Cost Cuts Appear to Harm Norway Oil Industry Safety -Watchdog

By Nerijus Adomaitis OSLO, Feb 20 (Reuters) - Cost cuts by Norway's oil and gas industry appear to have contributed to a rise in accidents in recent years, the head of the country's Petroleum Safety Authority (PSA) said on Monday. Oil firms have slashed spending since 2014 in a bid to stay profitable at a time when the price of crude has fallen by more than 50 … [Read more...]

Petrobras’ Safety Issues in Campos Basin May Cause More Work Stoppages

RIO DE JANEIRO, Feb 23 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA could face new production stoppages on platforms in the Campos Basin if it does not resolve lingering safety issues, the Folha de S. Paulo newspaper reported on Sunday. The company, best known as Petrobras, has improved safety standards in its offshore fields in the last two years but … [Read more...]

Norwegian Regulators Sharpen Focus on Offshore Drillers and Arctic Safety

By Gwladys Fouche STAVANGER, Norway, Jan 16 (Reuters) - Oil companies are overlooking some vital safety issues when preparing to drill in frontier Arctic areas, the head of the safety watchdog for the Norwegian oil industry said. The Arctic is estimated to hold some 30 percent of the world's undiscovered gas and 13 percent of its untapped oil, which is leading energy … [Read more...]

North Sea Helicopter Operators Suspend Flights of the Super Puma

  LONDON--Two helicopter operators that transport workers to oil rigs in the North Sea have suspended flights using Super Puma aircraft after one was forced to ditch on Monday. CHC Helicopter and Bond Aviation took the decision after a Eurocopter EC225 Super Puma ditched south west of Shetland, an archipelago that marks the division of the Atlantic Ocean and the … [Read more...]