Fossil Energy
Decommissioning plan for Shell’s Kingfisher field under assessment
UK authorities are assessing the plan for the decommissioning of Shell’s Kingfisher installations and fifteen associated infield pipelines.
European offshore wind CAPEX to top upstream oil & gas in 2022 – Rystad Energy
Capital expenditure (CAPEX) on offshore wind is expected to surpass upstream oil & gas spending in Europe in 2022, according to Rystad Energy. The oil market collapse caused by the Covid-19 pandemic is set to delay several oil and gas developments in Western Europe, putting capital expenditure in th
Shell farm-in moving forward after Egdon gains extension for UK licences
The UK’s Oil and Gas Authority (OGA) has granted extensions for Egdon Resources’ P1929 and P2304 licences offshore the UK.
Hurricane Energy CEO resigns. Lancaster production increased
The chief executive officer (CEO) and director of London-listed oil explorer Hurricane Energy has decided to resign from the company.
Penspen inks engineering study deal off Myanmar
Engineering and management services provider Penspen has been awarded a contract from an undisclosed oil and gas operator for an offshore natural gas project in Myanmar.
BW gets another FPSO extension from Petrobras but layup still on the cards
FPSO operator BW Offshore has signed another agreement with Petrobras for an extension of the lease and operation of BW Cidade de São Vicente in Brazil.
Equinor launches maritime climate ambitions
On the UN’s World Oceans Day, energy company Equinor is launching its ambitions for reducing own emissions from ships, detailing how the company will help decarbonise shipping.
Singapore yard prepares for topside works on Energean FPSO as workforce ramps up
Energean has informed that work restarted on the Energean Power FPSO in the Admiralty Yard, Singapore, on 2 June 2020 and the subsea installation campaign offshore Israel is progressing as planned.
PGS wields costs axe as market bites
PGS said it will implement further cost reductions as seismic industry takes major hit on Covid-19 and oil market disruption. Specifically, this includes staff reductions, re-organization, consolidation of offices, re-negotiation of service agreements and other cost measures. This should also bring
U.S. weekly offshore rig count up a notch
The number of offshore rigs in the U.S. is up by one unit over the last week, according to a weekly rig count report by Baker Hughes.
Aker Energy to revive Pecan field development with phased approach
Oil and gas company Aker Energy is looking to revive its Pecan field development offshore Ghana, after terminating its agreement with Yinson for the provision of an FPSO for the project.
Worldwide offshore rig count tumbles in May
The worldwide offshore rig count in May 2020 dropped 54 rigs year-over-year and 37 rigs sequentially, according to rig count reports by Baker Hughes.
Apache cuts down on offshore inspection hours through digitalisation
Oil and gas company Apache has implemented digital inspection technology to reduce offshore inspection hours on its Beryl Alpha Platform.
Hokchi opts for early termination of drilling contract with Mexico’s Grupo R
Mexico’s Grupo R has received an early termination of a drilling contract with Hokchi Energy due to the current market situation.