Fossil Energy
Norway turns the spotlight on Barents Sea in 25th licensing round
Norway’s Ministry of Petroleum and Energy launched the 25th licensing round, encompassing 136 blocks in the Norwegian Sea and the Barents Sea off Norway.
Equinor set to drill North Sea well duo
Equinor is ready to drill two wells in the North Sea offshore Norway following the receipt of approvals and permits from the Norwegian authorities.
PetroRio buys stakes in two BP fields off Brazil
Brazilian oil and gas company PetroRio has signed an agreement with BP for the acquisition of interests in two fields offshore Brazil.
Gulf of Mexico lease sale attracts over $120 million in high bids
The U.S. government agency Bureau of Ocean Energy Management has held a Gulf of Mexico oil and gas lease sale, yielding more than $120 million in high bids.
Equinor faces safety order after serious lifting incident in Norway
Equinor has been served with a notice of order from the country’s offshore safety agency following a serious lifting incident on the Oseberg B platform.
OPEC lowers 2020 oil demand forecast
The Organization of the Petroleum Exporting Countries (OPEC) has lowered its 2020 oil demand forecast to negative -9.8 million barrels a day.
Force majeure notice served to India’s ONGC for Bumi FPSO
Bumi Armada has said that India’s ONGC has been served with a force majeure notice related to the charter hire of an FPSO.
Transocean adds $297 million to backlog as Petrobras extends two drillships
Transocean has been awarded contract extensions for two of its drillships that have been working for Petrobras.
Norway: Oil firms ramp up 2021 investment plans
A survey by the Norwegian statistics bureau SSB has revealed that oil and gas companies in Norway have boosted investment plans in recent months.
McDermott gets fresh capital injection to fund growth
McDermott has secured approximately $560 million in new capital through a series of transactions expected to close by the end of the year.
Energean’s Karish project 85 pct complete
Greek oil and gas company Energean has completed 85 per cent of its Karish project offshore Israel.
Ithaca moves forward with plans to develop North Sea field as subsea tie-back
Ithaca Energy is moving forward with its plans to develop the Abigail field, located in the UK North Sea as a subsea tie-back.
Report confirms progress in safety of offshore oil and gas operations in Europe
The European Commission has seen progress in the safety of offshore oil and gas operations following the implementation of the safety directive.
Covid-19 caused the loss of over 28,000 oil & gas jobs in Australia, Rystad analysis shows
The Covid-19 pandemic hit Australia’s already declining oil and gas workforce hard, causing a loss of over 28,000 jobs this year, Rystad Energy says.