Fossil Energy
Ithaca shuts down North Sea platform over Covid-19 outbreak
Production on the Ithaca Energy-operated platform located in the North Sea has been shut down due to a Covid-19 outbreak.
Equinor, Nordic Unmanned to study offshore oil and gas drone use
Norwegian oil major Equinor has hired compatriot data solutions company Nordic Unmanned to conduct a study on how remotely piloted aircraft systems (RPAS) could be used in an offshore setting.
Baker Hughes back in black after three quarters
Oilfield services major Baker Hughes has booked $653 million profit in the fourth quarter of 2020, against $48 million same time last year. This result also marks the company’s return to profit after posting third loss in a row at the end of Q3 last year. Nevertheless, Baker Huges reported adjusted
Serica Energy gets Rhum license renewal
UK oil and gas company Serica Energy has received a renewed license and secondary sanctions assurance from the U.S. Office of Foreign Assets Control (OFAC) relating to the North Sea Rhum field in which the company has a 50 per cent interest.
Rystad: Oilfield services sector will struggle to repeat former glory amid energy transition push
The Covid-19 pandemic caused the value of 2020’s awarded contracts to slump to a 16-year low, according to Rystad Energy.
Energean could push back first gas from Karish to 2022
Oil and gas company Energean has informed that first gas from its Israeli fields could start flowing in the first quarter of 2022, instead of the current target of around year-end 2021.
Wintershall Dea curbs Dvalin gas flows over mercury issues
Wintershall Dea has decided to postpone the commercial gas production from its Dvalin field due to a high level of mercury in the gas flow.
NEO Energy in talks to buy ExxonMobil’s North Sea assets
HitecVision’s NEO Energy has entered into exclusive negotiations to buy ExxonMobil’s upstream assets located in the central and northern North Sea.
EnQuest takes over Bressay field operatorship
Oil and gas company EnQuest has completed the acquisition of the Bressay field interest from Equinor and taken over field operatorship.
Dolphin rig lands new deal in Norway
Dolphin Drilling has secured another rig contract with a new Norwegian operator. This time with INEOS Energy on the Norwegian Continental Shelf.
UK offers best profitability for development of big offshore fields, Rystad says
The UK offers operators best profit conditions to develop big offshore fields and Kuwait and Canada follow, according to Rystad Energy.
UK subsea sector optimism continues to improve
The latest survey on the UK’s Subsea sector has revealed an improved outlook for the industry with less anticipated redundancies, greater optimism and new geographical markets. Industry body, Subsea UK, surveyed its 300 members in early July and then again in late November 2020 to provide insight in
U.S. imposes sanctions on vessel set to work on Nord Stream 2 pipeline
The United States on Tuesday imposed sanctions on a ship involved in building the Nord Stream 2 pipeline, as the Trump administration sought to raise pressure on the project on its last day in office.
New pipeline to boost Israel’s gas export to Egypt
Partners in Israel’s largest natural gas fields Leviathan and Tamar will invest in new pipeline system to export the fuel to Egypt. Chevron, as the operator of both gas fields, has entered into an agreement with Israel Natural Gas Lines (INGL) for the provision of transmission services of natural ga