Offshore accommodation specialist Prosafe has informed that its Safe Caledonia rig contract with France's Total would be pushed back by one year.

The authorities have now granted consent to Equinor for a 10-year lifetime extension for the Troll B platform in the North Sea.

Even before the current spate of Saudi-led lunacy in the shape of the oil price war with the two biggest oil producers in the world loomed into view, Kuwait’s 2020/21 budget projected a KWD 9.2 billion (US$30 billion) deficit.

The oil world was hyper-focused on what OPEC+ might do over the past week, and on what the Texas Railroad Commission might do as a follow-up measure.

Russian oil companies are examining which wells they will cork, looking mainly at mature fields where production was falling anyway and as Moscow needs to deliver its biggest output cut ever to comply with the new global supply deal, sources said.

The UK-focused oil firm Hurricane Energy has said it is very pleased with the performance of its Lancaster Early Production System offshore the UK.

Mexico’s Petroleos Mexicanos expects to receive some relief from its oil hedge this year as producers grapple with a record slump in demand.

The physical oil market, where millions of barrels of real cargoes are traded each day, needed OPEC+’s historic cuts to global crude production months ago.

Brazilian offshore drilling services provider Ocyan has launched Ocyan Waves program, where start-ups can register and provide their solutions for Ocyan's internal challenges.

Well, it’s done and dusted. After keeping the world on the edge of its figurative seat for several days last week, OPEC+ announced a paltry 10 mm BOPD cut to its output on Thursday the 9th of April.