Archer gets five-year North Sea contract with Chevron
Chevron has awarded John Fredriksen's Archer a five-year contract in the British North Sea. The agreement applies to two rigs and can be extended.
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Chevron has awarded John Fredriksen's Archer a five-year contract in the British North Sea. The agreement applies to two rigs and can be extended.
Oil major Equinor pledges to test how all its large current and future investments fit with the goals set out in the Paris climate accord. This could help change the strategy, says the company's management.
BW Offshore has secured a contract extension with Brazil's Petrobras. The contract is for an FPSO vessel which is already working for the oil major.
The US announced Monday that sanctions will be imposed on all countries buying oil from Iran, thus canceling prior exemptions for the eight largest buyers.
Offshore shipping companies Eidesvik Offshore and Havila have signed new contracts with oil major Equinor. Both contracts have a duration of four months.
Songa Bulk, which sold its entire dry bulk fleet last year, has made an agreement to merge with company Axxis Geo Solutions.
Exports of oil and natural gas out of Norway decreased significantly in March. Even though the oil price has gone up, lower volumes weigh down, show the figures.
Prosafe is getting ready to move its headquarters from Cyprus to Norway, where the offshore company already has a Stavanger office. The move comes at a time when other companies are leaving Norway.
Petroleum Safety Authority Norway found 12 breaches on a drilling rig owned by Seadrill, the company has therefore been served with a notification of order by the Norwegian watchdog. The breaches are a combination of new and old infringements.
In a massive bet on the Permian shale oil and LNG region, oil major Chevron is set to buy Anadarko for USD 33 billion. The acquisition puts Chevron among dominant oil players such as Exxonmobil and Shell in terms of scale.
Solstad Offshore will have parts of its debt payments in a subsidiary suspended in the coming months. This happens while the company is in receivership until the end of 2019.
As part of the efforts to prepare for the IMO's sulfur regulations in 2020, Maersk Supply Service buys new fuel system for some of its vessels.
The price of oil has risen significantly this year to the current price of USD 71. This level makes the IEA warn against consequences for new price increases.
16 months have passed since the last fatal accident in Norway, and as such, 2018 was a year without fatalities in the country's oil industry, shows the latest risk level numbers from Norway's Petroleum Safety Authority.
The Norwegian Petroleum Directorate has awarded offshore operator Shearwater a contract for work in the Barents Sea.
Petrobras will get a little over USD 9 billion to settle an oil contract dispute with the Brazilian government, a move that ends longtime negotiations and paves the way for Big Oil to access the massive oil deposits in Brazil.
Singapore yard Keppel Offshore & Marine commences working on its first autonomous vessel. The ship is planned to operate in Singapore.
British-Dutch oil major Shell will invest around USD 300 million in several environmental projects aiming to offset the company's carbon footprint.
35 wells are expected to be drilled and explored during 2019, which according to Rystad Energy could bring the year's discoveries back to the level seen before the oil price collapse in 2014. February already saw the highest number in more than three years.
Vår Energi, the result of a merger between Eni's Norwegian business and Point Resources, has published the figures for its first period as a merged entity. The numbers show a revenue of close to NOK 30 billion in 2018.
Maersk Drilling has likely moved up on the list of acquisition candidates after being publicly listed Thursday this week, even though the company pursued the listing because it was unable to find a buyer, an analyst says. The reason is tied to the share price.
The electric cars have entered Asia and are now reflected in Japan's gasoline consumption. But family cars in China and two-wheelers in India look set to keep gasoline consumption high for years to come, shows a new analysis.
Listed oil majors' free cash flows reached an all-time high last year, even though oil prices have only partly recovered after the 2014 drop, according to new analysis from Rystad Energy. Three factors have been crucial for this development.
TechnipFMC has won a contract worth at least USD 250 million. The contract is signed by Neptune Energy, operator on two projects in the North Sea.
US oil group ConocoPhillips has difficulty getting rid of its oil fields in the North Sea. A British company could be the new buyer.
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