Fossil Energy
Osprey orders two new barges
Osprey, a UK heavy transport and offshore energy logistics company, will add two new flat-top barges to its fleet in the first quarter of 2021.
Rever Offshore nets Perenco UK contract in North Sea
Rever Offshore has been awarded a major contract from Perenco UK in the Southern North Sea. The contract was awarded as a part of the larger Southern Hub Area Redevelopment Project (SHARP), comprising two campaigns which will take place over the course of the next 18 months. Under the contract, Reve
Delonex Energy boss named as new Tullow Oil CEO
Oil and gas company Tullow Oil has appointed a new chief executive officer (CEO) and executive director of the company.
Seismic industry braces for major revenue drop
Seismic industry will suffer the most as a result of the Covid-19 pandemic and the low oil price. According to Rystad Energy, 2020 revenues could fall between 51 per cent and 77 per cent. Exploration spending could drop by more than 20 per cent from its 2019 levels. The hardest-hit area will be the
TGS finalizes Russian Sea of Okhotsk 2D survey reprocessing
TGS has completed the reprocessing of a 21,631 square kilometres 2D seismic survey offshore Sakhalin Island, in the Russian Sea of Okhotsk. The reprocessing has been undertaken with the support of TGS’ Russian partner, DMNG. Following completion of the project, first data has been sent out to pre-fu
Eni extends charter for KNOT Offshore’s shuttle tanker
Italian oil major Eni has extended the charter of KNOT Offshore Partners’ shuttle tanker Torill Knutsen.
UK to avoid shut-ins even with $20 oil prices, Rystad says
With the reality that Brent oil prices are scratching closer and closer to $20 per barrel, shut-ins are already happening around the world. Even if prices reach this threshold, the UK will avoid shut-ins and exploration is likely to continue in 2020.
OPEC+ production cuts have dire implications for oil tankers
The agreement of the members of OPEC and its allies to cut oil production by 9.7 million barrels of crude per day is not believed to be enough to offset the massive demand drop and will certainly have dire implications for the oil tanker shipping market. “The first quarter of 2020 has been one of [&
World’s two largest pipelay vessels meet in Rotterdam
Two giant pipelay vessels owned by offshore contractor Allseas are now, for the first time ever, both in Rotterdam, the Netherlands.
Vår Energi creates new VP role for Aker Energy man
Norwegian oil and gas company Vår Energi has named Bjørn Thore Ribesen as its vice president Field Development & Projects.
Gasunie joins PosHYdon pilot project
Dutch energy infrastructure company Gasunie has joined the PosHYdon pilot, a project that aims to integrate three energy systems in the Dutch North Sea: offshore wind, offshore gas, and offshore hydrogen. The PosHYdon pilot is an initiative of Nexstep, the Dutch association for decommissioning and r
Equinor gets 10-year life extension for Troll B platform
Norwegian authorities have granted consent to operator Equinor for a 10-year lifetime extension for the Troll B platform located in the North Sea.
PGS gears for East Shetland shoot
PGS seismic vessel Ramform Tethys is about to start a 3D multi-client survey offshore East Shetland, in UKCS waters. Production will start this week and the first data should be available in Q3 2020. The seismic will cover both frontier and mature areas to enable the interpretation of the internal r
DeepOcean arrives for Troll phase 3 umbilicals
DeepOcean’s 150-metre-long offshore construction vessel Edda Freya has arrived at Nexans Norway’s factory in Halden to load umbilical for Equinor’s Troll Phase 3 project. The Norwegian offshore contractor will install the umbillical in the North Sea later in the summer. DeepOcean’s work scope for th