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  • Malaysia’s MISC secures FSO charter with Hess worth $441M

    Malaysia’s MISC Berhad has signed a long-term charter contract with Hess Exploration and Production Malaysia for the lease of a floating, storage and offloading facility (FSO) known as FSO Mekar Bergading on a bareboat basis. MISC said in a Bursa Malaysia filing on Friday that the co...

  • Hurricane wraps up well completion operations on Lancaster

    UK-based Hurricane Energy has finished well completion operations for the Early Production System on the Lancaster field (Lancaster EPS), located in the West of Shetland area, in the UK. Hurricane said on Friday that the well completion operations were done and that the Paul B. Loyd J...

  • Long-term rise forecast for oil even as Trump tweets on supply

    President Donald Trump’s weekend of oil diplomacy offered mixed messages on supply, and conflicting responses from analysts who predicted a short-term price drop but said a rebound was due in the long run. Crude was little changed in New York at 6:54 a.m., after earlier losing ...

  • ADNOC dishes out contract for full development of Bu Haseer offshore field

    Al Yasat, a subsidiary of the Abu Dhabi National Oil Company (ADNOC) has awarded an engineering, procurement and construction (EPC) contract for the full development of the offshore Bu Haseer field to Abu Dhabi’s National Petroleum Construction Company (NPCC). The agreement covers en...

  • Rystad: Borr helping entire jack-up market by pushing up utilization levels

    Analysis by Rystad Energy shows that Borr Drilling would emerge with the largest and youngest jack-up fleet if rigs over 35 years were retired in the short term. An overview of Borr’s rig purchases. Source: Rystad Energy Marketed utilization rates would also rebound to 89% by 2...

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