The Danish government calls for political talks on the pending eighth licensing round for North Sea oil exploration after France's Total withdrew its bidding application, thereby creating "significant uncertainty," the country's energy ministry informs.
The offshore shipping companies are renegotiating contracts on a large scale. In some cases rates in the North Sea are reduced by one third, estimates broker Clarksons Platou in an interview with ShippingWatch.
Maersk Oil's sale to Total has taken a big toll on the employees on the Dan F platform in the North Sea, where several staff voice concerns about stress and are looking for new jobs. In an internal document, an employee warned of deteriorating safety.
Both Njord Future and Martin Linge will be far more expensive than planned, according to new figures from the Norwegian state budget. The total overrun now amounts to more than EUR 2.9 billion. Operator Equinor refers to factors including safety.
Crude oil from a field in the British North Sea contains so little sulfur that it can almost be used directly as ship fuel complying with the new global sulfur requirements that take effect next year. Major tanker company has bought the first shipment.
Oil company Aker BP has successfully located oil from its license number 442's ninth prospect drilling in the North Sea. The company has found oil of an extremely high-grade, the Norwegian Petroleum Directorate informs.
In the small hours of the night, the trade unions representing Norwegian workers on a numbers of rigs reached agreement with the Norwegian Shipowners' Association to increase wages substantially. Thus averting a strike among 1,500 rig workers.
Despite significantly lower production, Total earns hundreds of millions in DKK from the Danish part of the North Sea in the first year after its acquisition of Maersk Oil. The number of employees is reduced by one-fifth.
Siem Offshore reduced its losses in the first quarter of this year compared to last year. For the PSV segment, demand is rising, while contracts in another segment are "non-existing," states quarterly report.