1 April 2020
Oil prices fall to $25 as US inventory build-up raises oversupply fear
Oil prices have dropped to $25 a barrel due to a bigger-than-expected rise in the US inventories, subsequently increasing oversupply fears.
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1 April 2020
ABS to classify Silver Eagle’s self-elevating drilling units
The American Bureau of Shipping (ABS) has announced it will classify a series of self-elevating drilling units (SEDUs) for Bahrain-based Silver Eagle Global.
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1 April 2020
Alberta Government announces funding for Keystone XL Pipeline
The Keystone XL Pipeline is to receive more than $1bn of funding from the Canadian state of Alberta to accelerate its construction.
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31 March 2020
Equinor expects faster ramp-up output on Johan Sverdrup oilfield
Norwegian firm Equinor has announced that its Johan Sverdrup oilfield is ramping up production at a faster pace than originally expected.
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31 March 2020
UK-based i3 Energy to acquire Toscana Energy for $2.82m
North Sea operator i3 Energy has agreed to acquire Canada-based Toscana Energy and subsidiary Firenze Energy for $2.82m.
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31 March 2020
Covid-19: Siccar Point and Shell UK delay Cambo project FID to 2021
Siccar Point Energy E&P has announced it will defer approval of the planned sanction date for the Cambo development due to coronavirus (Covid-19).
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31 March 2020
Oil prices climb from 18-year lows as Trump-Putin call sparks hopes
Oil prices have increased on Tuesday after US President Donald Trump and his Russian counterpart Vladimir Putin talked over plans.
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31 March 2020
PTAS Aker Solutions to provide offshore M&M services to BSP
A joint venture between Norwegian oilfield services firm Aker Solutions and Malaysia’s PTAS has agreed to provide offshore maintenance and modification (M&M) services to Brunei Shell Petroleum (BSP).
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30 March 2020
North Sea offshore platforms cut staff by 40% due to coronavirus
UK trade body Oil and Gas UK (OGUK) has published figures showing North Sea offshore installations have cut staff numbers by 40% since the start of the Covid-19 coronavirus outbreak.
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30 March 2020
Oil prices fall to 18-year low as global lockdowns depreciate demand
Crude oil prices havemade fresh falls due to fears the global coronavirus shutdown could last months and diminish demand.