Danish offshore vessel owner Maersk Supply Service has won a contract for the removal of the Dunlin Alpha platform’s subsea conductors and guide frames in the UK North Sea, by Fairfield Betula Limited.

National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says energy intelligence group Wood Mackenzie.

UK-based rig inspection company Aberdeen Drilling Consultants (ADC) has launched what it calls a "resilience audit" aimed at helping the global oil and gas industry maintain safe operations by protecting against the spread of COVID-19 on offshore installations.

Swift and bold output cuts by OPEC and its allies are boosting prices of physical oil barrels in Asia as supply tightens.

Oil production from the top seven shale regions in the U.S. is set to tumble to levels not seen since 2018 as drillers scale back in response to the recent price collapse.

Australia is seeking to cut emissions in one of the world’s biggest per-capita polluters by encouraging oil firms including Chevron Corp. and Woodside Petroleum Ltd. to invest in carbon-reduction projects.

Producers are already restarting oil wells in North Dakota as prices come off record lows, but talk of a recovery is premature, said the state’s energy regulator.

Offshore engineering and construction company McDermott has said it has been given "a sizeable" contract from a Middle East customer to carry out front-end engineering and design (FEED) work for offshore riser platform topsides.

French oil major Total has agreed with Odfjell Drilling to keep the Deepsea Stavanger offshore drilling rig idle for a while due to the COVID-19 situation.

Oil prices have surged to two-month highs on growing signs of a rebound in oil demand, as the easing of lockdowns spread worldwide. At its peak in April, global lockdown measures affected around 3.9 billion people.