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Equinor to pay $188 million to COSL after settling rig dispute
2020-01-10 - Offshore drilling contractor China Oilfield Services Limited (COSL) has reached an agreement with Equinor in a dispute related to the validity of the termination of a drilling rig contract. COSLInnovator; Source: COSL The companies will also enter into a new master frame agreement, which enables COSL to provide additional..
Popular offshore industry news in 4Q 2018
2019-01-02 - These were the most read news on Offshore Energy Today during the fourth quarter of 2018. Most read articles in October Ensco and Rowan merger to create world’s biggest offshore drilling company by fleet size Transocean cheers new rig deals Equinor buys Chevron out of Rosebank field Former CEO of SBM ..
Equinor's production unaffected by strike
2018-07-10 - Norwegian oil firm Equinor has said the offshore workers' strike in Norway has not affected Equinor's operated oil and gas output on the Norwegian Continental Shelf. Credit - Harald Pettersen - Equinor - Snorre B To remind, 669 rig and platform workers represented by the Norwegian union SAFE on Tuesday went on a strike..
Norway: Safety body finds irregularities on COSL rig
2018-05-28 - Offshore driller COSL has some work to do to make its COSLInnovator semi-submersible drilling rig fully compliant with the Norwegian regulation. Norway's Petroleum Safety Authority on Friday said it had from 10 to 18 April 2018, carried out an audit of COSL Drilling Europe and the company's follow-up of electrical facilities,..
Lundin: Appraisal well boosts Luno II discovery size
2018-03-26 - Swedish oil company Lundin Petroleum has completed an appraisal well near its Luno II discovery offshore Norway, and the results are better than expected. Lundin on Monday said that the well 16/4-11 in PL359 on the Utsira High in the North Sea had hit a gross oil column of 22 meters in Triassic sandstone with very good reser..
Lundin hires Island Offshore PSV duo for rig support in Norway
2018-03-23 - Swedish oil and gas company Lundin Petroleum has chartered two LNG-powered platform supply vessels from Island Offshore. The contract was awarded to Island Offshore by Lundin’s Norwegian subsidiary Lundin Norway. In its statement on Friday, Island Offshore did not reveal the names of the vessels, however, the company CEO..
Asset Buyout Partners to take over Norwegian port and supply base landlord
2018-03-13 - Asset Buyout Partners (ABP) has agreed to acquire Norwegian port and supply base landlord Mongstad Group from EQT Infrastructure II. Mongstad Group is an owner of infrastructure and real estate and a landlord to high activity oil and gas supply bases located at the ports of Mongstad and Dusavik, supporting about 30 oil and ga..
Lundin cleared to use COSL rig for North Sea well
2018-01-11 - Norwegian offshore safety regulator, the Petroleum Safety Authority (PSA), has given its consent to Lundin to use the COSLInnovator rig for an exploration well offshore Norway.  The exploration well 16/4-11 is located in production license 359 in the North Sea where Lundin is the operator with a 50% interest. Other license..
Lundin gets drilling permit for appraisal well in North Sea
2018-01-05 - The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway a drilling permit for an appraisal well located offshore Norway.  The well 16/4-9 S will be drilled from the COSLInnovator drilling rig in the central part of the North Sea, the petroleum regulator said on Friday. Lundin hired the COSL Drilling-owned semi..
Offshore rig struck by giant wave in 2015 returns to work
2017-07-11 - Lundin Petroleum has hired the COSL Innovator semi-submersible drilling rig for one well offshore Norway. The contract is expected to start in March 2018. Lundin will have an option to extend the contract for eight more wells. "This is another fantastic news to give our organization. We are proud and humbled to be trusted ..