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Shell and Aker BP Cancel Maersk Drilling Contracts In April, Maersk Drilling revealed that it had received notice of early termination of two drilling contracts, one with a Shell subsidiary and another with Aker BP. Shell’s subsidiary BG International Ltd terminated a contract for the semi-submersible Maersk Developer with immediate effect and Aker BP terminated a contract for the jack-up rig Maersk Reacher. This article was originally posted on April 21. Read the full article 17/ Justin Bieber Highlights Oil Pain Justin Bieber, one of the world’s best-selling music artists, highlight...

Oil & Gas Stock Roundup: Exxon's Suriname Find, Equinor's Hydrogen Bet & More Zacks.com 12/15/2020 Popular Searches ExxonMobil XOM made an oil and gas discovery offshore Suriname Block 52, while Norway-based Equinor EQNR signed up to Europe’s biggest green hydrogen project; NortH2. Overall, it was a good week for the sector. West Texas Intermediate (WTI) crude futures gained 0.7% to close at $46.57 per barrel, while natural gas prices edged up 0.6% in the week to finish at $2.591 per million Btu (MMBtu). In particular, the oil markets maintained their forward momentum from the previous f...

15 December 2020 12:13 GMT Updated  15 December 2020 12:13 GMT in  London Malaysia’s national oil company Petronas has awarded survey contractor Fugro a two-year contract for positioning services to support its exploration campaign on Block 52 off Suriname. Dutch survey contractor Fugro on Tuesday confirmed that work had started on the challenging contract, the value of which was not disclosed. “Executing these services in a restrictive Covid-19 environment has so far posed multiple operational challenges... as an example, both Suriname and Trinidad & Tobago’s internationa...

Fugro's Positioning Services for Petronas' Suriname Drilling Program Credit: Fugro Dutch offshore services company Fugro has said it has won a contract with Malaysia's Petronas, to provide positioning services for Petronas' exploration program offshore Suriname. The news comes just days after Petronas said it had discovered hydrocarbons in its Block 52, off Suriname.  Under the 2-year contract, which has already started,  Fugro is deploying its Starfix precise positioning solution to help ensure safe and efficient transit, anchoring and drilling activities for the program’s semi-submersib...

ExxonMobil, PETRONAS discover hydrocarbons offshore Suriname ExxonMobil and PETRONAS have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52 offshore Suriname, adding to ExxonMobil’s extensive finds in the Guyana-Suriname basin. The well was drilled by operator PETRONAS, and the discovery is being evaluated to determine its resource potential. Our first discovery in Suriname extends ExxonMobil’s leading position in South America, building on our successful investments in Guyana. We will continue to leverage our deepwater expertise and advanced technology to explore fron...