Fossil Energy
Offshore drillers will be living on the edge, Rystad analysis shows
The Covid-19 epidemic and the ongoing oil price war have ravaged global energy markets during the last two months, and offshore drilling, in particular, is among the most affected industry segments, according to energy intelligence firm Rystad Energy.
Prosafe in talks with operators over possible contract changes
Prosafe, a provider of semi-submersible accommodation rigs, is in talks with operators related to potential contract changes for its units.
World’s top exploration wells at risk, Rystad says
At least nine of the world’s top planned exploration wells for 2020 are at risk of being suspended as a result of the combined effect on oil and gas activities of the Covid-19 virus and the oil price war, a Rystad Energy impact analysis shows.
Shell extends contract for Petrojarl Knarr FPSO
Shell has awarded a contract extension to the Petrojarl Knarr FPSO owned by Altera Infrastructure, previously known as Teekay Offshore. However, some of the terms of the contract have been changed, including a reduction in dayrate.
Norway: 10 exploration wells put on hold as low oil prices and coronavirus bite
Exploration activity offshore Norway has been reduced and 10 wildcat wells previously planned for this year will be delayed due to the coronavirus crisis and the sharp decline in oil price.
Ineos delays Forties pipeline shutdown
UK’s Ineos has decided to postpone its planned shutdown of the Forties pipeline system until the spring of 2021.
Giant Pioneering Spirit vessel put in charge of removal and disposal at Valhall
Aker BP has awarded a call-off for removal and disposal of multiple installations in the Valhall area in the North Sea to Allseas.
Nova topside module ready for transport and installation in North Sea
Neptune Energy has reported that the load out of the 740-tonne topside module for the Nova brownfield project in the Norwegian North Sea has been completed ahead of the installation offshore with the world’s largest semi-sub crane vessel.
Offshore Energy platform: connecting the gears
Change is the only constant. This was as true for the ancient Greek who coined the phrase, as it is for us today. Our industry is changing. The need to innovate and transform are key in remaining relevant and future-proof. This is why we present the Offshore Energy platform. It combines all the elem
Cold-stack ahead for EMGS vessel as BP cancels African survey
Norwegian seismic services company EMGS has noted an extremely low vessel utilization for the first quarter of 2020 due to project cancelations, which ensued following the recent oil price drop and the coronavirus pandemic. As a result, one of EMGS’ vessels is up for a cold-stack.
Ithaca Energy halves capital expenditure for 2020
Oil and gas company Ithaca Energy has more than halved its capital expenditures for the year due to the double threat posed by the coronavirus pandemic and the sharp oil price drop.
African Energy Chamber urges OPEC and OPEC+ to end oil price war
The African Energy Chamber, a chamber of networks, transactions, and partnerships at the helm of Africa’s growing energy industries, has urged OPEC and OPEC+ to reach a deal on ending the oil price war which has sent the oil price tumbling to historic low levels.
Wintershall Dea strikes oil close to Maria field
Oil and gas company Wintershall Dea Norge has made an oil discovery near the Maria field in the Norwegian Sea.
GALLERY: World’s largest semi-sub crane vessel lifts Equinor’s Snorre module
The world’s largest semi-submersible crane vessel, Heerema’s Sleipnir, has lifted a module for Equinor’s Snorre A platform from the quayside at Aibel’s yard in Haugesund, Norway, ahead of its transportation and installation in the North Sea off Norway.