and distributor of hydrogen-based products OCI Global is fueling the first-ever green methanol-powered container ship in a new partnership with A.P. Moller-Maersk. OCI revealed that it will provide ISCC-certified green biomethanol to power the maiden voyage of Maersk’s first methanol

about 3 years ago
Johan Sverdup field in the North Sea; Credit: Lizette Bertelsen & Jonny Engelsvoll/Equinor
Business & Finance

Speed and scale of ‘fragmented’ energy transition not up to par with net-zero by 2050 targets

Equinor outlines in its new report that the 1.5-degree goal set in the Paris Agreement is becoming increasingly difficult to achieve.

about 3 years ago
Equinor taps Aker Solutions for 'first, umbilical-less TH installation'
Business & Finance

Equinor taps Aker Solutions for ‘first, umbilical-less TH installation’

Norway’s state-owned energy giant Equinor has awarded compatriot Aker Solutions with a contract for the first delivery of its Submersible Wireless Installer for Tubing (SWIFT). According to Aker Solutions, the advantage of SWIFT includes OPEX and carbon-footprint savings for operators by providing u

about 3 years ago
Norbe VI; Source: Ocyan
Business & Finance

Ocyan undergoes restructuring, giving birth to new drilling player

Ocyan has confirmed the completion of its restructuring process, which enabled it to separate its drilling business into a new company, temporarily being called DrillCo.

about 3 years ago
Norwegian deep-water installation vessel to back Mediterranean gas pipeline installation
Business & Finance

Norwegian deep-water installation vessel to back Mediterranean gas pipeline installation

Norwegian offshore vessel owner Island Offshore has secured a contract to support the installation of a new gas pipeline in the Mediterranean. The company’s deep-water installation vessel Island Victory will carry out the installation of a complete mooring spread for a floating storage regasificatio

about 3 years ago
FPSO Espoir Ivoirien; Source: BW Offshore
Business & Finance

With BW Offshore FPSO’s stay prolonged, Tullow puts all options on the table for stake in oil field off Ivory Coast

Tullow Oil is mulling over all available options regarding its interest in an oil field located offshore the Ivory Coast.

about 3 years ago
Uranus rig; Source: Trillion Energy
Business & Finance

Drilling ops kick off at sixth well in Black Sea drilling campaign

Trillion Energy has spudded the sixth well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.

about 3 years ago
Caspian Explorer drilling vessel Source Caspian Sunrise
Business & Finance

Sale of partial stake in drilling vessel underway

Caspian Sunrise has inked a deal with Stepping Stone Investments Limited to sell 50 per cent of its stake in a drilling vessel.

about 3 years ago
Shelf Drilling Winner (former Noble Sam Turner) jack-up rig; Source: Noble Corp.
Business & Finance

Shelf Drilling jack-up rig spuds TotalEnergies’ first of two infill wells in North Sea

TotalEnergies has kicked off drilling ops on the first of two infill wells to be drilled during 2023 at a field in the Danish North Sea.

about 3 years ago
GMS Shamal (for illustration purposes); Source: Gulf Marine Services (GMS)
Business & Finance

GMS racks up two extension deals, as offshore vessel market goes from strength to strength

Gulf Marine Services (GMS) has secured two contract extensions for one of its small-size class vessels and one of its large-class vessels.

about 3 years ago
South Timbalier Complex; Source: Arena Offshore
Business & Finance

Watch Coast Guard in action as oil worker gets a medevac in Gulf of Mexico

The U.S. Coast Guard (USCG) has medevacked a 33-year-old worker from an oil platform about 23 miles southwest of Port Fourchon, Louisiana.

about 3 years ago
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