BP receives all regulatory approvals for drilling Ironbark-1 well
Oil major BP has received all the required regulatory approvals for drilling the Ironbark-1 exploration well offshore north-west Australia. The…
23 Sep 2020
Morrison secures decommissioning contract for six structures in GoM
Oil and gas services company Morrison has secured a contract for a turnkey decommissioning project in the deep waters of the Gulf of Mexico (GoM). The contract has been awarded…
23 Sep 2020
Oil prices fall after increase in US crude stocks
Oil prices have slipped after industry group American Petroleum Institute (API) reported an increase in the US crude stocks. The increase in crude stocks has renewed concerns over fuel demand.…
22 Sep 2020
Axora launches online resource centre for post-Covid oil and gas recovery
The centre provides industry insights and access to digital solutions and technologies for oil and gas companies to adopt in order to accelerate their business growth, reduce investment waste, and…
22 Sep 2020
US agencies BOEM and BSEE advance research to increase Gulf O&G production
The US Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE) have formed a strategic collaboration to advance new research. The research is aimed…
22 Sep 2020
BP terminates Deepsea Aberdeen contract
Norwegian drilling contractor Odfjell Drilling has announced that oil major BP has terminated the contract for its Deepsea Aberdeen semi-submersible drilling rig, which was due to expire in April 2022.…
22 Sep 2020
Oil prices drop as increase in Covid-19 cases weigh on fuel demand recovery
Oil prices dropped as the rising cases of global Covid-19 infections weighed much on the recovery of fuel demand. Brent crude LCOc1 futures edged lower by $0.03, or 0.1%, to…