Fossil Energy
Heerema’s Sleipnir vessel getting busy after landing new installation job
Heerema Marine Contractors has been awarded a contract by HSM Offshore for the transportation and installation of Dana Petroleum’s P11-Unity platform.
GALLERY: Giant Pioneering Spirit vessel removes another Brent platform for Shell
Allseas’ heavy lift vessel Pioneering Spirit has completed its first decommissioning job of this summer, the single-lift removal of Shell’s Brent Alpha platform from the North Sea.
Spirit Energy preparing for North Sea wildcat
The Norwegian Petroleum Directorate has granted Spirit Energy a drilling permit for a wildcat well in the North Sea offshore Norway.
Cyberhawk inks five-year software deal with Shell. Becomes oil major’s global drone operator
A remotely operated aerial vehicle (ROAV) inspection and survey company Cyberhawk has secured a five-year, multimillion-dollar software contract with oil major Shell.
Polarcus restructures with 20% headcount reduction
Polarcus is taking further actions to streamline its business and adjust operational capacity to align with current market conditions. This follows on the $15 million cost reduction plan implemented due to the COVID-19 pandemic and oil price volatility. The company has additionally streamlined and r
Seadrill shares start trading on OTC Markets following NYSE delisting
Seadrill has transitioned to quotation on OTC Capital Markets following its delisting from the NYSE with Oslo Stock Exchange now being its primary listing.
Norwegian oil output in May above expectations
Norwegian oil production has been above predictions made by the Norwegian Petroleum Directorate (NPD) for the second month in a row.
OPEC pushes for full conformity in oil output cuts over next three months
OPEC’s Joint Ministerial Monitoring Committee (JMMC) has made assurances of achieving 100 per cent conformity from all participating countries during the next three months.
Equinor gears up for pilot hole in North Sea
Equinor has received consent from the Petroleum Safety Authority (PSA) for exploration drilling in the North Sea using the Deepsea Atlantic rig.
Rystad: Oilfield services demand to drop by 25 per cent due to Covid-19 downturn
The Covid-19-caused downturn is set to cause a 25 per cent yearly drop in global demand for oilfield services (OFS), a Rystad Energy analysis shows.
Norway launches APA 2020 offshore licensing round
The Norwegian Ministry of Petroleum and Energy announced the APA 2020 licensing round on Friday, comprising the predefined areas with blocks in the North Sea, the Norwegian Sea, and the Barents Sea.
Perenco advances Pickerill decommissioning with topsides removal
Decommissioning services specialist Petrodec has completed skidding operations for the topside removal of Perenco’s Pickerill A unmanned platform, located offshore the UK.
Rystad: 282 billion barrels to stay in the ground as Covid-19 hastens peak oil
In its global energy outlook, Rystad Energy revealed that the Covid-19 downturn will expedite peak oil demand, putting a lid on exploration efforts in remote offshore areas and as a result reducing the world’s recoverable oil by around 282 billion barrels.
Neptune Energy set to spud Dugong well in North Sea
Neptune Energy will start drilling the Dugong well, located in the North Sea offshore Norway, by 19 June 2020.