Fossil Energy
Saipem decides to buy Solstad Offshore’s lay barge vessel
Solstad Offshore has sold its DLB Norce Endeavour lay pipe barge to Italian oilfield contractor Saipem.
Cairn granted drilling permit for North Sea well
The Norwegian Petroleum Directorate has granted Capricorn Norge a drilling permit for a wildcat well in the North Sea.
Popular news, March 9 – 15, 2020
Offshore Energy Today’s most popular news of the past week.
Equinor cleared to drill wildcat well in North Sea
The Norwegian Petroleum Directorate (NPD) has given Equinor a drilling permit related to the drilling of a wildcat well in the North Sea.
Siem Offshore’s PSV to support Lundin’s 10-well drilling campaign
Norwegian shipping company Siem Offshore has been awarded a charter contract by Swedish oil company Lundin for one of its platform supply vessels (PSVs).
Dutch offshore contractor closes HQ to prevent coronavirus spread
Dutch offshore contractor Heerema Marine Contractors is closing its office in the Netherlands to prevent the spread of the coronavirus. HMC said on Friday that the Dutch government had issued guidance to slow down and prevent the spread of COVID-19 (Coronavirus). In response, Heerema Marine Contract
Premier Oil mulls reduction in capex program amid oil price volatility
In light of the current market volatility, Premier Oil is looking into its ability to reduce the capex program for 2020 with the possibility to save at least $100 million.
Repsol Sinopec files decommissioning plans for North Sea field duo
Repsol Sinopec Resources has filed its draft decommissioning plans to the UK authorities for the Buchan & Hannay fields located in the UK North Sea.
Archer agrees extension of debt facilities with lenders
Archer has secured a consensual amendment and extension of its debt facilities with all the lenders to the company.
Rystad: With OPEC+ ready to unleash extra barrels, oil prices could fall into low $20s
Oil prices could fall into the low $20s for the global market to rebalance, as Rystad Energy expects an increase in global supplies in the next three months.
Apache responds to current challenging market by slashing spending
Apache Corporation has announced multiple actions in response to current challenges in the oil market featuring an oil price war between Saudi Arabia and Russia following the OPEC+ breakdown, the effect of the coronavirus outbreak on global oil demand, and the ‘historic’ plunge of oil prices this we
Norwegian regulators introduce safety measures amid coronavirus fears
Norwegian oil regulator and offshore safety authority have introduced measures for restricting the spread of the coronavirus on oil and gas facilities in the country.
Oil price war could lead to massive wave of bankruptcies in oilfield services, Rystad says
The total capital and operational expenditure of exploration and production companies (E&Ps) is now likely to be cut by $100 billion in 2020 and another $150 billion in 2021 if oil prices remain at a $30 level, a Rystad Energy impact analysis revealed
Norwegian oil output falls short of expectations in February
Norwegian oil production during February 2020 fell below predictions made by the Norwegian Petroleum Directorate (NPD), according to the directorate’s report on Thursday.