UK oil and gas company Corallian and its joint venture partners, Upland Resources and Baron Oil, have signed a work-sharing and confidentiality agreement with an undisclosed “large European E&P company” for licence P2478 in the Inner Moray Firth which could lead to a future farm-out deal.
A new study shows tidal power may be a significant resource for Faroe Islands to balance other renewable energy sources. This is the preliminary result of a PhD project on the energy balance and stability of the Faroese electrical system. PhD researcher, Helma Maria Tróndheim, said:“So far the resul
Neptune Energy has kicked off its Fenja drilling campaign, located offshore Norway, following the spud of the first well.
OKEA sank deeper into the red in the first quarter of the year affected by lower oil and gas prices and sales volumes resulting in impairments of over $60 million.
Due to the coronavirus pandemic, Hurricane Energy has received an extension of a deadline to plug and abandon the Lincoln Crestal well off the UK, which will allow it to gather more data and further insight into the reservoir behaviour.
Dolphin Drilling will carry out a programme of North Sea drilling work for Wellesley Petroleum.
The last two modules for Equinor’s Johan Castberg FPSO turret mooring system have sailed away from Dubai to Singapore.
Eni booked a net loss of over $3 billion in the first quarter of the year due to the overlapping effects of the coronavirus pandemic and the oil price collapse.
i3 Energy is in talks with its noteholders to waive its previously agreed condition, requiring it to enter into a lending facility or find alternative means to fund its Liberator development by the end of April.
Maersk Drilling has decided to stack a number of its North Sea drilling rigs to adapt to the changing market environment.
Neptune Energy has drilled a dry well near the Heidrun field in the Norwegian Sea.
Valaris has seen a number of its drilling contracts terminated and day rates slashed as oil and gas operators are looking to reduce costs.
Singapore’s offshore rig builder Keppel Offshore & Marine has delivered a newbuild jack-up rig, named Hild, to Borr Drilling.
The U.S. Securities and Exchange Commission is closing its investigation into Eni related to its involvement into a license located offshore Nigeria as well as its activities in Congo.
