Oil & gas news
Oil gains on US developments
The oil price has reversed morning losses and now enjoys limited gains.
Neptune Energy begins drilling in Fenja field
Fenja is Neptune’s first operated development project on the Norwegian Shelf and is estimated to contain 97 million boe.
EM&I develop diverless robotic techniques to minimise POB
The current Covid-19 virus crisis has accelerated the need to reduce personnel on board (POB) on floating assets to a minimum.
Well Control School launches training aid
Well Control School has announced the launch of the SMART knowledge retention programme, a new online well control training aid.
BP releases 1Q20 results
BP has reported an underlying replacement cost profit of US$0.8 billion, compared with US$2.4 billion for 1Q19.
African Energy Chamber: Uganda underlines intention to become major player
The African Energy Chamber has said that Tullow Oil and Total's resolving of a long-standing capital gains tax dispute will make Uganda the biggest crude producer in East Africa.
Diamond Offshore begins Chapter 11 proceedings
Diamond intends to use the proceedings to restructure and strengthen its balance sheet and achieve a more sustainable debt profile.
Rystad Energy comments on second day of price decline
Oil prices have declined for a second day on storage concerns.
Petrobras agrees FPSO extension with BW Offshore
Petrobras has extended its lease of the BW Cidade de São Vicente FPSO by 48 days.
OGUK calls for urgent action to preserve jobs and energy security
OGUK has warned that up to 30 000 jobs could be lost in the sector as it called for the transition to net zero to be put at the heart of recovery plans.