Fossil Energy
Johan Sverdrup field to reach plateau production earlier than expected
The Equinor-operated Johan Sverdrup field in the North Sea is expected to reach plateau production for the first phase in early May, earlier than anticipated.
Siccar Point delays sanction date for Cambo project due to coronavirus
Siccar Point Energy has decided to defer its planned sanction date for the Cambo project, located West of Shetland, to 2021 in light of the unprecedented worldwide macroeconomic dislocation resulting from Covid-19.
FAR and Woodside reach settlement in Senegal dispute
Australian FAR Limited has reached a settlement with compatriot Woodside related to Woodside’s entry into the Sangomar project, located offshore Senegal.
Norway to include 36 new blocks in this year’s offshore licensing round
Norwegian Ministry of Petroleum and Energy has proposed to include 36 new blocks in this year’s licensing round in the well-known parts of the Norwegian Continental Shelf – Awards in Predefined Areas (APA) 2020. The proposal is now sent on a public consultation, the ministry said on Monday. “In thes
Cameroon: Thali farm-out, well drilling on hold as PSC enters force majeure
Oil and gas company Tower Resources has delayed the completion date for its Thali PSC farm-out over coronavirus pandemic but hopes to start drilling the Njom-3 well before mid-September.
Tendeka wins completion job on Mubadala’s Thai field trio
Independent completions service company Tendeka has signed a three-year contract with Mubadala Petroleum to supply sand-face completion equipment in Thailand.
U.S. weekly offshore rig count inches down
The U.S. active offshore rig count last week dropped by one unit compared to the previous week, Baker Hughes Company said on Friday in its weekly rig count report.
Popular news, March 23 – 29, 2020
Offshore Energy Today’s most popular news of the past week.
Project sanctions take the hit as Woodside halves spending plans
Australian energy giant Woodside has made a decision to reduce its total expenditure for 2020 by 50% as a response to the uncertainty in the global environment. As a result, final investment decisions for several projects will be impacted. The current uncertain global investment environment arising
Spirit Energy boosts output at two North Sea fields
Following successful offshore drilling campaigns, oil and gas company Spirit Energy has boosted production from two North Sea fields.
BP charters Foinaven FPSO for up to ten years
Teekay, which has recently decided to change its name to Altera Infrastructure, has entered into a new bareboat charter contract with the Foinaven operator, a subsidiary of BP, for the Petrojarl Foinaven FPSO.
Cairn Energy makes ‘significant’ reductions to capex. All exploration activity deferred
Cairn Energy has made significant reductions and deferrals regarding its 2020 program, representing an overall 23 percent reduction in capital expenditure for the year.
EMGS to keep only skeleton crew after entering into cost-saving mode
Sharp oil price drop and the global coronavirus pandemic have pushed Norwegian seismic survey company EMGS to operate in a low-cost setup to preserve sufficient liquidity.
Offshore worker evacuated from FPSO tests positive for coronavirus
Hurricane Energy has confirmed that a crew member on the Aoka Mizu FPSO at the Lancaster field has been evacuated to the mainland for medical reasons and subsequently tested positive for COVID-19.