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The approval clears the way for final investment decision on the offshore project, which includes a standalone FPSO expected to have a production capacity of 100,000 B/D. First oil is targeted for 2023.

The plan will extend production of the largest field on the Norwegian Continental Shelf to 2040, while also deferring plans to decommission the Statfjord A platform. Statfjord A was originally scheduled to be decommissioned in 2022.

The nonprofit group Oceans Beyond Piracy says the cost of maritime piracy in West Africa was more than $800 million in 2017.

Twenty safety and health leaders from various industries were asked to give their predictions on the trends they see most affecting occupational health and safety in 2020 and beyond, and several themes emerged.

Global OPEX is falling, and the UK has emerged as a cost-cutting powerhouse among global offshore regions feeling the squeeze of uncertain oil prices. In pursuit of lower unit prices, Rystad Energy says that operators and contractors have begun nurturing operational improvements.

The company has launched new climate ambitions to reduce the absolute greenhouse gas emissions from its operated offshore fields and onshore plants in Norway by 40% by 2030, 70% by 2040, and to near zero by 2050.

The deal comes months after the jointly owned Petrogas NEO UK acquired several UK North Sea assets, including a $635-million purchase of Total's stakes in various fields last July. The 2-year deal with Petrofac is valued around $50 million.

Managing noise exposure is complex in terms of accurately assessing sound levels, identifying and ranking the dominant noise sources, and finding effective control solutions.

Talos is hoping to retain its operatorship of the major discovery it made in 2017 offshore Mexico after a reserves audit confirmed the reservoir is shared between two offshore blocks.

Despite having some of industry’s most hazardous working environments, a sector that pioneered the adoption of digital technology has been slow to exploit artificial intelligence and machine learning in the area of health and safety.