Fossil Energy
Aker BP eyes offshore wind-oil & gas combo in Norway
Aker BP is planning to explore the opportunity of using offshore wind energy at new oil & gas development areas offshore Norway. Aker BP and Equinor recently entered into an agreement in principle on commercial terms for the coordinated development of the licenses Krafla, Fulla, and North of Alvheim
BP assets to take up to $17.5 billion hit as it lowers oil price forecast
Oil giant BP is expecting massive reductions to asset values during the second quarter of 2020 as a result of the combined hit of the oil price plunge and the COVID-19 pandemic.
Scotland sets up $78M oil and gas support fund with greener future in mind
The Scottish government has set up a 62 million-pound ($78 million) fund to help the energy sector recover from the economic impacts of COVID-19 and the oil and gas price crash.
Vår Energi taking Jotun FPSO ashore to kick off Balder Future project
Oil and gas company Vår Energi is taking the Jotun FPSO ashore for upgrading to start the first stage of the life-extension process for the Balder Area in the North Sea.
Sakhalin Energy shuts one LNG train for maintenance
Russia’s Sakhalin Energy has closed only one LNG train at the Gazprom-operated Sakhalin-2 facility for planned maintenance due to challenges associated with the Covid-19 coronavirus pandemic. The maintenance also includes the Lunskoye-A offshore platform that produces the majority of the gas for the
Neptune Energy set to drill two North Sea wells
The Norwegian Petroleum Directorate has granted Neptune Energy a drilling permit for two wildcat wells in the North Sea off Norway.
Dutch shipyard picks Ampelmann gangway for new icebreaker
Ampelmann has secured a contract from Royal Niestern Sander for the sale of a winterised A-type motion compensated gangway system.
Upstream spending set for 15-year low as it falls from lower mountain to deeper valley, Rystad says
Global spending is now forecasted to reach $383 billion this year, the lowest level in 15 years and a staggering 29 per cent decrease of $156 billion compared to 2019, according to Rystad.
Aker forms joint venture with Ocean Yield for seven tankers
Norwegian industrial investment company Aker Capital AS has entered into an agreement with compatriot shipowner Ocean Yield ASA for co-ownership of oil tankers.
UK urged to exempt offshore workers from COVID-19 quarantine restrictions
The Offshore Industry Group is urging the UK Government to exempt all offshore energy sector workers from the recently introduced 14-day quarantine restrictions. The group, comprising IADC, IAGC, IMCA, IOGP and ISOA, is calling upon governments to recognize offshore energy sector workers as “key wor
Solstad Offshore secures North Sea work for PSVs
Solstad Offshore has been awarded contracts for two platform supply vessels by an unnamed North Sea operator.
Shell taps AF Gruppen for Curlew FPSO decom job
AF Gruppen has been awarded a contract by Shell for dismantling and recycling of the Curlew FPSO, which operated in the UK North Sea.
Authorities assessing Shell’s Gaupe tieback decommissioning plan
UK authorities are assessing the plan for the decommissioning of the infrastructure associated with Shell’s Gaupe field subsea tieback.
Neptune Energy’s VP of exploration set to leave
The vice-president of exploration and development at oil and gas company Neptune Energy has opted to leave her role in the fall of 2020.