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Oil & Gas

Ophir spuds Paus Biru well offshore Indonesia

The COSL jackup HYSY 937 has spudded the Paus Biru-1 exploration wellin the Sampang PSC, offshore Indonesia.

Tidewater and GulfMark file definitive proxy statement with SEC

Tidewater and GulfMark Offshore have announced the filing of a joint definitive proxy statement and prospectus with the US Securities and Exchange Commission regarding their pending merger.

Shell agrees to sell Upstream Interests in Denmark to Noreco for $1.9 billion

Shell, through its affiliate Shell Overseas Holdings Limited, has reached an agreement with publicly listed Norwegian Energy Company ASA, to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. for a consideration amount of $1.9 billion.

Offshore contractors prepare for upturn

Firmer oil prices and improving sentiment have been catalysts for several key strategic moves in recent days, as offshore contractors align themselves to make the most of the imminent upturn.

Fairfield contracts two Solstad Offshore PSVs in UK North Sea

Solstad Offshore has been awarded long-term contracts in the UK North Sea for two of its PSVs by Fairfield Betula Ltd.

Offshore and tug insurance package unveiled

A new insurance package will cover liabilities and losses incurred during towage, tug, offshore oil and gas and renewables operations.

Aker BP to buy Equinor gas, condensate discovery for $250 mln

Aker BP has agreed to buy Equinor’s 77.8 percent stake in Norway’s King Lear gas and condensate discovery for $250 million in cash, the two companies said on Monday.

LNG Buildout In North America To Extend Through 2024

Stratas Advisors sees North America as the main pivot point behind the future of the LNG industry through 2030.

Novatek Discoveries New Gas Field At Ob Bay

Pao Novatek,said on Oct. 11 that its subsidiary OOO Arctic LNG 3 has confirmed a new natural gas and gas condensate field in the North-Obskiy license area in shallow-water Ob Bay offshore northern Russia.

Chevron Becomes First Major to Exit Norway’s Offshore Sector

American oil major Chevron has decided to leave the Norwegian continental shelf in favor of new prospects in other regions.

Johan Sverdrup’s Power

The Norwegian Minister of Petroleum and Energy, Kjell-Børge Freiberg, has officially opened the power-from-shore solution which will provide the Johan Sverdrup field in the North Sea with electricity for more than 50 years. 

Drillers Ensco and Rowan to Merge

Ensco and Rowan Companies have agreed to merge in an all-stock transaction. 

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