Offshore news
Borr Drilling completes financial restructuring
Borr Drilling will now delay delivery of five newbuild jack-up rigs until mid-2022.
Aker Energy reaffirms commitment to Pecan field development
Although a FID for the project is on hold, Aker Energy has said it is working actively to confirm the feasibility of a phased field development by executing conceptual studies.
BP and Premier Oil agree new terms for North Sea assets sale
Premier Oil will pay BP a reduced fee of US$210 million for the Andrew Area and Shearwater assets.
Axxis Geo Solutions signs contract extension with Equinor
The additional work will commence directly after the conclusion of a previously announced contract, and will last approximately two weeks.
Empyrean given further 12 months for exploration drilling offshore China
The first phase of the exploration period at block 29/11 has been extended to 12 June 2022.
Cluff Natural Resources and Shell committed to drilling North Sea prospects
Exploration drilling is anticipated to commence at the Pensacola gas prospect in 2H21 and in 2022 at the Selene gas prospect.
Gazprom and RusGazDobycha reach FID on Semakovskoye gas field
The Semakovskoye field in the Yamal-Nenets Autonomous Area has recoverable gas reserves in excess of 320 billion m3.
KrisEnergy suspends production at Wassana oilfield
KrisEnergy has attributed the suspension to the economic uncertainty generated by the Covid-19 pandemic and the current state of oil prices.
Siemens to supply equipment for large-scale gas field development offshore Malaysia
Siemens Gas and Power is to supply three SGT-300 industrial gas turbine generators (GTG), three mechanical-drive SGT-300 gas turbines and three DATUM centrifugal compressors.
Rystad Energy: reserves of global oil and gas assets for sale above 12.5 billion boe
Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 billion bbl of liquids and 7.5 billion boe of natural gas, Rystad Energy estimates.