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Posted: over 4 years ago

Triangle Energy in cost-cutting efforts amid oil price slump

stralia-based Triangle Energy has joined many other oil and gas companies in efforts to preserve fin...

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

Energean and Edison agree to exclude Algerian assets from E&P deal

Energean Oil and Gas and Edison have agreed to exclude Edison E&P’s Algeria assets from th...

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

Tullow identifies further cost savings

Tullow Oil has identified further cost savings while its lenders have approved its credit facility w...

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

Yinson hit with FPSO deal termination after Aker Energy defers Pecan project

Aker Energy has postponed the development of its Pecan field, located offshore Ghana. As a result, A...

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

BP to reduce spending in response to volatile market but no job cuts in next three months

BP has underlined there will be no layoffs in the next three months as a result of coronavirus cost-...

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

Polarcus readies cost reduction plan to mitigate uncertainty facing seismic market

Polarcus has come up with a $15 million cost reduction plan to navigate the current uncertainty faci...

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

Rig utilisation in Southeast Asia set for decline, Rystad’s analysis shows

Southeast Asia’s rig market, which was poised for growth in 2020, is now set for a decline. Several ...

Categories:
  • Market Outlooks
Posted: over 4 years ago
Posted: over 4 years ago

ABS to class new jack-up drilling units for Silver Eagle

ABS, a global classification provider, will provide classification for a series of self-elevating dr...

Categories:
  • Regulation & Policy
Posted: over 4 years ago
Posted: over 4 years ago

CNRI files decommissioning plans for two floating units off UK

CNR International (CNRI) has filed its Banff and Kyle fields decommissioning programs for an FPSO an...

Categories:
  • Authorities & Government
Posted: over 4 years ago
Posted: over 4 years ago

Oil price war and coronavirus to sink global E&P capex to at least 13-year low, Rystad says

Under Rystad Energy’s updated base case scenario of $34 per barrel in 2020 and $44 per barrel ...

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

Helix Energy eyes capex reduction as oil price decline and coronavirus hit the market

Expecting the spot market for 2020 to be significantly weaker than previously predicted, Helix Energ...

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

Cooper’s Sole field starts gas supply into pipeline

Australia’s Cooper Energy has informed that its operated Sole gas field, located offshore Aust...

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

Chevron extends services contract with Worley in Australia

Worley has been awarded a two-year extension to an existing services contract with Chevron in Austra...

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

Norway to include 36 new blocks in this year’s offshore licensing round

Norwegian Ministry of Petroleum and Energy has proposed to include 36 new blocks in this year’...

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

Petrobras firms up deals for Marlim 2 FPSO with Yinson

Malaysian FPSO provider Yinson has signed contracts with Petrobras for the delivery, operation, and ...

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

Shell taps Aker Solutions for brownfield services job in Brunei

Aker Solutions, in a joint venture with PTAS Sdn Bhd, has signed a five-year agreement to provide of...

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

Siccar Point delays Cambo sanction date

Siccar Point Energy has decided to defer its planned sanction date for the Cambo project, located We...

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

Petrobras’ charter for BW Offshore’s FPSO expires with no firm plan in sight

The charter agreement and services agreement for the BW Offshore-owned FPSO Cidade de São Mateus wit...

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

Siccar Point delays sanction date for Cambo project due to coronavirus

Siccar Point Energy has decided to defer its planned sanction date for the Cambo project, located We...

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

Project sanctions take the hit as Woodside halves spending

Australian energy giant Woodside has made a decision to reduce its total expenditure for 2020 by 50%...

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

BP charters Foinaven FPSO for up to ten years

Teekay, which has recently decided to change its name to Altera Infrastructure, has entered into a n...

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

Valaris gets two rig contract terminations in Angola

Valaris has received contract terminations for two rigs operating offshore Angola, one from Total an...

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

Eni defends balance sheet and dividend with huge capex and opex cuts

Eni has decided to reduce its capex and opex for this year and the next as a result of the coronavir...

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

Woodside mulls cost cuts for Sangomar offshore development

Woodside is exploring how the costs for its Sangomar project, located offshore Senegal, can be reduc...

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

Teekay Offshore changes name

Teekay Offshore Partners has changed its name to Altera Infrastructure March 24, 2020. ...

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