Offshore news

The company's separation into TechnipFMC and Technip Energies has been delayed by the Covid-19 pandemic, the sharp decline in commodity prices, and the heightened volatility in global equity markets.

Activity reductions are planned in the Permian Basin, Egypt and the North Sea.

A surge in offshore well intervention activity over recent years is helping the North Sea develop into a global centre of excellence for innovative oilfield services.

A significant portion of the acreage available in 1Q20 is located in either deep or ultra-deep water, up from the previous quarter, according to GlobalData.

Worley will provide engineering, procurement and construction services to support production operations on the Chirag platform in the Caspian Sea.

The two LNG-fuelled PSVs Island Crusader and Island Contender, as well as a third sister vessel Island Commander, have ben contracted by Lundin Norway.

Ocean Power Technologies, Modus Seabed Intervention and Saab Seaeye are developing an autonomous resident AUV system.

The UK Oil and Gas Authority has halted its licensing rounds for offshore exploration acreage in the North Sea at least until next year.

The employee had recently been to Austria and is not seriously ill.

Tailwind Energy will make a final investment decision on the Evelyn field, in the central North Sea, in 2020.