CHC Group has been awarded a contract extension by Equinor for both the Tampen/Oseberg and Heidrun contract in Norway by one year.
OPEC, Russia, and other oil producers agreed to extend their record oil production cuts of 9.7 million barrels per day by another month.
Equinor and its partners have made an investment decision to partly electrify the Sleipner field located offshore Norway.
North Sea oil and gas operator Chrysaor has contracted Applied Petroleum Technology (APT) to deliver geochemical and petroleum systems analyses on the Armada hub facility and around the Greater Lomond area on the UKCS.
Norwegian oil and gas company Aker BP has awarded Kvaerner the contract for delivering the topside and steel substructure for the unmanned wellhead platform at the Hod field.
The UK entity of oil major Shell has returned a platform supply vessel to Norwegian shipping company Havila Shipping ahead of time.
BP will be reducing its global workforce by 10,000 this year as part of its plans to make the organization smaller and fit for the energy transition.
UK authorities are assessing the plan for the decommissioning of Shell’s Kingfisher installations and fifteen associated infield pipelines.
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
The UK’s Oil and Gas Authority (OGA) has granted extensions for Egdon Resources’ P1929 and P2304 licences offshore the UK.
The chief executive officer (CEO) and director of London-listed oil explorer Hurricane Energy has decided to resign from the company.
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.
Oil and gas company Apache has implemented digital inspection technology to reduce offshore inspection hours on its Beryl Alpha Platform.
Oil and gas company Premier Oil has agreed revised terms for the acquisitions of the Andrew Area and Shearwater assets from British oil major BP.
