16 Apr 2021

BP prepares to retire Petrojarl Foinaven FPSO in UK

BP has stopped production from the Foinaven field offshore UK as the long-serving FPSO Petrojarl Foinaven nears the end of its 25-year design life. Initially, the company was planning to…

15 Apr 2021

FAR receives off-market takeover bid from Remus Horizons

Australian oil and gas company FAR has received off-market takeover offer from private investment fund Remus Horizons PCC for $159.15m (A$209.6m). Remus Horizons, which a private investment fund regulated by…

15 Apr 2021

As vaccination continues, how fast can oil demand return?

The global vaccine rollout brings with it promises of looser travel restrictions and a more mobile world. This in turn enables holidays, commutes, and even short-distance journeys that global governments…