Oil prices fell for the third session on Wednesday with U.S. crude futures tumbling to a 17-year low as travel and social lockdowns sparked by the coronavirus epidemic knocked the outlook for demand.U.S. crude was down $1.49 cents, or 5.53%…
More than 200 oilfield services companies might be forced to declare bankruptcy - most of them in Norway and the UK - due to the effects of the Covid-19 pandemic and its effect on oil prices.This is according to Norway-based energy intelligence firm Rystad Energy…
Subsea marine robotics company Stinger Technology has won a subsea drone research and development contract with oil firm Neptune Energy.Under the contract, Stinger Technology will work on the development, qualification and field trials of autonomous inspection/ intervention subsea drones…
Offshore drilling company Seadrill was involved in an incident last weekend involving the unintentional disconnection of the lower marine riser package (LMRP) on its West Mira semi-submersible drilling rig. Also, a certain amount of oil-based drilling fluid was discharged into the sea…
Norwegian oil and gas company Equinor is set to form what it described as a 'temporary corporate project' aimed at dealing with the effects of the coronavirus and the low oil prices.'The Coronavirus, measures to limit the spread and the significant…
Aberdeenshire-based offshore simulation and analysis company, AS Mosley, Dutch Fugro, together with Strathclyde University, have been awarded funding from The Carbon Trust, to develop new technology for monitoring Floating Offshore Wind Turbines (FOWT)…
Equinor will extend its employees' shifts at offshore platforms to 21 days from 14 days to reduce the risk of coronavirus spread, the oil company said on Monday, as oil and gas production offshore Norway continued as normal.Equinor recorded…
UK-Focused oil firm Jersey Oil & Gas will lead the study aimed at forming a hub to potentially develop oil discoveries made by several operators in the Greater Buchan Area in the UK North Sea.JOG said Monday has established and will lead the…
Offshore accommodation specialist Prosafe’s Safe Zephyrus accommodation rig has been contracted in support of the redundant subsea tank removal and safe re-habitation of the Thistle Alpha platform in the UK North Sea.As previously reported,…
Cairn Energy’s subsidiary Capricorn Norge has been given permission to drill a wildcat well in the North Sea offshore Norway. The Duncan exploration well (35/8-7S) will be drilled using the Island Innovator semi-submersible drilling rig. The well is located in the production license 880…
Norwegian oil company Equinor has halted work at the Martin Linge offshore development project after one of its employees tested positive for the coronavirus earlier this week, the company said on Friday.It was too early to tell whether the Martin Linge field…
Oil and gas company Lundin Norway has chartered the Siem Simphony platform supply vessel from Siem Offshore.The dual-fuelled platform supplier 'Siem Symphony' will support Lundin Norway's 10-well drilling campaign on the NorwegianContinental Shelf…
Austrian oil and gas group OMV is again postponing an investment decision on its Black Sea exploration project and is now aiming for a decision next year at the earliest, its chief executive said on Friday.The exploration of the Black Sea Neptun…
UK oil and gas operator Repsol Sinopec has filed a draft decommissioning plan for subsea infrastructure at Buchan & Hannay fields in the North Sea.The Buchan Alpha Floating Production Unit (FPU) ‘off station’ activities were completed in August 2017 with the sailaway of the platform…
Norwegian oil and gas firm Equinor said on Thursday it was reducing activity on the Norwegian continental shelf (NCS) to contain the coronavirus spread, but said output was not affected.'We are cutting non-critical activity, but production goes as normal…