Riding on wave of confidence, Longboat targets more acquisitions
Bosses at Longboat Energy say they will harness the higher levels of interest being shown in the business to clinch more acquisitions.
Oil & Gas
Repsol finishes FEED for giant Indonesian gas discovery
Repsol has finished front-end engineering and design (FEED) work for its giant Kali Berau Dalam (KBD) gas discovery on the Sakakemang Block in Indonesia. The Spanish company and partner Petronas are now moving towards preparation for engineering, procurement, and construction (EPC) contractor selection, according to upstream regulator SKKMigas.
Keppel set to ‘vigorously’ defend FPSO arbitration
Singapore rig builder Keppel Offshore & Marine has received a request for arbitration from an unnamed counterparty relating to two engineering, procurement and construction (EPC) contracts for floating production storage and offloading units (FPSOs).
Santos posts record production rate at Van Gogh well
Santos today announced first oil from the Van Gogh Phase 2 Infill Development, with the first of three new production wells producing at the highest initial rate from an individual well in the field’s history.
Ardersier Port sold to new owners with decommissioning and green energy plans
The former McDermott fabrication yard at Ardersier is under new ownership, it was announced last night.
Schlumberger posts £314 million profit in second quarter
Schlumberger turned a profit in the second quarter as drilling activity continued to rebound from the pandemic-driven oil bust.
Demand for offshore rigs predicted to rise in coming years – Bassoe
The demand for offshore rigs is expected to grow in the coming years, despite scores of assets currently sitting idle.
Oil closes out wild week with rally intact as bulls fight back
Oil held the bulk of a three-day advance to trade above $71 a barrel amid optimism that rising demand will tighten the global market.
Another extension given for potential Augean takeover bid
A further extension has been given to banking giant Morgan Stanley Infrastructure to make an offer for waste management company Augean or walk away.
Transocean rig could keep drilling off Myanmar for POSCO
Transocean’s Deepwater Nautilus semi-submersible unit looks set to keep drilling offshore Myanmar for South Korea’s POSCO after the Swiss-based driller announced a contract extension.
Shell puts Malaysian upstream assets on sale
Shell has officially launched the sale of its shares in oil and gas fields it does not operate offshore Malaysia, according to a document seen by Reuters.
Geophysical giants start seismic sweep offshore Sarawak
A consortium of PGS, TGS and WesternGeco have secured funding for a 6,400 sq km multi-client 3D seismic survey starting in October in the Sarawak basin offshore Malaysia.
The Saudi prince of oil prices vows to drill ‘every last molecule’
Prince Abdulaziz bin Salman is the most powerful man in petroleum. The Saudi oil minister navigates unruly OPEC+ nations, huge swings in prices — and the end of fossil fuels.
Talks to let double-jabbed oil workers bypass Covid isolation
Discussions are ongoing that could avoid swathes of North Sea oil workers having to return home in the event of a Covid-19 breakout.
UK sanctions Equatorial Guinea VP, Zimbabwe exec
The UK has announced new sanctions against five people, including officials in Equatorial Guinea and Zimbabwe.
Iran opens Hormuz bypass with Jask terminal
Iran has opened a new export terminal in Jask, in the south of Iran, allowing it to bypass the Straits of Hormuz.
Quebec kills LNG plan citing IEA net zero plans
Quebec has officially rejected a proposed LNG export project, citing the International Energy Agency’s (IEA) net zero report from May.
Greenpeace Rainbow Warrior heads back to Aberdeen for ‘Just Transition’ event
The Greenpeace Rainbow Warrior ship will be back in Aberdeen on Saturday to host a panel discussion on the need for a “just transition” for oil workers.
Centrica ‘simplifying’ Spirit Energy sales process
Utilities firm Centrica said today that it was simplifying the sales process for its upstream exploration and production (E&P) business, Spirit Energy.
Dutch Govt gets behind North Sea green hydrogen pilot
A North Sea green hydrogen project, which could set the region on its way to being a “new energy hub, has received backing from the Dutch Government.
Baker Hughes trims losses in second quarter
Baker Hughes trimmed its losses in the second quarter as drilling activity continued to rebound from the pandemic-driven oil bust.
Technip FMC improves full-year expectations following ‘strong’ quarter
TechnipFMC has increased its full-year expectations on the back of a strong start to 2021, as well as “continued improvement” in the broader market outlook.
Awilco Drilling unsuccessful in its appeal against HMRC over tax bill
Awilco Drilling has been unsuccessful in its appeal against Her Majesty’s Revenue and Customs (HMRC) over a £6.8 million tax bill.
FAR capital return to sweeten pill on trading resumption
Australian minnow FAR has announced plans to return cash to shareholders, while still going ahead with drilling a well off The Gambia.
Temasek defends green goals after backing Singapore polluters
It might seem contradictory to invest in carbon-emitting polluters while pledging to be an eco-trailblazer, but that’s exactly what Singapore state investor Temasek Holdings, which owns shares in two of the world’s largest rig builders, is attempting to do.