Odfjell Drilling puts 139 North Sea workers at risk of redundancy
Odfjell Drilling has put 139 offshore workers at risk of redundancy after completing a drilling contract ahead of schedule.
norway
Neptune Energy confirms hydrocarbon discovery at Dugong well
Neptune Energy and its partners today announced the discovery of hydrocarbons at the Dugong well (PL 882) in the Norwegian sector of the North Sea.
North Sea operators still hungry for high risk, high impact exploration – Westwood
North Sea operators still have the “appetite” for high impact exploration over the coming 12-18 months, according to Westwood Global Energy Group, despite low success rates.
Centrifuges Un-limited boosts headcount to target Norwegian growth
Centrifuges Un-Limited, the Aberdeen-headquartered oilfield services firm, is increasing its headcount as it targets growth in Norway.
No boat? No problem! National Grid powers ahead passing halfway mark to lay the world’s longest subsea cable
Construction of the longest subsea power cable in the world has now passed the halfway point and achieved a major engineering feat to enable Norway’s zero carbon hydro energy to be shared with the UK.
Rig workers hit out at ‘ridiculous’ quarantine rules
Oil and gas workers have hit out at what they deem to be “ridiculous” Covid-19 quarantine rules that have made a section of the industry “second-class citizens”.
Stena Drilling appeals against ‘mass layoffs’ court decision
Stena Drilling has appealed a legal decision which found “mass layoffs” on one of its North Sea rigs was in breach of Norway’s employment rules.
Oil crisis shows Norway remains a crude addict
Norway has been talking for years about weaning itself off oil, but the Covid-19 crisis has revealed how far it has left to go.
Some optimism for Norway’s offshore prospects
Westwood Global Energy reports that there was one exploration well programme active as of May 27, plus one development programme with an exploration sidetrack planned. One exploration well programme was completed and one exploration well programme spudded in May.
Offshore worker hospitalised with ‘crushing injury’ at North Sea field
An offshore worker has been hospitalised after sustaining a “crushing injury” at a North Sea oilfield.
Stena Drilling loses ‘mass layoffs’ case but plans challenge at Norway’s Supreme Court
Aberdeen-headquartered Stena Drilling has lost a legal case over "mass layoffs" on a North Sea rig but vowed to take its fight further to Norway's Supreme Court.
Asco’s work on new logistics terminal in Norway ‘well under way’
Asco's work to establish a new logistics terminal in the northernmost town in the world is “well under way”.
Are there any tax levers left to pull for the UK oil and gas industry?
Proposals to introduce temporary amendments to the Norwegian upstream tax regime, put to the Norwegian parliament a couple of weeks ago, and included within the Norwegian budget on Tuesday, have added to calls for fiscal change in the UK to support investment in the UKCS and underpin the oilfield services (OFS) supply chain.
TechnipFMC blames ‘volatile’ market as UK jobs expected to follow Norway cull
Oilfield services firm TechnipFMC is understood to be following up hundreds of job losses across its sites in Norway with scores of UK redundancies.
Saipem wins £225m Baltic Sea pipeline project
Engineering firm Saipem has won a £225million project to transport and install a new natural gas pipeline in the Baltic Sea.
Norway’s rare tax changes to save oil industry would be ‘very welcome’ in UK, says expert
Norway has outlined plans for “extremely rare” changes to its tax regime to save the crisis-hit oil industry which would be “very welcome” for UK firms, according to an expert.
Oil price rises amid output cuts and early signs of demand recovery
Oil advanced for a second day on signs fuel consumption is starting to recover in the world’s biggest economies, while global production cuts also begin to offset the demand destruction caused by the coronavirus.
Norway will cut production by 250,000 barrels per day to lift prices
Norway, western Europe’s biggest oil producer, joined international efforts to curb supply for the first time in almost two decades after prices fell to new depths.
‘Hard to take’: ONS 2020 cancelled
A popular energy sector conference and exhibition in Stavanger, Norway, has been cancelled this year due to the Covid-19 outbreak.
Norway decision on production cuts looms
Norway has said it will soon decide whether to cut its oil production to help support plummeting prices.
Is carbon intensity a misleading metric?
It has been encouraging to witness many oil and gas majors sign up to the energy transition and net zero. Repsol, BP, Total, Shell and Equinor have all outlined their strategies.
Dutch hydrogen ambition hinges on subsidies
The Netherlands wants to become a leader in green hydrogen production, but projects will require subsidies and more private investors to get off the ground.
The current challenges for the UK and Norway in the face of Covid-19
The world has been transformed in the past month since the COVID-19 pandemic took hold. The dramatic impact of COVID-19 on global oil demand and has been compounded by Saudi Arabia and Russia failing to agree production cuts to stabilise oil prices. With Brent trading well below US$30/bbl the resilience of the sector is once again being pushed to its limit. What does this mean for the UK and Norway upstream sectors?
More than 200 UK and Norwegian oilfield services firms may go bankrupt over virus – Rystad
More than 200 oilfield services firms (OFS) across the UK and Norway are “set to become insolvent” due to the coronavirus outbreak, according to Rystad Energy.
Tendeka wins ‘eight-figure’ deal with Aker BP
Aberdeen head-quartered service company Tendeka will take on a multi-million-pound contract to supply sand-face completion equipment to Aker BP’s Norwegian assets.