Energy News


Qatar Eases Exit Visa Rules for Oil and Gas Sector

Mar 20, 2020

Qatar has removed exit visa requirements for an additional segment of its foreign labor force, including some of those working in the oil and gas industry, according to official tweets posted on Friday.Qatar in 2018 eliminated exit visas for many foreign migrant workers…

Rockhopper: All Parties Committed to Sea Lion Farm-Out Despite Oil Price Rout

Mar 20, 2020

Rockhopper Exploration, a partner in Premier Oil-operated Sea Lion offshore oil project in the Falkland Islands, is confident it will manage to farm-out a share in the project despite the low oil prices and COVID-10 uncertainty.The two companies…

TenneT: Borselle Beta Topside Ready to Sail Away

Mar 20, 2020

Dutch state-owned grid operator Tennet has said that the topside of the offshore transformer platform for the Borssele III and IV wind area in the Dutch North Sea is ready for the sailaway.Dubbed the offshore power socket, Borssele Beta, will…

Polarcus Loses Another Seismic Contract

Mar 20, 2020

Oslo-listed provider of offshore seismic surveys Polarcus has seen a seismic contract in Africa terminated, just days after it lost a deal in Asia.Polarcus said Friday that a client in West Africa had decided to cease operations on the project…

Bristow Equips Helicopters to Transport COVID-19 Cases

Mar 20, 2020

Offshore helicopter operator Bristow has said it has successfully repatriated offshore workers in the oil and gas industry with suspected cases of the novel coronavirus – COVID-19 – using three specially-configured former search and rescue aircraft…

UK Oil and Gas Sector Needs Gov't Aid to Survive

Mar 19, 2020

Britain's oil and gas sector needs government help to survive, industry body OGUK said after the oil price crash triggered by the coronavirus and a Saudi-Russian price war threatens its ability to continue producing hydrocarbons in the North Sea…

Tens of Thousands of Offshore Jobs at Risk, UK Union Warns

Mar 19, 2020

UK-based offshore energy workers' union RMT has called for the government to help preserve the offshore oil and gas industry and jobs amid the coronavirus and the oil price rout.RMT has warned that oil price wars and a public health pandemic…

World's Largest Semi-Sub Crane Vessel to Arrive in Port of Rotterdam

Mar 19, 2020

Port of Rotterdam is set to welcome Heerema's Sleipnir, the world's largest semi-submersible crane vessel, which is set to arrive at the port on Saturday, March 21, where it will be made ready for a North Sea decommissioning project.Named after the Norse God Odin's eight-legged stallion…

Global Oil, Gas Producers Slash Spending After Oil Price Rout

Mar 19, 2020

Oil and gas companies around the world aim to slash spending as crude prices have plunged due to the impact of the coronavirus and a push by Saudi Arabia and Russia to ramp up output.Oil prices have more than halved in value since the start of the year…

Energean Eyeing More Acquisitions in Mediterranean Sea

Mar 19, 2020

Israeli gas-focused group Energean is looking at possible further gas acquisitions in the Mediterranean, CEO Mathios Rigas said on Thursday, as the group announced $155 million in spending cuts.The cuts mean Energean will not drill two planned…

Axxis Geo Extends Havila PSV Charters

Mar 19, 2020

Ocean bottom node (OBN) survey company Axxis Geo Solutions has extended charters for two Havila platform supply vessels.Norwegian vessel owner Havila Shipping said Thursday that Axxis Geo had extended charters for the PSV vessels Havila Aurora…

EnQuest to Break Even $38/bbl Oil Price, Shuts Fields

Mar 19, 2020

EnQuest aims to break even this year at $38 a barrel and does not expect to restart its Heather and Thistle/Deveron fields, which produced 6,000 barrel of oil equivalent per day (boed) last year, the British North Sea oil and gas producer said on Thursday…

Total Buys 80% Stake in Floating Wind Project

Mar 19, 2020

French energy major Total said on Thursday that it had reached an agreement with renewables energy developer Simply Blue Energy to acquire 80% of the Erebus floating wind project in the Celtic Sea.Total, which did not disclose the value of the deal…

Unity Nets 3-Year Offshore Maintenance Deal with Spirit Energy

Mar 18, 2020

Offshore well integrity company Unity has signed a contract to maintain wellhead equipment across Spirit Energy's twelve offshore platforms.The platforms are located in the East Irish Sea, Southern North Sea and the Dutch sector of the North Sea…

WTI Oil Price Hits 17-Year Low, Brent Goes Below $28

Mar 18, 2020

Oil prices fell for the third session on Wednesday with U.S. crude futures tumbling to a 17-year low as travel and social lockdowns sparked by the coronavirus epidemic knocked the outlook for demand.U.S. crude was down $1.49 cents, or 5.53%…

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