Offshore Shallow Water News - page 9

 

Red Emperor Won't Exercise Option to Buy Perth Basin Block Stake

Jun 08, 2020

Oil and gas company Red Emperor Resources NL will not be exercising its option to acquire a 70% operated interest in the Perth Basin exploration permit, WA-481-P, offshore AustraliaThe company had in late 2019 agreed to fund the completion of…

Hokchi Terminates Grupo R Jack-Up Rig Deal Early

Jun 05, 2020

Hokchi Energy, a subsidiary of Argentina's Pan American Energy, has terminated the charter of Grupo R's jack-up rig Cantarell III earlier than originally planned.Having arrived from Singapore earlier this year, the newbuild offshore drilling…

Lukoil Installs Accommodation Platform Jacket at Caspian Sea Field

May 25, 2020

Russian oil company Lukoil has completed the installation of a jacket for an accommodation platform topside at the V.I. Grayfer field in the Caspian Sea. The offshore operations involved 110 workers and nine vessels, Lukoil said Monday.The facility…

ConocoPhillips to Use Rowan Norway Jack-Up for Ekofisk P&A

May 25, 2020

Oil company ConocoPhillips has been given permission to use the Rowan Norway jack-up unit at its Ekofisk field in the Norwegian sector of the North Sea.The consent was granted by the Petroleum Safety Authority Norway and relates to the plugging…

Malaysia: Tanjong Baram Field Contract Terminated

May 22, 2020

Malaysia's Uzma Energy Ventures has said that the Tanjong Baram small field risk service contract between Petronas and Uzma & EnQuest joint venture has been terminated.The contract's objective was to develop and produce petroleum from the Tanjong Baram field…

Repsol Given Green Light to Use Maersk Inspirer at Yme

May 19, 2020

Spanish oil company Repsol has been given a green light to use the Maersk Inspirer jack-up rig at the Yme field, in the North Sea, offshore Norway.The consent, granted by the Petroleum Safety Authority Norway, to connection, completion, and…

ODE Selected as Duty Holder at Babbage Platform

May 18, 2020

Offshore service provider ODE, part of DORIS Group, has won a duty holder contract from NEO Energy (NEO) for the Babbage field in the Southern North Sea.'This is a significant ODE milestone as the first installation and pipeline operator (duty holder) appointment in the UK Continental Shelf (UKCS)…

Shelf Drilling Posts $185M 1Q Loss. Cuts Headcount, Exec Pay

May 14, 2020

Shelf Drilling, one of the world's largest jack-up rig contractors has reduced headcount and executive compensations, as a response to a dire situation in the offshore drilling market caused by low oil prices and the Covid-19 pandemic.The company on Wednesday posted a $184…

Petrobras Looking to Sell Manati Field Stake

May 04, 2020

Brazilian oil firm Petrobras is looking for a buyer for its entire stake in the Manati field, in the Camamu Basin, in the State of Bahia.The company on Monday started the opportunity disclosure stage for the stake sale in the shallow water field…

Maersk Drilling Bags 11-Month Extension for Maersk Intrepid Jack-Up Rig

Apr 30, 2020

Danish offshore drilling company Maersk Drilling has won an 11-month contract extension for its jack-up drilling rig Maersk Intrepid with Equinor in Norway, which will see the drilling firm earn more than $100 million.Maersk Drilling said Thursday…

Equinor's Helleneset Offshore Well Comes Up Dry

Apr 30, 2020

Norwegian oil and gas company Equinor has completed drilling of the offshore exploration well Helleneset, formally known as well 30/6-31 S, without finding hydrocarbons.The well was using the West Hercules semi-submersible drilling rig drilled…

Floatel Endurance Extends Martin Linge Stay

Apr 29, 2020

Offshore accommodation specialist Floatel has secured a contract extension for its Floatel Endurance accommodation rig in Norway.The extension is with the Norwegian oil firm Equinor for work at the Martin Linge field, where Equinor is working to bring the field in production…

OKEA: Yme Field Start-Up Might Be Put Off for 2021

Apr 28, 2020

Norwegian independent oil firm OKEA will ask its bondholders for a waiver of bond covenants and sees a risk of the Yme field development being delayed until 2021, the company said on Tuesday.The firm co-founded by Norway's former oil minister…

Jadestone Delays Stag, Montara Drilling

Apr 22, 2020

After recently delaying projects in Vietnam, London-listed oil company Jadestone Energy has decided to postpone infill drilling programs at its Stag and Montara offshore fields in Australia, in a move to reduce cash spending due to the oil price rout…

'Major' North Sea Deal for Rever Offshore with Perenco

Apr 21, 2020

UK-based Rever Offshore has said it has won 'a major' contract win with Perenco the Southern North Sea.The company said the contract was a multi-million-pound one, but did not provide the exact value.According to Rever Offshore, the award is…

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