Oil & gas news
Var Energi extending life of Balder area in North Sea
The Balder Future project is aiming to extend the life of the area to 2045.
Saudi Aramco suspends operations for Shelf jack-up rig
The suspension will last for up to 12 months.
BP predicts impairments of up to US$17.5 billion in 2Q20
The prediction comes as a result of the company's expectation of weak demand for energy for a prolonged period and a faster transition away from fossil fuels due to the ongoing Covid-19 pandemic.
31 wells sabotaged at oilfield in northeast Colombia
The acts of sabotage took place at Ecopetrol’s La Cira-Infantas oilfield, near the city of Barrancabermeja, which produces around 35 000 bpd.
Shell awards FPSO decommissioning contract to AF Gruppen
The Curlew FPSO operated in the North Sea.
Bahamas Petroleum and Columbus Energy Resources set to merge
The two companies have reached agreement on the terms of a recommended all-share merger, which would see Bahamas Petroleum acquire Columbus for approximately £25 million.
Opening the door to the Middle East
Stuart Kinnear, Interface Fluidics, reveals how venture capital firm Phaze Ventures worked with Interface Fluidics, a technology-enabled oil and gas lab service company, to bring new oil optimisation solutions to market.
Scottish government establishes support fund for industry diversification
The £62 million Energy Transition Fund will support businesses in the oil, gas and energy sectors over the next five years as they grow and diversify and will help attract private sector investment in the region.
Neptune Energy awarded drilling permit in Norway offshore licence
Wells 34/4-15 S and 34/4-15 A in production licence 882 will be drilled from the Deepsea Yantai drilling facility.
Gabon increases 3D seismic access to offshore blocks on offer
Gabon’s Directorate General of Hydrocarbons and PGS have expanded the Gabon MegaSurvey coverage, significantly increasing access to 3D seismic over the 35 blocks on offer as part of the country's offshore licensing round.