Fossil Energy
OKEA to postpone all sanction decisions for drilling and seismic programs
As a result of an unprecedented combination of a global pandemic coupled with a dramatic fall in oil prices, Norwegian oil and gas company OKEA will postpone all project sanction decisions and, where possible, further cancel sanctioned plans.
Coronavirus crisis could slow the rate of energy transition, Rystad says
The COVID-19 pandemic has shaken energy markets to the core this year, creating incredible volatility for fuel prices. The one energy source that hasn’t blinked though is coal, a fuel that may come out stronger through the current crisis, a Rystad Energy analysis shows.
Bristow adapts three helicopters for transporting coronavirus cases
Offshore helicopter operator Bristow has configured three of its helicopters for transporting coronavirus cases.
UK’s offshore union calls for urgent action to protect North Sea oil & gas industry
UK’s offshore union RMT has called for urgent action to protect Britain’s energy supply chain from collapse amid coronavirus pandemic.
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European gas demand growth nearly wiped out by coronavirus, Rystad says
European gas demand in 2020 is likely to drop by 0.7% compared to the pre-coronavirus forecast, according to Rystad Energy’s most likely scenario.
EnQuest gives up on production re-start at UK fields
In light of recent developments in the oil market, oil and gas company EnQuest has decided not to re-start production at the Heather and Thistle/Deveron fields located offshore the UK.
No dividend and paycuts for top management as Kvaerner readies for coronavirus impact
Kvaerner will propose at its upcoming general meeting not paying dividends and a zero increase in the compensation to the company’s directors. In addition, Kvaerner CEO proposed a 10% reduction to his annual base salary to support the company amid an oil price war and the coronavirus outbreak.
i3 Energy secures Dolphin rig for summer appraisal campaign
i3 Energy has awarded a drilling contract to a Dolphin Drilling-owned rig and agreed on a sale of an interest in a block offshore the UK.
Havila keeps two platform suppliers busy with Axxis Geo. Wins one new deal
Norwegian shipowner Havila Shipping has won two extensions and one new contract for its platform supplier vessels (PSVs).
Safety issues found during audit of Ærfugl production pipes
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found irregularities during an audit of the design and fabrication of EHTF production pipes for Aker BP’s Ærfugl field.
World’s largest crane vessel to arrive in Rotterdam
The world’s largest semi-submersible crane vessel Sleipnir will arrive in the Port of Rotterdam for the first time on Saturday, March 21.
Spirit taps Unity for well integrity services
Unity has been awarded a three-year contract by Spirit Energy to maintain wellhead equipment across twelve platforms in the East Irish Sea, Southern North Sea, and the Dutch sector of the North Sea.
Solstad Offshore brings in new deals for PSVs in UK
Norwegian offshore vessel owner Solstad Offshore has won several contracts for platform supply vessels in the UK.