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News

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Posted: over 3 years ago

Salary, headcount, and capex reductions at Wood

Wood has decided to implement salary, headcount, and capex reductions as a response to the volatile ...

Categories:
  • Business & Finance
Posted: over 3 years ago
Posted: over 3 years ago

Petrobras trims oil output as low demand bites

Petrobras has joined numerous oil and gas operators in actions to reduce costs amid low oil price en...

Categories:
  • Business & Finance
Posted: over 3 years ago
Posted: over 3 years ago

TechnipFMC plans 30 pct reduction in 2020 capex

Oilfield services company TechnipFMC is taking a set of actions in response to the current market en...

Categories:
  • Business & Finance
Posted: over 3 years ago
Posted: over 3 years ago

ONGC achieves first gas from project off India

Early first gas has been achieved on ONGC’s 98/2 Block located in the Krishna Godavari Basin, ...

Categories:
  • Project & Tenders
Posted: over 3 years ago
Posted: over 3 years ago

Aker Solutions in temporary layoffs over market slowdown

Aker Solutions has revealed a package of measures to mitigate the effects of the coronavirus and sha...

Categories:
  • Business & Finance
Posted: over 3 years ago
Posted: over 3 years ago

Subsea 7 braces for coronavirus impact

Due to the general uncertainty in the world and for the industry caused by the coronavirus and the c...

Categories:
  • Business & Finance
Posted: over 3 years ago
Posted: over 3 years ago

BP boss says 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:
  • Business & Finance
Posted: over 3 years ago
Posted: over 3 years ago

Polarcus readies cost reduction plan to mitigate uncertainty

Polarcus’ cost reduction plan includes redundancies, reduction of base salary and capex, and w...

Categories:
  • Business & Finance
Posted: over 3 years ago
Posted: over 3 years ago

Rystad: Rig utilization in Southeast Asia set for decline

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

Categories:
  • Exploration & Production
Posted: over 3 years ago
Posted: over 3 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:
  • Project & Tenders
Posted: over 3 years ago
Posted: over 3 years ago

ABS to class new drilling units for Silver Eagle

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

Categories:
  • Exploration & Production
Posted: over 3 years ago
Posted: over 3 years ago

Coor inks facility management extension with Equinor

Norwegian oil major Equinor has extended its offshore agreement with facility management provider Co...

Categories:
  • Business & Finance
Posted: over 3 years ago
Posted: over 3 years ago

McDermott hired for pre-FEED on BHP's Trion FPU

McDermott has been awarded a sizeable contract by BHP to provide pre-FEED services for a floating pr...

Categories:
  • Business & Finance
Posted: over 3 years ago
Posted: over 3 years ago

Charter for BW's FPSO with Petrobras expires

BW Offshore has stated that the charter agreement and services agreement for the FPSO Cidade de São ...

Categories:
  • Business & Finance
Posted: over 3 years ago
Posted: over 3 years ago

Norway to include 36 new blocks in APA 2020

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

Posted: over 3 years ago
Posted: over 3 years ago

Coronavirus outbreak delays Thali farm-out, well drilling

Oil and gas company Tower Resources has delayed the completion date for its Thali PSC farm-out over ...

Categories:
  • Project & Tenders
Posted: over 3 years ago
Posted: over 3 years ago

Tendeka wins completion job on Mubadala's Thai fields

Independent completions service company Tendeka has signed a three-year contract with Mubadala Petro...

Categories:
  • Business & Finance
Posted: over 3 years ago
Posted: over 3 years ago

Spirit boosts output at two North Sea fields

Following successful offshore drilling campaigns, oil and gas company Spirit Energy has boosted prod...

Categories:
  • Infrastructure
Posted: over 3 years ago
Posted: over 3 years ago

Worker evacuated from FPSO tests positive for coronavirus

Hurricane Energy has confirmed that a crew member on the Aoka Mizu FPSO at the Lancaster field has b...

Categories:
  • Infrastructure
Posted: over 3 years ago
Posted: over 3 years ago

Valaris gets two contract terminations in Angola

Offshore drilling contractor Valaris has received contract terminations for two rigs operating offsh...

Categories:
  • Exploration & Production
Posted: over 3 years ago
Posted: over 3 years ago

OMV to make budget cuts for 2020

Joining other oil and gas operators in actions to safeguard their businesses amid coronavirus crisis...

Categories:
  • Business & Finance
Posted: over 3 years ago
Posted: over 3 years ago

Eni defends balance sheet with capex and opex cuts

Italian oil and gas company Eni has decided to reduce its capex and opex for this year and the next ...

Categories:
  • Business & Finance
Posted: over 3 years ago
Posted: over 3 years ago

Vaalco wraps up drilling campaign off Gabon

Vaalco has completed its 2019/2020 drilling campaign in the Etame Marin permit offshore Gabon, which...

Categories:
  • Exploration & Production
Posted: over 3 years ago
Posted: over 3 years ago

AGS in North Sea contract cancellation

Axxis Geo Solutions (AGS), a Norwegian ocean bottom node seismic company, has received a cancellatio...

Posted: over 3 years ago
Posted: over 3 years ago

Coronavirus spread pushes Bahamas well to October

Bahamas Petroleum Company (BPC) has further pushed back the drilling of its first exploration well i...

Categories:
  • Project & Tenders
Posted: over 3 years ago