Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

Acquisition of additional interest in Cygnus Field

Fossil Energy – Acquisition

Ithaca Energy has signed a sale and purchase agreement to acquire an additional 46.25% stake in the Cygnus gas field from Spirit Energy for a purchase price of  $154 million.

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Well-Safe Solutions signs North Sea contracts worth US$25 million

Fossil Energy – Decommissioning

Well-Safe Solutions was awarded two new contracts totaling $25 million for well decommissioning activity in the UK Continental Shelf for Spirit Energy and an additional global operator using the Well-Safe Protector jack up and Well-Safe Defender semisubmersible.

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Well-Safe Defender heading out to North Sea for first decommissioning job

Fossil Energy – Decommissioning

Following the completion of plug and abandonment (P&A) specific upgrades, the Well-Safe Solutions-owned semisubmersible Well-Safe Defender is heading out to the UK North Sea to carry out a P&A campaign for Spirit Energy.

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