Oil giant BP is expecting massive reductions to asset values during the second quarter of 2020 as a result of the combined hit of the oil price plunge and the COVID-19 pandemic.
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.
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.
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
The Norwegian Petroleum Directorate has granted Neptune Energy a drilling permit for two wildcat wells in the North Sea off Norway.
Ampelmann has secured a contract from Royal Niestern Sander for the sale of a winterised A-type motion compensated gangway system.
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.
Solstad Offshore has been awarded contracts for two platform supply vessels by an unnamed North Sea operator.
UK authorities are assessing the plan for the decommissioning of the infrastructure associated with Shell’s Gaupe field subsea tieback.
The vice-president of exploration and development at oil and gas company Neptune Energy has opted to leave her role in the fall of 2020.
Aker BP and Equinor have entered into an agreement in principle on commercial terms for a coordinated development of the licences Krafla, Fulla, and North of Alvheim.
Exploration and production company Europa Oil & Gas has acquired a 100 per cent interest in Frontier Exploration Licence (FEL) 3/19 offshore Ireland from Norwegian oil company DNO.
Petrofac has been awarded an engineering and project management office support contract for the Acorn project.
Norwegian offshore vessel operator Golden Energy Offshore Services (GEOS) has secured another contract extension for its Energy Swan platform supplier with Wintershall Norge.
