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News

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Posted: over 4 years ago

Petrobras to shut down 62 offshore platforms

Petrobras has decided to halt operations at 62 platforms located offshore Brazil due to the effects ...

Categories:
  • Exploration & Production
Posted: over 4 years ago
Posted: over 4 years ago

ADNOC cancels Petrofac's Dalma contract

Oilfield services provider Petrofac has received a contract termination from ADNOC for the Dalma gas...

Categories:
  • Business Developments & Projects
Posted: over 4 years ago
Posted: over 4 years ago

Shell in push to become net-zero business by 2050

Oil major Shell has revealed its plans to become a net-zero emissions energy business by 2050 or soo...

Categories:
  • Outlook & Strategy
Posted: over 4 years ago
Posted: over 4 years ago

ONGC to extend charter for Bumi Armada FPSO

Malaysian FPSO operator Bumi Armada has received an extension of a charter contract for its Armada S...

Categories:
  • Business Developments & Projects
Posted: over 4 years ago
Posted: over 4 years ago

Noble Energy in further spending cuts

Noble Energy has further reduced its 2020 capex, executive team salaries, and implemented a furlough...

Categories:
  • Business & Finance
Posted: over 4 years ago
Posted: over 4 years ago

Energean Power FPSO reaches Singapore yard

Energean’s FPSO unit, meant for the Karish and Tanin development offshore Israel, has reached ...

Categories:
  • Business Developments & Projects
Posted: over 4 years ago
Posted: over 4 years ago

Saipem's Scarabeo 9 rig crosses Bosphorus

Saipem’s Scarabeo 9 semi-submersible offshore drilling rig has crossed the Bosphorus Strait fo...

Categories:
  • Exploration & Production
Posted: over 4 years ago
Posted: over 4 years ago

Lundin extends credit line

Lundin Energy has secured a further credit commitment to provide the company with further financing ...

Categories:
  • Business & Finance
Posted: over 4 years ago
Posted: over 4 years ago

Hurricane confirms 'extraordinary productivity' at Lancaster

Hurricane Energy has confirmed the “extraordinary productivity” of two wells and the res...

Categories:
  • Exploration & Production
Posted: over 4 years ago
Posted: over 4 years ago

OMV makes discovery off New Zealand

OMV has discovered hydrocarbons at an exploration well offshore New Zealand. ...

Categories:
  • Exploration & Production
Posted: over 4 years ago
Posted: over 4 years ago

Hornbeck enters into restructuring agreement with lenders

U.S. offshore vessel operator Hornbeck Offshore has entered into a restructuring support agreement f...

Categories:
  • Business & Finance
Posted: over 4 years ago
Posted: over 4 years ago

Bristow and Era step closer to closing merger

Offshore helicopter operator Bristow and its peer Era Group are one step closer to closing their pre...

Categories:
  • Business & Finance
Posted: over 4 years ago
Posted: over 4 years ago

Borr Drilling gets early terminations and new contracts

Borr Drilling has received notices of early termination for several of its drilling rig contracts, b...

Categories:
  • Project & Tenders
Posted: over 4 years ago
Posted: over 4 years ago

Lamprell mothballs one yard

Offshore construction yard Lamprell is implementing a program aimed at achieving a significant reduc...

Categories:
  • Business Developments & Projects
Posted: over 4 years ago
Posted: over 4 years ago

API greets OPEC+ deal but sees ‘significant challenges’ ahead

The American Petroleum Institute has welcomed a historic OPEC+ agreement to curb global crude oil pr...

Categories:
  • Business Developments & Projects
Posted: over 4 years ago
Posted: over 4 years ago

Baker Hughes to take $15 billion impairment charge

Oilfield services provider Baker Hughes will be taking a $15 billion non-cash goodwill impairment ch...

Categories:
  • Business & Finance
Posted: over 4 years ago
Posted: over 4 years ago

OPEC+ deal to slash output ends oil price war

After four days of negotiations OPEC, Russia, and allies have agreed on record production cuts to sa...

Categories:
  • Business Developments & Projects
Posted: over 4 years ago
Posted: over 4 years ago

Death on Saipem vessel not linked to coronavirus

A worker has died onboard the Saipem FDS vessel, currently located in the port district of Waalhaven...

Categories:
  • Safety
Posted: over 4 years ago
Posted: over 4 years ago

Pacific Drilling's NYSE listing at risk

Pacific Drilling has received notice from the New York Stock Exchange (NYSE) stating that the compan...

Categories:
  • Business & Finance
Posted: over 4 years ago
Posted: over 4 years ago

OMV halts New Zealand ops

OMV has decided to postpone its drilling plans offshore New Zealand and Greenpeace is claiming a win...

Categories:
  • Exploration & Production
Posted: over 4 years ago
  • long read
Posted: over 4 years ago

OPEC+ on the verge of ending oil price war

OPEC, Russia, and allies are on the verge of ending the oil price war in an effort to save the oil i...

Categories:
  • Outlook & Strategy
Posted: over 4 years ago
Posted: over 4 years ago

Lukoil readies jacket for Caspian Sea

Russia’s Lukoil has moved on to the next stage of facilities construction for the Valery Grayf...

Categories:
  • Project & Tenders
Posted: over 4 years ago
Posted: over 4 years ago

BW blocked from removing FPSO Umuroa from New Zealand field

BW Offshore’s efforts to remove its FPSO Umuroa from a field offshore New Zealand following la...

Categories:
  • Business & Finance
Posted: over 4 years ago
  • long read
Posted: over 4 years ago

Oil price war and coronavirus bite into Noble’s rig contracts

The oil price war and the coronavirus pandemic are already taking their toll on the oil and gas serv...

Categories:
  • Business Developments & Projects
Posted: over 4 years ago
Posted: over 4 years ago

U.S. offshore rig count unchanged

The number of offshore rigs in the U.S. has not changed for two weeks in a row now and is stuck at 1...

Categories:
  • Infrastructure
Posted: over 4 years ago