Fossil Energy
Aker BP gains consent to use Maersk Invincible rig on Valhall field
Norwegian oil company Aker BP has received consent from the Petroleum Safety Authority (PSA) for plugging and removal work at the Valhall drilling platform using the Maersk Invincible drilling rig.
Subsea 7 cutting 3000 jobs
Subsea 7 has issued further details of its workforce and fleet reduction initiative announced earlier this year. Namely, the offshore engineering firm predicts overall workforce reduction of approximately 3,000 by the end of the second quarter 2021. Subsea 7 also said that two-thirds of the reductio
Siem Offshore gets breathing room after standstill deal with lenders
Siem Offshore has found a way to improve its cash flow and liquidity to be able to operate in a challenging offshore market.
Neptune pushes back several project start-up dates despite ‘strong quarter’
Despite the challenges of COVID-19 and weaker commodity prices, Neptune had a strong first quarter but still decided to push back several project start dates to smoothen investments through 2020-2022.
Continued scrapping of rigs needed to balance demand and supply, Maersk Drilling says
Maersk Drilling believes that continued rig scrapping is needed to obtain a healthier balance between rig demand and supply.
OMV ready to drill Norwegian Sea well after getting green light from regulators
OMV is ready to drill an appraisal well in the Norwegian Sea following an offshore safety approval for the use of a rig and the receipt of a drilling permit from Norwegian authorities.
UK approves plan for removal of floaters from North Sea fields
UK authorities have approved the plan for the removal of the Petrojarl Banff FPSO and Apollo Spirit FSO from Canadian Natural Resources’ Banff and Kyle fields in the UK sector of the Central North Sea.
Hurricane granted more time for UK well work
Hurricane Energy’s request to extend the deadline for activities planned on the Lincoln license off the UK has been approved by UK authorities.
Petrofac kicks off well decommissioning job in UK
Petrofac’s Engineering & Production Services business has begun the activity on its previously awarded well decommissioning contract for the Rubie and Renee fields located off the UK.
GALLERY: Island Offshore starts Johan Castberg anchor system job
Island Victory, Island Offshore’s installation vessel, has started work on an enormous anchor system being deployed at Equinor’s Johan Castberg field in the Barents Sea.
TGS starts Atlantic Margin 20 seismic shoot
TGS has started the acquisition of Atlantic Margin 20 (AM20) 3D multi-client seismic project offshore north-west Europe. The AM20 survey covers the latest APA19 awards in the Norwegian Sea and extends west into open acreage. This data will provide E&P companies with an interest in the ongoing awards
Prosafe dives deeper into the red over impairment charges
Prosafe sank deeper into the red in the first quarter of 2020 due to impairment charges resulting from the oil price collapse and the coronavirus pandemic.
World’s largest construction vessel gets first-ever drone delivery
Allseas’ giant Pioneering Spirit offshore construction and decommissioning vessel was the home of the first-ever drone to vessel delivery in the Netherlands last week.
Delek sells rights to royalties from Karish and Tanin fields
Delek Group and Delek Energy have signed an agreement with a third party for the sale of the rights to royalties regarding 26.4705 per cent of rights in the Karish and Tanin leases for oil, gas, and other valuable materials produced and processed at the leases.