Jersey Oil & Gas has entered into a conditional sale and purchase agreement to acquire CIECO V&C, which will give it full ownership of a North Sea licence.
Brent crude oil prices reached highest levels since March as news of another promising coronavirus vaccine raised hopes of a quicker recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his leadership transition.
Aker BP and Cognite have partnered to deploy Spot, the quadruped robotic dog, to pioneer the remote-controlled offshore mission on the Skarv installation.
Rem Offshore has been awarded a contract and extension for its platform supply vessels from Apache in the UK North Sea.
Tullow Oil will focus on its West African producing portfolio as part of its new strategy to generate $7B of operating cash flow in the next 10 years.
A North Sea reservoir has been confirmed suitable for CO2 storage, with Wintershall Dea, Ineos, and Maersk Drilling as members of the project.
Norway’s offshore safety agency has found irregularities related to risk and barrier management on the Equinor’s Norne FPSO located in the Norwegian Sea.
EnQuest expects its production for the year to be below its guidance range due to an incident and a resulting unplanned outage in Malaysia.
Deltic Energy has found three prospects within its Southern North Sea licence and is seeking partners to help in the maturation of opportunities.
German oil and gas company Wintershall Dea has set a goal to achieve net-zero upstream activities by 2030 to tackle the world’s climate change challenge.
Archer has secured a five-year contract from Aker BP for the provision of platform drilling operations and maintenance services in the North Sea.
Investments from global E&P in 2021 are projected to reach around $380 billion, almost flat year-on-year, a Rystad Energy report shows.
Seadrill has agreed on the suspension of payments with creditors related to leasing arrangements for three drilling rigs while trying to restructure debt.
Norwegian oil production in October 2020 was below forecast by the NPD due to effects of strike action as well as maintenance operations on some fields.
