Fossil Energy
BP profit slips on demand destruction and low prices
BP reported a significant decline in its quarterly profit due to lower prices and the destruction of oil demand by the coronavirus crisis.
Hurricane gets more time to gather Lincoln data while seeking field determination
Due to the coronavirus pandemic, Hurricane Energy has received an extension of a deadline to plug and abandon the Lincoln Crestal well off the UK, which will allow it to gather more data and further insight into the reservoir behaviour.
Wellesley hires Dolphin rig for North Sea campaign
Dolphin Drilling will carry out a programme of North Sea drilling work for Wellesley Petroleum.
GALLERY: Final turret modules for Johan Castberg FPSO head to Singapore
The last two modules for Equinor’s Johan Castberg FPSO turret mooring system have sailed away from Dubai to Singapore.
Red ink for Kvaerner as coronavirus costs bite
Affected by coronavirus costs and provisions, Kvaerner sank to a loss in the first quarter of the year compared to a profit in the year-before quarter.
Two new faces to join board of UK’s oil and gas regulator
The UK’s oil and gas industry regulator, Oil and Gas Authority (OGA), has named two new non-executive directors to its board of directors.
Eni posts $3 billion loss, lowers production target due to capex cuts
Eni booked a net loss of over $3 billion in the first quarter of the year due to the overlapping effects of the coronavirus pandemic and the oil price collapse.
Perenco files decommissioning plan for four Amethyst topsides
Oil and gas company Perenco has submitted its draft decommissioning programs for four Amethyst gas field topsides to the UK authorities.
Seabed Geosolutions puts Eidesvik’s vessel on standby
Eidesvik Offshore and Seabed Geosolutions have agreed to amend the contract for the node-handling vessel Subsea Viking, putting it on standby.
i3 Energy in talks with noteholders to waive condition for Liberator funding
i3 Energy is in talks with its noteholders to waive its previously agreed condition, requiring it to enter into a lending facility or find alternative means to fund its Liberator development by the end of April.
Maersk Drilling to reduce offshore crew as North Sea rigs go into stack mode
Maersk Drilling has decided to stack a number of its North Sea drilling rigs to adapt to the changing market environment.
‘Founding father’ of Soviet oil industry and Lukoil chairman passes away
Long-time chairman of Russian oil and gas company Lukoil and “founding father” of the Soviet oil industry has passed away following a long illness.
Impairments in offshore drilling drag Saipem into the red
Italian oilfield contractor Saipem sank into the red in the first quarter of the year dragged down by impairments in the Offshore Drilling division.
Neptune comes up dry at Norwegian Sea well
Neptune Energy has drilled a dry well near the Heidrun field in the Norwegian Sea.