Fossil Energy
Maersk rig gets early termination from Dana
Offshore drilling contractor Maersk Drilling has received notice of early termination for convenience of a one-well contract with Dana Petroleum in Denmark.
Norway: 2020 was still strong for oil and gas despite pandemic
Despite the ongoing coronavirus pandemic, activity on the Norwegian continental shelf last year remained at a high level with high production and significant investments in developments and projects on the fields.
Pandemic, electrification bring hydrocarbon demand peak forward to 2027
New research has shown that aggregate fossil fuel demand would peak in 2027 with oil peaking in 2029 and gas in 2037, partially due to the impacts of COVID-19.
Nord Stream 2 pipelaying set to restart. U.S. warns of new sanctions
As Gazprom prepares to continue Nord Stream 2 pipelaying work in Danish waters, the U.S. State Department has again warned European companies of sanctions if they are suspected of helping to build Russia’s new gas pipeline.
OGA to have ‘blended approach’ for license change requests
The UK Oil and Gas Authority (OGA) has decided to take “a blended approach” to licence management which should dampen the effects of the global Covid-19 pandemic.
Third of oil and gas workers saw wages drop in 2020
According to a worldwide survey, almost one-third of workers in the oil and gas industry faced pay cuts in 2020 due to the coronavirus crisis and drop in fuel demand and prices.
Stena to deploy automated reporting and analytics tech across its fleet
Independent Data Services (IDS) has been awarded a fleet-wide deal with Stena Drilling for the fully integrated online reporting and analytics services.
DNV GL removes GL from its name as it braces for change
Norway-based classification society DNV GL has unveiled a decision to change its name to DNV on 1 March 2021.
Norway eyeing deep-sea metal mining future instead of oil
Norway, one of the wealthiest countries in the world due to its oil and gas reserves, is looking to transition to deep-sea mining for copper, zinc, and other metals in high demand in green technologies.
First gas produced from Sillimanite South field
Wintershall Noordzee has started up the production of the D12-B3 well, the Sillimanite South field discovery well located in the Southern North Sea.
Verhagen stepping down as Fugro CFO
Netherlands-based Fugro has informed that its chief financial officer (CFO) Paul Verhagen has decided to leave the company. Verhagen joined Fugro as CFO and also member of the board of management in 2014. He will step down after the annual meeting of shareholders on 22 April 2021. He is up for nomin
Spirit Energy hires Maersk rig for North Sea well
Maersk Drilling has been awarded a contract from Spirit Energy for the jack-up rig Maersk Resolve to drill one development well in the UK North Sea.
New CFO for TechnipFMC
TechnipFMC has named Alf Melin as its new executive vice president and chief financial officer, effective January 25, 2021. Melin has been with the company since 1995 and has held multiple leadership positions in finance, treasury and operations. He currently serves as senior vice president, finance
Premier Oil shareholders sign off on Chrysaor merger
A merger between Premier Oil and Chrysaor has been approved by Premier’s shareholders and the deal is expected to close by the end of 1Q 2021.