The increase in metal mining needed to address the transition to renewable energy is drawing increasing attention and has led to a proposal to identify critical minerals for energy security options and identify sourcing challenges. There is an elemental strain between the need to scale up ocean-base
Norwegian oil production has dropped below predictions made by the Norwegian Petroleum Directorate (NPD) after being above the limit for two months in a row.
The Organization of the Petroleum Exporting Countries and its allies, also known as OPEC+, have agreed to curb oil supply from August as the global economy recovers from the COVID-19 pandemic.
Vår Energi is resuming its drilling activities in the Barents Sea and the North Sea, which were postponed this spring due to the corona pandemic and oil price collapse.
UK-based Deltic Energy, previously known as Cluff Natural Resources, has received and unequivocally rejected a takeover offer from the compatriot oil & gas investment firm Reabold Resources.
Transocean has received a contract termination for its semi-submersible Paul B. Loyd Jr. in the UK. Furthermore, Transocean said that the delivery of the Deepwater Atlas drillship from a Sembcorp Marine yard could be delayed.
The COVID-19 pandemic has stymied oil and gas activity, a phenomenon which has now affected the drilling market both in terms of wells drilled and in terms of related demand for drilling equipment.
OPEC, Russia, and other oil producers are set to meet on Wednesday to decide on the oil output policy from August onward.
OKEA has signed a sales and purchase agreement with Equinor for the acquisition of Equinor’s 40 per cent operated working interest in two licences offshore Norway, which include the Aurora discovery.
Aker BP booked a higher profit in 2Q 2020 on the back of record-high production despite lower income impacted by low oil prices and the coronavirus pandemic.
Head Energy has been awarded an extension of a frame agreement with Wintershall Dea concerning modifications at the Brage platform offshore Norway.
Equinor has made a minor oil discovery near the Vigdis field in the North Sea offshore Norway.
Dutch operator Tulip Oil has reduced its gas production from the Q10-A gas field located in the Dutch sector of the North Sea due to low gas prices.
Italian oil and gas company Eni has submitted its plans for decommissioning of six platforms on the Hewett field to the UK authorities.
