Fossil Energy
Equinor faces safety order after serious lifting incident in Norway
Equinor has been served with a notice of order from the country’s offshore safety agency following a serious lifting incident on the Oseberg B platform.
OPEC lowers 2020 oil demand forecast
The Organization of the Petroleum Exporting Countries (OPEC) has lowered its 2020 oil demand forecast to negative -9.8 million barrels a day.
Norway: Oil firms ramp up 2021 investment plans
A survey by the Norwegian statistics bureau SSB has revealed that oil and gas companies in Norway have boosted investment plans in recent months.
Energean’s Karish project 85 pct complete
Greek oil and gas company Energean has completed 85 per cent of its Karish project offshore Israel.
Ithaca moves forward with plans to develop North Sea field as subsea tie-back
Ithaca Energy is moving forward with its plans to develop the Abigail field, located in the UK North Sea as a subsea tie-back.
Report confirms progress in safety of offshore oil and gas operations in Europe
The European Commission has seen progress in the safety of offshore oil and gas operations following the implementation of the safety directive.
Equinor to boost Johan Sverdrup output
Equinor’s Johan Sverdrup field is increasing its daily production capacity, expecting to reach around 500,000 barrels of oil per day by the end of the year.
Global upstream M&A deals to gain momentum for the rest of 2020?
Following the Covid-19 pandemic and the oil price crash in early 2020, for some players in the oil and gas sector consolidation may be the only way to stay solvent.
AGR begins decommissioning work on Kinsale field off Ireland
Energy services company AGR has begun decommissioning work on Ireland’s first indigenous gas wells on PSE Kinsale Energy’s gas fields in the Celtic Sea.
Lundin bites dust at Polmak well
Swedish oil and gas company Lundin has not been able to find any hydrocarbons at the Polmak well exploration well in the Barents Sea offshore Norway.
SBM Offshore orders electrical cables for Mero 2 FPSO
Marine and offshore electrical cables manufacturer CCI CableService has been awarded a contract by SBM Offshore for the supply of cables for the new FPSO Sepetiba set for the Mero 2 project.
Rystad: Discovered oil and gas resources to reach 10 billion boe in 2020
Despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in decades, exploration activity has been resilient this year with discovered resources set to hit 10 billion boe in 2020.
Trans Adriatic Pipeline springs into action
The 878-km Trans Adriatic Pipeline (TAP) has kicked off commercial operations following four and a half years of construction.
Aker Solutions launches call to action to accelerate energy transition
In a bid to accelerate the transition to sustainable energy production, Aker Solutions has launched a call to action urging industry, authorities, and society to work together to achieve common goals.