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3 July 2020
COSL signs LoI for COSLInnovator semi-sub rig use in North Sea
Oilfield services firm COSL Drilling Europe has signed a letter of intent (LoI) for the use of COSLInnovator semi-submersible rig on the Norwegian Continental Shelf (NCS).
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3 July 2020
Premier Oil creditors approve North Sea assets transaction
Premier Oil’s creditors have approved the company’s acquisition of BP’s interests in the producing Andrew Area and Shearwater fields in the UK North Sea under amended terms.
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3 July 2020
Oil prices drop as Covid-19 resurgence weighs on recovery hopes
Oil prices have dropped as a resurgence of the Covid-19 cases across the globe weighs on fuel demand recovery hopes.
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2 July 2020
Fugro secures survey work at Neptune’s Cygnus gas field in North Sea
UK-based offshore operator Neptune Energy has awarded a subsea inspection contract to geo-data specialist Fugro for its Cygnus gas field in the southern North Sea.
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2 July 2020
SBM Offshore closes financing for FPSO Sepetiba construction
Dutch floating production storage and offloading (FPSO) vessel operator SBM Offshore has closed a $600m bridge loan facility for the financing of the construction of FPSO Sepetiba.
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2 July 2020
Oil prices fall amid demand recovery fears as US Covid-19 cases surge
Oil prices have inched lower after the US recorded its biggest one-day surge in Covid-19 cases adding concerns that the resurgence in cases would stall fuel demand recovery.
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1 July 2020
TGS and PGS release seismic data results of Torngat survey
Subsurface data company TGS and Norwegian survey services firm Petroleum Geo-Services (PGS) have released final 3D seismic data results from their Torngat survey offshore Labrador, Canada.
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1 July 2020
Subsea 7 secures contract for Hod field development offshore Norway
Offshore installation and construction firm Subsea 7 has secured a sizeable contract by Aker BP for the Hod Field Development Project in the southern part of the Norwegian North Sea.
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1 July 2020
Oil prices rise by 1% after sharp drop in US crude inventories
Oil prices have increased by 1% after the American Petroleum Institute (API) data showed more than expected fall in the US crude inventories.
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30 June 2020
Chesapeake Energy files for bankruptcy with $7bn outstanding debt
Chesapeake Energy has declared itself bankrupt and filed for Chapter 11 protections, while it attempts to pay back billions.