Fossil Energy
OPEC pushes for full conformity in oil output cuts over next three months
OPEC’s Joint Ministerial Monitoring Committee (JMMC) has made assurances of achieving 100 per cent conformity from all participating countries during the next three months.
Equinor gears up for pilot hole in North Sea
Equinor has received consent from the Petroleum Safety Authority (PSA) for exploration drilling in the North Sea using the Deepsea Atlantic rig.
Rystad: Oilfield services demand to drop by 25 per cent due to Covid-19 downturn
The Covid-19-caused downturn is set to cause a 25 per cent yearly drop in global demand for oilfield services (OFS), a Rystad Energy analysis shows.
Shelf Drilling hit by another early termination of jack-up contract
Shelf Drilling has received an early termination of a drilling contract for a jack-up rig operating offshore Egypt.
Norway launches APA 2020 offshore licensing round
The Norwegian Ministry of Petroleum and Energy announced the APA 2020 licensing round on Friday, comprising the predefined areas with blocks in the North Sea, the Norwegian Sea, and the Barents Sea.
Chevron files Gorgon expansion plan for NOPSEMA review
US energy giant Chevron has filed an environmental plan to NOPSEMA addressing the installation of the subsea infrastructure associated with the Gorgon stage 2 project.
Fugro to support Seamec on ONGC project in India
Fugro has secured a three-year inspection, repair and maintenance (IRM) contract with Seamec to support its asset management project for ONGC off India. Fugro will provide Seamec with work class remotely operated vehicle (ROV) services for three years from mid-June, with the option of a two-year ext
Perenco advances Pickerill decommissioning with topsides removal
Decommissioning services specialist Petrodec has completed skidding operations for the topside removal of Perenco’s Pickerill A unmanned platform, located offshore the UK.
Rystad: 282 billion barrels to stay in the ground as Covid-19 hastens peak oil
In its global energy outlook, Rystad Energy revealed that the Covid-19 downturn will expedite peak oil demand, putting a lid on exploration efforts in remote offshore areas and as a result reducing the world’s recoverable oil by around 282 billion barrels.
Chevron selling stake in Australia’s NWS LNG project
US energy giant Chevron is selling its stake in the Australian North West Shelf LNG venture after drawing interest from potential buyers. The company made a move to start a formal marketing process for its 16.67 per cent stake in the $34 billion project after receiving bids from several buyers. “Che
Cheiron sees first oil from appraisal well offshore Egypt
PICO GoS Limited, a Cheiron Group company, has achieved the first oil production from its appraisal well GNN-4 in the Geisum Concession offshore Egypt.
Triangle shuts in production from two Cliff Head wells
Australia-based oil producer Triangle Energy has shut-in production from two wells on its Cliff Head oil field located offshore Australia.
Neptune Energy set to spud Dugong well in North Sea
Neptune Energy will start drilling the Dugong well, located in the North Sea offshore Norway, by 19 June 2020.
Williams to provide tie back for LLOG’s Gulf of Mexico project
Williams has reached a tie-back agreement with LLOG Exploration Offshore (LLOG) to provide offshore natural gas and oil gathering and production handling services for the Taggart development at Williams’ Devils Tower spar in the U.S. Gulf of Mexico.