Fossil Energy
Shell and Aker BP cancel Maersk Drilling’s rig contracts
Danish offshore drilling contractor Maersk Drilling has received notices of termination for two drilling rig contracts.
Aker BP merges two units and names senior VP
Norwegian oil and gas company Aker BP has made changes to its executive management team as a result of reduced activity and the subsequent need for organizational adjustments.
Covid-19 impacts Seabed Geosolutions’ activities
Seabed Geosolutions is feeling the impact of the COVID-19 pandemic on its activity. A significant ongoing project in the Middle East has been cancelled and another project that was scheduled to start imminently in Brazil has been postponed. In response, Seabed will implement rigorous cost and capex
Norway: Oil output falls short of expectations for third month straight
Norwegian oil production during March 2020 fell below predictions made by the Norwegian Petroleum Directorate (NPD), according to the directorate’s report on Friday.
Green light for Chrysaor’s decommissioning plan for Ganymede platform topsides
Chrysaor’s decommissioning program for its Ganymede platform topsides, which is located on the Jupiter area in the UK sector of the North Sea, has been approved by UK authorities.
Total delays North Sea gig for Prosafe’s accommodation rig
Offshore accommodation specialist Prosafe and oil major Total have agreed to delay Total’s 2020 North Sea campaign, which was supposed to use Prosafe’s Safe Caledonia flotel.
Chevron gets $1.6 billion from MOL for Azerbaijan assets
Oil major Chevron has sold its interest in assets offshore Azerbaijan to Hungary’s MOL for $1.57 billion.
Turbulent waters: Covid-19 and offshore construction
The article delves into legal intricacies of declaring force majeure events on existing offshore construction contracts in case of delays caused by the coronavirus pandemic as well as key points to consider when entering new contracts.
Dutch Tulip Oil preparing for future wells on North Sea project
Tulip Oil is taking steps in preparation for production increase at its Q10-A gas field located in the Dutch sector of the North Sea.
Saipem withdraws 2020 guidance over deteriorating market conditions
Saipem has decided to withdraw its 2020 guidance, reserving the right to issue a new one should the market conditions improve.
IKM Testing secures work on Equinor’s Johan Castberg FPSO
Norwegian oil major Equinor has awarded a comprehensive and long-term testing contract on the Johan Castberg FPSO to IKM Testing.
Shell in push to become net-zero energy business by 2050
Oil major Shell has revealed its plans to become a net-zero emissions energy business by 2050 or sooner.
Offshore regulator spots issues during Johan Sverdrup audit
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found irregularities during an audit of Equinor’s operations and barriers at the Johan Sverdrup field in the North Sea.
VIDEO: Saipem’s Scarabeo 9 rig crosses Bosphorus
Saipem’s Scarabeo 9 semi-submersible offshore drilling rig has crossed the Bosphorus Strait for the fourth time in its history.