Delek's British North Sea oil and gas producer Ithaca Energy will cut spending by about half to $120 million this year, it said on Tuesday, adding that cashflow remains strong in spite of a recent slump in oil prices.Ithaca, which its owner has said could list on the London stock market this year…
The world has been transformed in the past month since the Covid-19 pandemic took hold. The dramatic impact of COVID-19 on global oil demand and has been compounded by Saudi Arabia and Russia failing to agree production cuts to stabilize oil prices…
Britain's oil and gas industry body OGUK has asked the government to adapt the financial aid schemes offered in the wake of the coronavirus crisis so as to cover dozens of oil service companies which would otherwise not qualify.OGUK called on the government last month to help it survive…
Norwegian offshore vessel owner Havila Shipping has secured a long-term contract for its platform supply vessel Havila Commander.Havila Shipping said Thursday that the contract was with Total E&P UK, the UK subsidiary of the French oil major Total…
Danish safety product manufacturer Viking has won a three-year contract to supply personal protective equipment (PPE) to Serica Energy.Viking said Thursday it would work with Babcock Offshore to deliver aviation suits for the Serica crew in the UK sector of the North Sea…
UK North Sea-focused oil company Repsol Sinopec Resources UK Limited has appointed Jose Luis Muñoz as its Chief Executive Officer, effective April 1, 2020.Muñoz replaces Bill Dunnett, who had been in the CEO since 2015. Repsol Sinopec said Dunnett…
CNR International (CNRI) has filed plans for the removal of the Petrojarl Banff FPSO and the Apollo Spirit FSO, from its Banff and Kyle fields in the North Sea. Apart from the two floaters, CNRI will also remove the associated risers and mooring systems…
Teekay Corporation has secured a ten-year contract for its 1996-built Petrojarl Foinaven FPSO with Britoil Limited, a BP subsidiary, at the Foinaven field west of the Shetland Islands in the UK.Under the terms of the contract, Teekay is expected…
Oil and gas firm Hurricane Energy has confirmed that a crew member on the Aoka Mizu FPSO off the UK has tested positive for COVID-19.Hurricane said Friday that the worker 'has been evacuated to the mainland for medical reasons and subsequently tested positive for COVID-19…
INEOS FPS has said that it has responded to requests from customers and delayed its planned summer shut down of the Forties Pipeline System in the UK North Sea.The pipeline system, the largest pipeline system in the UK North Sea - opened in…
Oil firm Taqa has informed that several of its crewmembers on two North Sea platforms are in isolation over suspected Covid-19 symptoms, but that production is not affected.In an email to Offshore Engineer on Tuesday, a Taqa spokesperson said…
Norwegian offshore vessel operator Eidesvik Offshore will see its platform supply vessel Viking Princess return from a contract earlier than expected.The company said Sunday that it had received 'notice of early redelivery' from the charterer Ithaca Oil and Gas…
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…
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…
Offshore drilling contractor Dolphin Drilling has signed a drilling contract for one of its semi-submersible offshore drilling rigs in the UK North Sea with oil company i3 Energy.Bjørnar Iversen, CEO of Dolphin Drilling said the contract was…
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