Weak demand for services in the oil sector is helping operator Premier Oil to reduce costs on its Vette and Sea Lion projects, the firm said this morning.

The Petroleum Safety Authority Norway (PSA) has completed its investigation into two incidents which occurred on ConocoPhillips’ Eldfisk complex, in the Norwegian North Sea, on 6-8 August 2014.

DOF, an offshore supply vessels owner from Norway, has sold and delivered the vessel Skandi Fjord to new owners.

Italian oil company Eni is reportedly preparing to start oil production from its Goliat field, in the Barents Sea, in a few weeks after years of delay.

Accumulated oil production from the Alvheim area has passed the 300 MMbbl mark, Det Norske said Wednesday.

The Norwegian Petroleum Directorate (NPD) has granted Wintershall Norge AS a drilling permit for well 35/11-18, in the Norwegian sector of the North Sea.

The Danish North Sea high-pressure, high-temperature Hejre oil field project continues to be challenged by delays from its supplier consortium, according to operator DONG Energy.

Premier Oil has agreed to not pay dividends for two years under a renegotiation of agreements with banks and bondholders designed to increase its financial flexibility against a backdrop of sharply lower crude prices.

EnQuest, an independent UK-based oil and gas company, has informed that first oil from its Alma/Galia development, located in the UK North Sea, is anticipated within a few weeks.

Airborne Oil & Gas has won a deal to supply a Thermoplastic Composite Pipe (TCP) Flowline to link two offshore platforms, operated by Malaysia’s Petronas.