Oil & gas news
Fugro and US NOAA developing new approach to deepwater mapping
Fugro and the US National Oceanic and Atmospheric Administration Office of Ocean Exploration and Research are focusing on mapping deepwater areas of the US Exclusive Economic Zone (EEZ).
Joint project developing carbon-free subsea AUVs
Ocean Power Technologies, Modus Seabed Intervention and Saab Seaeye are developing an autonomous resident AUV system.
Proserv appoints CFO
Julie Thomson has ben appointed as the Group's Chief Financial Officer.
ADNOC to ramp up oil production to 4 million bpd
The move, beginning from April, is in response to the oil price war between Saudi Arabia and Russia.
Russia-Saudi Arabia price war could slash US$250 billion off E&P budgets, predict Rystad Energy
The price war will heavily impact service company revenues, even driving some out of the market, according to Rystad Energy.
Licensing in 2020/21 suspended by UK Oil and Gas Authority
The UK Oil and Gas Authority has halted its licensing rounds for offshore exploration acreage in the North Sea at least until next year.
Equinor employee at Martin Linge field tests positive for Covid-19
The employee had recently been to Austria and is not seriously ill.
First oil expected at Evelyn field by 2022
Tailwind Energy will make a final investment decision on the Evelyn field, in the central North Sea, in 2020.
Sole gas field begins producing to processing plant
The Sole gas project has passed a critical milestone with the first flow of gas from the Sole gas field to the Orbost gas processing plant.
Production resumes at Cliff Head in Perth Basin
Production had been suspended at the Cliff Head Alpha Platform offshore Western Australia due to an electrical fault.