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Use of extended offshore periods does not accord with the safety regulation , PSA tells Equinor

Safety On site: Equinor chief executive Anders Opedal (right) in front of the Johan Sverdrup living quarters platform at Kvaerner’s Stord yard in Norway Photo: OLE KETIL HELGESEN/UPSTREAM Use of extended offshore periods does not accord with the safety regulation , PSA tells Equinor Reduction in Equinor s offshore workforce since 2016 causing safety concerns, according to Norwegian watchdog 7 April 2021 10:44 GMT Updated  7 April 2021 11:33 GMT in  Stavanger Norway’s Petroleum Safety Authority (PSA) has raised concerns that Equinor’s low manning and frequent use of extended offshore periods for workers is a safety hazard and has ordered the company to find a solution to the issue.

Saipem to Pay Up for Overtime Work Violation on Rig

Saipem to Pay Up for Overtime Work Violation on Rig Posted 05/03/2021 10:02 Italian oilfield services provider Saipem Norway will pay an agreed amount to two offshore workers in Norway due to the violation of working hours regulations in order to regularise the agreement between Saipem and the workers. Norwegian union, Industri Energi, said on Thursday it has ensured that two ROV pilots in Saipem are compensated a total of over NOK 966,000 (about $113,300) after violating the working hours regulations over the course of two months. “This shows how important the trade unions are”, said Industri Energi OSA inspector, Wayne Pena. Industri Energi received a notification of a breach of working time regulations on board the semi-submersible rig Scarabeo 8 last autumn.

Vysus Group awarded risk consulting contract by Norway s PSA

Boom! LNG spot prices rocket to record levels [LNG Condensed]

Boom! LNG spot prices rocket to record levels [LNG Condensed] Feb 11, 2021 12:35:pm Summary Just when you thought it was safe to go back in the water, severe cold across much of northern Asia has boosted short-term LNG demand, sending spot prices for LNG and LNG carriers sky-rocketing. However, this represents a temporary period of volatility, exposing limitations in the LNG supply chain’s ability to respond to peak demand events, with markets likely to settle towards the end of the first quarter. The LNG market will remain over-supplied in 2021, but the rebalancing process will gain pace in 2022 as higher demand emerges from post-pandemic Asia. [LNG Condensed Volume 3, Issue 1 - January/February 2021]

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