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News

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Posted: over 4 years ago

Equinor farms out two Norwegian licences

Lime Petroleum has signed an agreement with Equinor to acquire 20 per cent interests in each of the ...

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

Offshore drillers will be living on the edge

The Covid-19 epidemic and the ongoing oil price war have ravaged global energy markets during the la...

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

Petrobras cutting costs through severance plans

Petrobras has made plans to achieve additional cost reductions through its incentive retirement and ...

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

Prosafe in talks with operators

Prosafe, a provider of semi-submersible accommodation rigs, is in talks with operators related to po...

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

World’s top exploration wells at risk, Rystad says

At least nine of the world’s top planned exploration wells for 2020 are at risk of being suspended a...

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

Contract extension for Petrojarl Knarr FPSO

Shell has awarded a contract extension to the Petrojarl Knarr FPSO owned by Altera Infrastructure, p...

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

Energean sees uplift in Karish North volumes

An independent competent persons report for Energean’s Karish North field, located offshore Israel, ...

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

Seadrill gets listing warning

Offshore drilling contractor Seadrill Limited has been given a continued listing standard notice fro...

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

Ten exploration wells delayed in Norway

Exploration activity offshore Norway has been reduced and 10 wildcat wells previously planned for th...

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

Ineos in Forties pipeline shutdown delay

UK’s Ineos has decided to postpone its planned shutdown of the Forties pipeline system until t...

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

Pioneering Spirit in charge of removal at Valhall

Aker BP has awarded a call-off for removal and disposal of multiple installations in the Valhall are...

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

Nova topside module ready for North Sea

Neptune Energy has reported that the load out of the 740-tonne topside module for the Nova brownfiel...

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

Petrobras makes second oil discovery this month

Brazilian oil and gas company Petrobras has identified the presence of oil in an exploration well of...

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

KrisEnergy, BP close Indonesian deal

KrisEnergy has completed the sale of its participating interest in the Andaman II PSC located in the...

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

ExxonMobil shaves $10 billion off capex

Oil major ExxonMobil is reducing its 2020 capital spending by 30 percent and lowering cash operating...

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

Ithaca Energy halves capex for 2020

Oil and gas company Ithaca Energy has more than halved its capital expenditures for the year due to ...

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

OPEC and OPEC+ to end oil price

The African Energy Chamber, a chamber of networks, transactions, and partnerships at the helm of Afr...

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

Total sheds $400 million worth of assets

In line with its objective to divest $5 billion during 2019-2020, Total is pursuing the divestments ...

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

Wintershall Dea strikes oil close to Maria field

Oil and gas company Wintershall Dea Norge has made an oil discovery near the Maria field in the Norw...

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

Equinor finds oil in first operated Gulf of Mexico well since 2015

Norwegian oil major Equinor has encountered oil in the Monument exploration well in the U.S. Gulf of...

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

Petrofac to reduce its headcount by 20 pct in response to coronavirus crisis

Petrofac is joining other providers in actions responding to the unprecedented market conditions. As...

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

SpotOn Energy gains exclusivity for Barryroe farm-in

Providence Resources has moved to raise about $3 million through the issue of new shares and entered...

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

Aker BP makes minor gas discovery near Skarv field

Aker BP has made a minor gas discovery southwest of the Skarv field in the Norwegian Sea.  ...

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

Shelf Drilling gets third termination in less than a month

Shelf Drilling has entered into a mutual agreement with a customer to shorten the contract for anoth...

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

Not much wiggle room to cut supply chain costs in 2020 downturn, Rystad says

In the downturn of 2020, global exploration & production operators will only be able to cut supp...

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