Offshore news

Denmark has cancelled its latest licensing round and put an end date of 2050 on all oil and gas exploration and extraction in the North Sea.

Rystad Energy is forecasting peak oil demand to arrive earlier and at a lower level than previously thought, leading to reduced E&P investments.

The well was drilled about 100 km southwest of the Snøhvit field.

OGUK’s chief executive Deirdre Michie said the report by the Institute for Public Policy Research showed there is increasing involvement in ensuring a successful migration to greener energies.

The company received the ‘Most Impactful Technology’ award, in recognition of FLI’s contribution to the offshore well intervention industry.

FAR has a 13.67% interest in the Sangomar exploitation area.

The report found that 85% of OGUK members throughout the supply chain expect to increase their diversification into non-oil and gas activities during the next 12-24 months.

The two companies will develop and deploy workflow automation software that is specifically tailored to the requirements of the oil and gas industry.

The company will use its NoMan technology for remote inspection of pressure vessels during operational turn arounds on two FPSOs.

Separo will continue to provide water treatment services at the Cygnus Alpha gas production platform.