Fossil Energy
Norway shows lowest and Canada highest upstream carbon footprint, Rystad says
Canada has the highest carbon emission intensity per barrel of oil equivalent produced, while Norway has the lowest, a Rystad Energy analysis shows.
Melbana granted extra time for Beehive work obligations
Australian offshore regulator has granted Melbana Energy the approval to suspend the deadline for completion of the current WA-488-P permit year work obligations by 12 months.
Equinor to restart Hammerfest LNG plant on June 18
Norwegian energy giant Equinor plans to bring back online its Hammerfest liquefied natural gas export plant on June 18 following planned maintenance. The LNG operator said earlier this month it would close the export facility for scheduled maintenance for two weeks starting on May 15. However, the c
Aker BP gains consent to use Maersk Invincible rig on Valhall field
Norwegian oil company Aker BP has received consent from the Petroleum Safety Authority (PSA) for plugging and removal work at the Valhall drilling platform using the Maersk Invincible drilling rig.
Subsea 7 cutting 3000 jobs
Subsea 7 has issued further details of its workforce and fleet reduction initiative announced earlier this year. Namely, the offshore engineering firm predicts overall workforce reduction of approximately 3,000 by the end of the second quarter 2021. Subsea 7 also said that two-thirds of the reductio
Petrofac wins extension for work on Iraq’s crude oil export project
Oilfield services provider Petrofac has secured a further six-month contract extension with the Basra Oil Company (BOC) for its long-standing Iraq Crude Oil Export Expansion Project (ICOEEP).
Siem Offshore gets breathing room after standstill deal with lenders
Siem Offshore has found a way to improve its cash flow and liquidity to be able to operate in a challenging offshore market.
ConocoPhillips closes sale of northern Australia assets to Santos
ConocoPhillips has completed the sale of its subsidiaries that hold its northern Australia and Timor-Leste assets and operations to Santos.
Apache stock to become exclusive to Nasdaq
Houston-based oil and gas company Apache Corporation has chosen to list its common stock solely on the Nasdaq Stock Market beginning 9 June 2020.
Neptune pushes back several project start-up dates despite ‘strong quarter’
Despite the challenges of COVID-19 and weaker commodity prices, Neptune had a strong first quarter but still decided to push back several project start dates to smoothen investments through 2020-2022.
Continued scrapping of rigs needed to balance demand and supply, Maersk Drilling says
Maersk Drilling believes that continued rig scrapping is needed to obtain a healthier balance between rig demand and supply.
OMV ready to drill Norwegian Sea well after getting green light from regulators
OMV is ready to drill an appraisal well in the Norwegian Sea following an offshore safety approval for the use of a rig and the receipt of a drilling permit from Norwegian authorities.
UK approves plan for removal of floaters from North Sea fields
UK authorities have approved the plan for the removal of the Petrojarl Banff FPSO and Apollo Spirit FSO from Canadian Natural Resources’ Banff and Kyle fields in the UK sector of the Central North Sea.
Hurricane granted more time for UK well work
Hurricane Energy’s request to extend the deadline for activities planned on the Lincoln license off the UK has been approved by UK authorities.