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Posted: 4 months ago

Salary, headcount, and capex reductions ahead as Wood braces for lower activity levels

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

Categories:
  • Business & Finance
Posted: 4 months ago
Posted: 4 months 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: 4 months ago
Posted: 4 months ago

TechnipFMC responds to market challenges with plans to cut capex by 30 pct

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

Categories:
  • Business & Finance
Posted: 4 months ago
Posted: 4 months ago

ONGC achieves first gas from project offshore India

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

Categories:
  • Project & Tenders
Posted: 4 months ago
Posted: 4 months ago

Aker Solutions mitigating effects of market slowdown with temporary layoffs, salary freeze for execs

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

Categories:
  • Business & Finance
Posted: 4 months ago
Posted: 4 months ago

Subsea 7 braces for coronavirus impact on market

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

Categories:
  • Business & Finance
Posted: 4 months ago
Posted: 4 months 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:
  • Business & Finance
Posted: 4 months ago
Posted: 4 months ago

Polarcus readies cost reduction plan to mitigate uncertainty facing seismic market

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

Categories:
  • Business & Finance
Posted: 4 months ago
Posted: 4 months ago

Rig utilization 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:
  • Exploration & Production
Posted: 4 months ago
Posted: 4 months 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: 4 months ago
Posted: 4 months ago

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

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

Categories:
  • Exploration & Production
Posted: 4 months ago
Posted: 4 months ago

Coor inks extension for offshore facility management with Equinor

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

Categories:
  • Business & Finance
Posted: 4 months ago
Posted: 4 months ago

BHP hires McDermott for Trion floating production unit pre-FEED

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

Categories:
  • Business & Finance
Posted: 4 months ago
Posted: 4 months ago

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

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

Categories:
  • Business & Finance
Posted: 4 months ago
Posted: 4 months 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’...

Posted: 4 months ago
Posted: 4 months ago

Cameroon: Thali farm-out, well drilling on hold as PSC enters force majeure

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

Categories:
  • Project & Tenders
Posted: 4 months ago
Posted: 4 months ago

Tendeka wins completion job on Mubadala’s Thai field trio

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

Categories:
  • Business & Finance
Posted: 4 months ago
Posted: 4 months ago

Spirit Energy boosts output at two North Sea fields

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

Categories:
  • Infrastructure
Posted: 4 months ago
Posted: 4 months ago

Offshore 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: 4 months ago
Posted: 4 months ago

Valaris gets two rig contract terminations in Angola

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

Categories:
  • Exploration & Production
Posted: 4 months ago
Posted: 4 months ago

OMV joins line of oil and gas operators making budget cuts for 2020

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

Categories:
  • Business & Finance
Posted: 4 months ago
Posted: 4 months ago

Eni defends balance sheet and dividend with huge 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: 4 months ago