Oslo-listed seismic survey company Axxis Geo Solutions has said it has completed its ocean-bottom nodes (OBN) project in the Middle East. 'The project was completed with strict adherence to COVID-19 safety guidelines and the crew is now demobilizing…
Awilco Drilling has said that it has reached a deal with Petrofac to delay the start of the plug and abandonment works with Awilco's WilPhoenix offshore rig.Awilco in March announced the rig deal with Petrofac Facilities Management for its 1982…
A British court on Wednesday approved Premier Oil's plans to extend debt maturities by two years and raise up to $500 million in equity to buy North Sea assets from BP and others, but the deal depends on market conditions, Premier said.Activist hedge fund ARCM…
pX Group, the Stockton-on-Tees-based provider of energy and industrial solutions, has acquired a majority stake in Aberdeen-based NRG Well Management, a provider of well management services to the oil & gas industry.px Group said Wednesday that…
UK oil and gas producer EnQuest is planning workforce reductions in the UK as some of its North Sea fields are expected to cease production, while others will remain shut as part of a recently announced cost-cutting initiative.When it comes to the planned workforce cuts…
Corallian Energy, with its partners Upland Resources and Baron Oil, has signed a work-sharing agreement with a 'large European E&P company' that might lead to a farm-out of a stake in the offshore license P2478 in the Inner Moray Firth, Scotland…
UK North Sea oil and gas company Serica Energy expects to see first gas from its Columbus development in late 2021, a six-month delay to what was previously targeted.The Columbus field plan, approved in 2018, envisions the reservoir will be…
Offshore accommodation rig provider Floatel International has seen its contract with Ineos FPS delayed.Floatel said Thursday that the two companies have agreed to postpone the charter for the Floatel Victory accommodation unit at the Unity platform in the UK North Sea to April 2021…
UK-based Rever Offshore has said it has won 'a major' contract win with Perenco the Southern North Sea.The company said the contract was a multi-million-pound one, but did not provide the exact value.According to Rever Offshore, the award is…
Norwegian marine seismic company PGS is gearing up to begin a seismic survey offshore East Shetland, in UKCS waters.PGS said Monday that its vessel Ramform Tethys seismic vessel would start the 3D MultiClient survey in the area 'this week.''The…
Fred. Olsen Windcarrier has signed a contract with the Danish firm Geo to supply an offshore liftboat for the preliminary geotechnical investigations for the Thor offshore wind project in the Danish North Sea. Fred. Olsen Windcarrier's liftboat…
Offshore engineering company Three60 Energy has been awarded an engineering and support services contract to provide minor modification and repair services for Spirit Energy’s assets on the UK Continental Shelf'Three60 Energy has secured this…
British North Sea oil and gas producer EnQuest cut its operating costs by a further $40 million to $335 million from previous guidance and senior management will take a voluntary 20% pay cut to weather an oil price slump, it said on Thursday…
Offshore installation and decommissioning firm Allseas has won a contract to remove three complete offshore platforms and two jackets in Norway for Aker BP.The company said on Wednesday that Aker BP had awarded it a deal for the removal and…
INEOS FPS, operator of the key UK North Sea pipeline system - the Forties - has further delayed the planned shutdown of the pipeline system, citing customer requests.The pipeline system, the largest pipeline system in the UK North Sea - opened…
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