Norwegian oil firm Equinor will cut its quarterly dividend payment by two-thirds as part of an effort to preserve cash amid the collapse in crude prices, it said on Thursday.

Tullow Oil concluded a years-long process to sell its Uganda assets to Total SA, the first step in an asset-sale program that’s crucial to reducing its debt. The shares jumped the most on record.

Petrofac is preparing to extend its provision of operations and maintenance services to Repsol Sinopec Resources UK Ltd, following an enhancement to its existing contract.

CHC has confirmed that earlier this week it removed a Covid-19 patient from a North Sea platform in the Norwegian sector using the EpiShuttle system.

North Sea oil and gas workers are to be given priority Covid-19 testing places alongside emergency service and critical staff.

Aberdeen-headquartered energy services firm Wood has confirmed that it has entered into a 30-day consultation period with 66 workers within its Asset Solutions business

More than 30 companies, including commodities traders like Gunvor and Vitol as well as units of oil majors like Exxon Mobil and Royal Dutch Shell, submitted expressions of interest for a contract to market the Guyanese government's share of the country's crude, the government said on Tuesday.

Oil prices slumped again on Wednesday, with Brent falling to the lowest since 1999, as the market struggled with a massive crude glut amid a collapse in demand for everything from gasoline to jet fuel caused by the coronavirus outbreak.

Norwegian oil firm Aker BP has started production from the first Ærfugl phase 2 well in the Norwegian Sea, which is, according to the company, three years ahead of the original plan.

The oil markets have just gone through an epic long squeeze, with oil prices crashing into negative territory for the first time in history.