Fossil Energy

Sovcomflot withdraws Vyacheslav Tikhonov redelivery with Polarcus
Russian company, Sovcomflot, has withdrawn redelivery notice for Vyacheslav Tikhonov seismic vessel with Polarcus. In December of last year the companies agreed to postpone the redelivery of the vessel until the completion of work which Sovcomflot secured in Asia. The redelivery was expected in Q2 2

Aker BP hands in Hod development plans
Norwegian oil and gas company Aker BP has submitted the plan for development and operation (PDO) for Hod to the country’s Ministry of Petroleum and Energy.

UK well specialist sets up Norwegian unit
Aberdeen-headquartered Exceed, a well management and performance improvement specialist, has established a Norwegian subsidiary, Exceed Norge.

Norway to offer 136 new blocks in upcoming licensing round
The Norwegian Ministry of Petroleum and Energy has announced its plans to offer up to 136 new oil exploration blocks in Norway’s 25th licensing round.

Neptune decommissions three platforms in Dutch North Sea
Oil and gas company Neptune Energy has decommissioned the L10-C, L10-D and L10-G platforms from the Dutch sector of the North Sea.

Repsol taps DeepOcean for Yme Beta North tieback
DeepOcean has secured an EPCI contract for marine operations on Repsol’s tieback of Yme Beta North reservoir to existing facilities. The award to DeepOcean covers project management, engineering, construction and offshore installation activities. The offshore work includes marine operations for inst

Irregularities found during ‘Maersk Inspirer’ AoC application audit
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found irregularities during an audit regarding Maersk Drilling’s application for an acknowledgement of compliance for Mærsk Inspirer.

BP invests in Satelytics as part of methane reduction strategy
Oil major BP has invested $5 million in Satelytics, a geospatial analytics software company that uses advanced spectral imagery and machine learning to monitor environmental changes, including methane emissions.

Keppel starts arbitration to resolve rig dispute with Awilco
Keppel has started an arbitration process to resolve a dispute with Awilco Drilling related to a termination of a rig construction contract.

LOC scores Johan Sverdrup job with Equinor
International marine and engineering consulting firm LOC Group has been awarded a new scope of work with Norwegian oil major Equinor.

TechnipFMC lands $187 million worth of new jobs with Equinor
Equinor has awarded two contracts and issued a letter of intent to TechnipFMC for pipelaying and subsea installation for three projects in Norway.

Corrected: Shell doesn’t expect Prelude FLNG restart before Q3
LNG giant Shell is not expecting to restart production at its Prelude FLNG facility offshore Western Australia before July. Shell hasn’t exported any cargoes from the FLNG for almost five months following an electrical trip on February 2. “Start-up timing will depend on Covid-19 constraints and comp

Neptune Energy to axe 400 jobs over Covid-19 and lower oil prices
Neptune Energy has decided to reshape the size of its global organisation due to the combined impact of the COVID-19 pandemic and the anticipation of lower commodity prices for a longer period of time.

Lukoil begins drilling several Caspian Sea prospects
Russian oil and gas company Lukoil has started drilling of an exploration well at the Shirotno-Rakushechnaya prospect, located to the north of the V.I. Grayfer field in the Caspian Sea.