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Norway’s tax relief to boost rig demand but UK demand to take the biggest...
Norway’s recent tax relief package for the oil and gas industry is expected to cut breakeven prices by 40 per cent, thereby boosting the country’s rig demand while the UK’s plunges, according to...
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Hornbeck Offshore to emerge from bankruptcy within few months
U.S. offshore vessel operator Hornbeck Offshore expects to emerge from bankruptcy in the coming few months following approval of its reorganization plan by a U.S. court and after clearing governmental...
View ArticleOMV Petrom snatches fresh Black Sea block
Romanian oil and gas company OMV Petrom is the winning bidder for an oil and gas exploration block located in the Black Sea, offshore Georgia. OMV Petrom said on Monday it has been selected as the...
View ArticleAker BP gears up for drilling in Norwegian Sea
Aker BP is set for drilling operations in the Norwegian Sea with the Deepsea Nordkapp rig following approvals from the Norwegian authorities. Aker BP has received consent from the Petroleum Safety...
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BP sells petrochemicals business for $5Bn ‘to succeed through energy transition’
Oil major BP has agreed to sell its global petrochemicals business to INEOS for a total consideration of $5 billion. It is the next strategic step in focusing portfolio as part of reinventing BP....
View ArticleCNOOC makes ‘significant’ oil and gas discovery off China
CNOOC Limited has made what it claims to be a significant oil and gas discovery of Huizhou 26-6 in the Eastern South China Sea. It is expected to become the first mid-to-large sized condensate oil and...
View ArticleAker Solutions gets renewal for maintenance and modifications gig in Norway
Oilfield services provider Aker Solutions has signed a two-year contract extension for maintenance and modifications on several Aker BP’s fields offshore Norway. Aker Solutions said on Monday that the...
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Seabird scraps one vessel, secures work for another
Seismic player Seabird said it has secured an OBN source contract in the North Sea. According to the Oslo-listed company project mobilisation should take place in July this year. The company noted...
View ArticlePeterson to continue supporting Shell from Lowestoft base
Energy logistics provider Peterson has secured a contract extension with Shell to provide quayside, warehousing, and transport services from Peterson’s Lowestoft base in England. Peterson has...
View ArticlePGS and ION strike 2D exploration data alliance
PGS and ION Geophysical have announced an agreement to collaborate globally on 2D exploration data. Both companies have multiclient data libraries that together cover all the significant hydrocarbon...
View ArticleEnergean excludes Norwegian but keeps UK assets within Edison E&P deal
In addition to the previously excluded Algerian assets, Energean and Edison have further changed their deal for Energean’s acquisition of Edison E&P’s assets to also exclude the Norwegian...
View ArticlePetrobras hits production record in Búzios field
Brazilian oil and gas company Petrobras has reached a production record on its operated Búzios field located in the Santos Basin pre-salt offshore Brazil. Petrobras reported on Monday that platforms...
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Kvaerner hired to recycle three Aker BP’s platforms
Kvaerner has been awarded by Allseas a contract to dismantle and recycle three large topsides, three jackets, and four bridges from Aker BP’s Valhall and Hod fields located offshore Norway. Valhall...
View Article15 crew members of an oil tanker test positive for COVID-19, 2 hospitalized
Fifteen crew members on board a Maltese-flagged oil tanker have tested positive to COVID-19, and two crew members have been hospitalized, but they are not in a critical condition. The information was...
View ArticleMermaid targets Thai decommissioning market with new business unit
Offshore services provider Mermaid Maritime has established an Offshore Transportation, Installation (T&I), and Decommissioning services business unit as part of its diversification strategy,...
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Subsea 7 scoops up Aker BP Hod contract
Subsea 7 has won a contract from Aker BP for the Hod field development project, in the North Sea. The Hod development locates 12 kilometres from the Valhall area. Posted: 6 days ago Aker BP hands in...
View ArticleTGS and PGS unveil final Torngat 3D seismic data
TGS, in partnership with PGS, has released the final Torngat 3D seismic data results, offshore Labrador. The Torngat survey, which covers approximately 3,300 square kilometres and encompasses...
View ArticleAker Solutions to deliver subsea production system for Equinor’s Askeladd
Aker Solutions has received a letter of intent from Equinor to deliver the subsea production system for the next phase of the Askeladd natural gas development in the Barents Sea in northern Norway....
View ArticleCOVID-19: A pivot point for the energy transition
The COVID-19 pandemic has been an eventful time during which many steps were taken by governments, political organizations, the EU, and oil companies to plan a faster, more efficient, and more...
View ArticleVantage secures jack-up gig with Eni
Vantage Drilling has entered into a contract with Eni for its premium jack-up rig, the Topaz Driller, to perform drilling services offshore of Montenegro. Vantage said on Tuesday that the contract...
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