Fossil Energy
Wage settlement ends oil strike in Norway
Norwegian oil firms were able to strike a wage bargain with officials of labour union Lederne on Friday, ending a 10-day strike which threatened to cut the country’s oil and gas output by almost 25 per cent.
Neptune Energy to use Halliburton cloud well construction suite
Oil and gas exploration firm Neptune Energy has decided to adopt Halliburton’s DecisionSpace 365 well construction suite of cloud applications to consolidate all global drilling and wells activities.
Lukoil starts phase two of Vladimir Filanovsky development drilling
Russian independent oil company Lukoil has launched phase two of the development drilling campaign on the Vladimir Filanovsky offshore field in Astrakhan.
Hurricane Delta closes 92 pct of Gulf of Mexico oil output – largest in 15 years
Over 90 per cent of current oil production in the Gulf of Mexico has been shut-in as a result of Hurricane Delta, the BSEE said.
Norway’s striking labour union, oil firms to meet with mediator
Oil firms and labour officials in Norway will meet on Friday with a state-appointed mediator to try to end a strike threatening to cut output from the country by some 25 per cent.
OPEC: Oil demand to decline after plateauing in late 2030s
World oil demand will plateau in the late 2030s and by then begin to decline, the Organization of the Petroleum Exporting Countries (OPEC) said in its 2020 World Oil Outlook.
Havyard extends closure as 75 people test positive for COVID-19
A total of 75 people associated with Norway’s shipbuilder New Havyard Ship Technology AS, part of Havyard Group, have tested positive for the coronavirus, further extending the closure of the yard. The Leirvik-based shipyard temporarily halted activities on September 30, after four infection cases w
Designing of carbon-neutral offshore oil and gas platforms underway
U.S. engineering firm McDermott has teamed up with electrical equipment giant Scheider Electric and io consulting, a Baker Hughes company, to design carbon-neutral facilities for the upstream oil and natural gas market.
Noble Corporation scores rig extension deal with ExxonMobil
Offshore drilling contractor Noble Corporation has been awarded a long-term extension for the ultra-deepwater drillship Noble Tom Madden from ExxonMobil.
Airborne Oil & Gas becomes Strohm
Dutch-based thermoplastic composite pipe (TCP) manufacturer Airborne Oil & Gas has changed its name to Strohm. The launch of the new brand comes as the organisation confirms its commitment to the oil and gas sector’s energy transition and accelerates its strategic growth into the renewables market.
Lukoil, KazMunayGas ink deal for Al-Farabi block in Kazakh Caspian Sea
Russian oil and gas company Lukoil and Kazakhstan’s state-owned company KazMunayGas (KMG) have signed an agreement for future obligations on the Al-Farabi Project in the Kazakh Sector of the Caspian Sea.
TechnipFMC delivers major subsea tree contract in Brazil
UK-based major TechnipFMC has delivered the last of 127 trees for the largest subsea tree contract in the world for a pre-salt project in Brazil. TechnipFMC, as FMC Technologies, won this contract from Brazilian energy giant Petrobras in 2012. “Since then, have invested in innovation, personnel qual
Eni secures carbon storage licence in UK
The UK Oil and Gas Authority (OGA) has awarded a carbon dioxide (CO2) appraisal and storage licence to Eni. The carbon storage licence will cover an area located within the Liverpool Bay area of the East Irish Sea. Under the licence, Eni plans to reuse and repurpose depleted hydrocarbon reservoirs (
Chevron overtakes ExxonMobil’s market value for first time
Chevron’s market value overtook ExxonMobil for the first time on Wednesday, 7 October, during the same week in which it closed a $4.1 billion all-stock deal for Noble Energy.