Fossil Energy
Over 200 oilfield service firms could become insolvent as coronavirus hits, Rystad says
Around 20% of Europe’s mid- and small-sized oilfield service companies, the vast majority of which are British or Norwegian, are set to become insolvent as the effect of the Covid-19 epidemic will hit the continent’s OFS market hard, a Rystad Energy impact analysis shows.
Jersey on track to deliver Greater Buchan Area concept despite coronavirus
UK-based oil and gas company Jersey Oil & Gas (JOG) is still on track to deliver the Greater Buchan Area development concept regardless of the coronavirus outbreak.
MOL makes oil and gas discovery in North Sea
MOL Norge has made an oil and gas discovery near the Balder field in the North Sea offshore Norway.
KenzFigee expands with new UK subsidiary
Dutch offshore lifting equipment specialist KenzFigee has expanded its services to the UK with the creation of a new unit.
Equinor responds to coronavirus outbreak with changes to executive committee
Norwegian oil and gas major Equinor has decided on temporary changes to the corporate executive committee to respond to the coronavirus outbreak.
Total hits pay in UK North Sea well
Total has discovered hydrocarbons in the Upper Jurassic and Triassic sandstone reservoirs of its Isabella exploration well in Block 30/12d in the UK Central North Sea.
Solstad breaks off charters for laid up platform supplier duo
Norwegian offshore vessel operator Solstad Offshore has terminated bareboat charter agreements for two platform supply vessels (PSVs) owned by SFL Corporation.
PetroNor taking cost-saving measures amid low oil price environment
PetroNor E&P is taking a number of cost-saving measures to ensure the company is appropriately structured in the current low oil price environment.
Green light to Shell for decommissioning of Brent pipelines
Shell has received approval from the UK authorities for its decommissioning plan for the Brent field pipelines located in the UK North Sea.
Noble Corporation replaces CFO after only three months
Offshore drilling contractor Noble Corporation has named a replacement for its departing chief financial officer (CFO).
TechnipFMC spin-off put on hold over volatile market conditions
TechnipFMC has been forced to put off its planned separation into two independent entities amid challenging market conditions which have emerged recently.
Equinor cleared to use facilities linking Dvalin to Heidrun field
Norwegian oil company Equinor has received consent from the Petroleum Safety Authority (PSA) for the use of facilities to link the Dvalin field to the Heidrun field.
Jersey to lead study for collaborative development of wider Greater Buchan Area
UK-based Jersey Oil & Gas (JOG) has established and will lead the Greater Buchan Area joint integrated studies agreement between neighboring field operators.
Prosafe rig to support subsea tank removal at Thistle platform
Prosafe has been awarded a contract to provide accommodation in support of the redundant subsea tank removal and safe re-habitation of the Thistle Alpha platform in the UK North Sea.