Craig International nets new orders worth more than £5m
Offshore procurement specialist Craig International, of Aberdeen, is to deliver two new contracts worth a total of more than £5 million through its fledgling Ecobuy service.
E&P
Cyprus restarts drilling push with Exxon, Eni talks
Cypriot President Nikos Anastasiadis has held talks with ExxonMobil ahead of drilling planned for the end of the year.
Block appoints Asher to restore board
Block Energy, which recently won a shareholder vote against an activist investor, has appointed Jeremy Asher to act as a non-executive director.
Eni and Neptune start pumping from Merakes offshore Indonesia
The Eni-led Merakes deep-water development in the East Sepinggan block offshore Indonesia has started gas production in the Kutei basin.
Neptune Energy commences drilling at Adorf gas development
Neptune Energy today announced drilling has begun at its operated Adorf Z16 gas development well in the municipality of Hoogstede, north western Germany.
Chevron’s Australian business is least resilient among big upstream players
Rystad Energy estimates that Chevron, based on the gas reserves of its discovered fields in Australia, holds the top position in terms of non-producing assets, totalling 21 trillion cubic feet (Tcf), among the major upstream companies operating in the country.
TechnipFMC wins Malaysia deep-water deal
UK-based engineering giant TechnipFMC has won a deal worth between $250 million and $500 million for a key contact at the Petronas-operated Limbayong deep-water development offshore Malaysia.
Serinus focuses on returns, as debt shackles come off
Serinus Energy’s “shackles are off”, the company’s CEO Jeffrey Auld has said, with a newfound focus on generating cash and modest drilling plans.
Neptune falls to third-quarter loss but North Sea projects brighten outlook
Neptune Energy fell to a loss in the third-quarter as its figures came under pressure from lower oil and gas prices and “operational issues” in Norway and Algeria.
Independent E&P firms that fail to adjust to energy transition will be gone by 2050, analyst says
Independent exploration and production (E&P) firms that fail to adjust to the energy transition face extinction before 2050, an analyst said today.