TGS ASA, a global provider of energy data and intelligence, has announced that it has been named a successful bidder in the auction process conducted in connection with ION Geophysical Corporation’s (ION) Chapter 11 bankruptcy case pending in the United States Bankruptcy Court for the Southern District of Texas.  As a result, TGS will acquire certain assets […]

TGS ASA, a global provider of energy data and intelligence, has announced  that it has acquired Prediktor AS, a leading provider of asset management and real-time data management solutions to renewable and energy asset owners. Established in 1995, the company has carried out thousands of installations on mission-critical industrial and energy assets on all seven […]

The Saltend Power Station Equinor and SSE Thermal are stepping up ambitions to contribute to decarbonisation in the UK. The companies are buying power company Triton Power from Energy Capital Partners (ECP), an energy-transition infrastructure investor, and are starting preparations to use hydrogen in the Saltend Power Station. The key plant included in the purchase […]

TGS, a global provider of energy data and intelligence, today announced a new seismic reprocessing project designed to secure exploration success in the Western Margins of the Central North Sea. This project will see the reprocessing of 3,500 square kilometers of data in the Greater Catcher Area covering quads 21, 28, and 29 of the […]

Borr Drilling Limited   has signed a binding letter of intent with an undisclosed third party for the sale of 3 high-specification units under construction with Keppel FELS shipyard – namely “Tivar”, “Huldra” and “Heidrun” (the “Transaction Rigs”). The sale transaction is subject to customary closing conditions and procedures and is expected conclude within 30 days. […]

Woodside and Armada Balnaves Pte Ltd (Bumi) a Malaysia-based international offshore oilfield services provider  have been engaged in the Western Australian Supreme Court proceedings brought by Bumi (Armada Balnaves Pte Ltd v Woodside Julimar Pty Ltd CIV/1408/2016) with respect to Woodside’s termination in March 2016 of the services agreement for the Armada Claire FPSO.  The […]

Sequel to its super global merger with Maersk Drilling, Noble Corporation announced that it has entered into an asset purchase agreement to sell five jackup rigs for $375 million to a newly formed subsidiary (Buyer) of Shelf Drilling, Ltd. (Shelf Drilling) whose obligations under the asset purchase agreement will be guaranteed by Shelf Drilling (the […]

Seadrill Limited said it has been awarded contract extensions for the AOD I, AOD III and West Callisto for work offshore in the Arabian Gulf. The firm term of each contract is three years with commencement in direct continuation of the current contracts. AOD I, AOD III and West Callisto are now committed to June […]

Panoro Energy a Norwegian exploration and production oil company has just made changes at the head of its three African subsidiaries. Particularly in Gabon, Tunisia and Equatorial Guinea. Thus the Gabonese Ghislain Boukoubi was appointed general manager of the Gabonese subsidiary. While Sofiane Gaied takes over the management of the Tunisian subsidiary, and Antonino Edjang Ondo that of […]

APA Corporation today announced flow test results from the Krabdagu exploration well (KBD-1) on Block 58 offshore Suriname. APA Suriname holds a 50% working interest in the block, with TotalEnergies (TTE), the operator, also holding a 50% working interest. Flow test data collected in the two lower intervals, the Upper Campanian and Lower Campanian, indicates […]