Business & Finance
Shell flags $15-$22 billion Q2 impairments
The Hague-based LNG giant Shell issued an update on its second-quarter outlook, initially issued in the company’s first-quarter results.
Equinor to extend producing life of floater in Norwegian Sea
Equinor has received consent from the Norwegian offshore safety regulator to extend the producing life of Åsgard C FSO located offshore Norway.
Connector Subsea Solutions adds chief finance officer
Connector Subsea Solutions (CSS) has appointed Egil Krukhaug as chief finance officer effective October 01, 2020. Egil Krukhaug, who has 18 years of experience in the oil and gas industry, will be based at the CSS headquarters in Bergan, Norway. “Egil’s experience and competence will complement CSS
Energean excludes Norwegian but keeps UK assets within Edison E&P deal
Energean and Edison have further changed their deal for Energean’s acquisition of Edison E&P’s assets to also exclude the Norwegian subsidiary.
Peterson to continue supporting Shell from Lowestoft base
Peterson has secured a contract extension with Shell to provide quayside, warehousing, and transport services from Peterson’s Lowestoft base in England.
Aker Solutions gets renewal for maintenance and modifications gig in Norway
Oilfield services provider Aker Solutions has signed a two-year contract extension for maintenance and modifications on several Aker BP’s fields offshore Norway. Aker Solutions said on Monday that the fields included in the deal are Ula, Skarv, Valhall, and Tambar. The work under the contract will s
BP sells petrochemicals business for $5Bn ‘to succeed through energy transition’
BP has agreed to sell its global petrochemicals business to INEOS for a total consideration of $5 billion. It is the next strategic step in focusing portfolio as part of reinventing BP.
Aker BP gears up for drilling in Norwegian Sea
Aker BP is set for drilling operations in the Norwegian Sea with the Deepsea Nordkapp rig following approvals from the Norwegian authorities.
OMV Petrom snatches fresh Black Sea block
Romanian oil and gas company OMV Petrom is the winning bidder for an oil and gas exploration block located in the Black Sea, offshore Georgia.
Transborders, SBM ink FLNG pact
Australian independent Transborders Energy has signed a partnership deal with Dutch floating specialist SBM Offshore to develop FLNG projects. The partnership will pursue the deployment of Transborders’ FLNG solution on a range of stranded offshore gas resource opportunities, the Australian company
Borssele Beta cable work to cost TenneT € 50 million more
Works to install the Borssele Beta export cable in the Netherlands will set TenneT back an additional € 50 million after contractors discovered unstable soil along the cable route. Namely, the cable installation contract TenneT signed with NKT and VBMS (now Boskalis Subsea) in 2016/2017 will now be
Norway’s tax relief to boost rig demand but UK demand to take the biggest hit, Rystad says
Norway’s recent tax relief package for the oil and gas industry is expected to cut breakeven prices by 40 per cent, thereby boosting the country’s rig demand while the UK’s plunges.
Power from shore for nearly half of Norwegian oil and gas production
Almost half of the Norwegian petroleum production will soon be run on power from shore as the companies are considering multiple electrification projects that could reduce emissions considerably.
Repsol gets consent to extend North Sea field life
Repsol has been granted consent by the Norwegian offshore safety authority for the life extension of the Rev field, which is located offshore Norway.