The Covid-19 pandemic has led to a 12-15 month delay to first oil from Neptune Energy’s Seagull field in the UK North Sea.
Oil & Gas
DNO and Genel Energy have cut production estimates and spending this year in Kurdistan, although allowing that work could resume should prices strengthen.
Hurricane Energy’s boss has thanked the UK oil and gas industry’s regulator for giving the company more breathing room with its licence obligations.
Thailand is issuing more liquefied natural gas (LNG) import licences as it attempts to liberalise its gas market and position itself as a regional LNG trading hub.
Themis has issued full notice to proceed (FNTP) for the construction of the 44 MW Singrobo hydropower proiect in Cote d’Ivoire.
North Sea energy services firms including Wood, Petrofac and Hunting enjoyed a share price boost in the City today.
South Africa’s state-owned Central Energy Fund is considering buying assets that have been put on the block by fuel and chemical maker Sasol as it seeks to restore itself to profitability.
Scots legal experts join forces for ‘pioneering’ online service to solve costly oil and gas disputes
A crack team of six respected members of Scotland’s legal system have joined forces to provide a “pioneering” online solution to costly disputes in the oil and gas sector.
The Libyan National Army (LNA) has suffered major setbacks in its attacks on Tripoli, home of the Government of National Accord (GNA).
The Oil and Gas Authority (OGA) has published new research in a bid to show the continued need for North Sea resources, despite the Covid-19 pandemic.
Trial International has filed a criminal complaint against Kolmar Group with the Office of the Attorney General in Switzerland.
Sonatrach workers will return to work in compliance with directives set out by the public authorities, the company said, attempting to quash rumours that this would occur on May 31.
Oil rose today following a prediction from Russia that the market may rebalance as early as next month after historic output cuts from global producers to drain a glut.
Aberdeen-headquartered Stena Drilling will pocket up to $11 million for deploying a rig to the Bahamas.
According to the latest analysis by Wood Mackenzie, China’s oil demand will recover to 13 million barrels per day (b/d) in Q2 2020, a 16.3% jump compared to Q1 this year.
The boss of BP’s North Sea business is being promoted as part of a management overhaul at the energy giant.
The UK Government has approved Taqa’s plans to decommission the topsides of the 32-year-old Eider platform in the North Sea.
A union boss has claimed a “host” of North Sea contracting firms are poised to lay off furloughed workers as the cost of maintaining the scheme mounts.
Nigerian economic growth beat estimates in the first quarter as oil production rose to the highest in at least four years.
Oil rose as the head of the International Energy Agency forecast demand will likely grow past its level before the global pandemic.
The oil and natural gas capital of the world is going all-in on solar power.
Oil was anchored near $33 a barrel as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in demand.
The UK is poised to lead the way as operators increase spending on North Sea decommissioning work amid low oil prices, according to a new report.
An MP has demanded answers from the UK Government over the future of post-Brexit safety rules for North Sea helicopters.
Taqa has picked Archer rig to carry out a 21-well plug and abandonment campaign in the northern sector of the UK North Sea.