Fossil Energy
Saudi Aramco suspends Shelf Drilling jack-up rig charter
Saudi Arabian oil and gas giant Saudi Aramco has suspended its contract for the Shelf Drilling-owned High Island IV jack-up rig.
Scotland sets up $78M oil and gas support fund with greener future in mind
The Scottish government has set up a 62 million-pound ($78 million) fund to help the energy sector recover from the economic impacts of COVID-19 and the oil and gas price crash.
BW’s FSRU arrives to serve new Brazilian LNG-to-power project
BW’s floating storage and regasification unit has arrived at a new terminal in the Brazilian Port Acu to start its contract serving Gas Natural Acu’s LNG-to-power project. The FSRU BW Magna finally docked at the project’s regasification terminal on Friday. The vessel has been waiting offshore the po
Vår Energi taking Jotun FPSO ashore to kick off Balder Future project
Oil and gas company Vår Energi is taking the Jotun FPSO ashore for upgrading to start the first stage of the life-extension process for the Balder Area in the North Sea.
U.S. weekly offshore rig count stuck at 13
The number of offshore rigs in the U.S. remained unchanged over the last week, according to a Friday report by Baker Hughes.
Sakhalin Energy shuts one LNG train for maintenance
Russia’s Sakhalin Energy has closed only one LNG train at the Gazprom-operated Sakhalin-2 facility for planned maintenance due to challenges associated with the Covid-19 coronavirus pandemic. The maintenance also includes the Lunskoye-A offshore platform that produces the majority of the gas for the
Neptune Energy set to drill two North Sea wells
The Norwegian Petroleum Directorate has granted Neptune Energy a drilling permit for two wildcat wells in the North Sea off Norway.
Dutch shipyard picks Ampelmann gangway for new icebreaker
Ampelmann has secured a contract from Royal Niestern Sander for the sale of a winterised A-type motion compensated gangway system.
Only 20 platforms remain evacuated as result of storm Cristobal
Oil and gas operations in the U.S. Gulf of Mexico have almost completely returned to normal following Tropical Storm Cristobal, with only 3 per cent of platforms still evacuated.
Upstream spending set for 15-year low as it falls from lower mountain to deeper valley, Rystad says
Global spending is now forecasted to reach $383 billion this year, the lowest level in 15 years and a staggering 29 per cent decrease of $156 billion compared to 2019, according to Rystad.
Aker forms joint venture with Ocean Yield for seven tankers
Norwegian industrial investment company Aker Capital AS has entered into an agreement with compatriot shipowner Ocean Yield ASA for co-ownership of oil tankers.
UK urged to exempt offshore workers from COVID-19 quarantine restrictions
The Offshore Industry Group is urging the UK Government to exempt all offshore energy sector workers from the recently introduced 14-day quarantine restrictions. The group, comprising IADC, IAGC, IMCA, IOGP and ISOA, is calling upon governments to recognize offshore energy sector workers as “key wor
New helicopter giant created as Bristow and Era merge
Offshore helicopter operators Bristow and Era have completed the merger of the two companies and created a financially stronger, larger, and more diverse company.
Solstad Offshore secures North Sea work for PSVs
Solstad Offshore has been awarded contracts for two platform supply vessels by an unnamed North Sea operator.