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Fossil Energy

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Posted: 12 days ago
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Oil & gas sanctioning in the gutter, industry waiting for business to pick up

Global oil and gas project sanctioning in 2020 has made a colossal drop in comparison to 2019 levels...

Categories:
  • Market outlooks
Posted: 12 days ago
Posted: 12 days ago

Aker Solutions gets five-year contract renewal on Hebron

Aker Solutions has secured a five-year contract extension from ExxonMobil for the provision of EPC s...

Categories:
  • Business & Finance
Posted: 12 days ago
Posted: 12 days ago

Schlumberger cuts 21,000 jobs after ‘the most challenging quarter in past decades’

Giant oilfield services provider Schlumberger is cutting around 21,000 jobs as a response to one of ...

Categories:
  • Business & Finance
Posted: 12 days ago
Posted: 12 days ago

Rystad sees supply glut ahead after second wave of Covid-19 and more OPEC oil hit the market

The upcoming partial return of curtailed OPEC+ oil production from August is set to create a new fou...

Categories:
  • Outlook & strategy
Posted: 12 days ago
Posted: 12 days ago

Eni boasts successful production test at Mediterranean Sea well

Eni has successfully tested the well drilled on the prospect called Bashrush, in the North El Hammad...

Categories:
  • Exploration & Production
Posted: 12 days ago
Posted: 12 days ago

GMS wraps up intervention job on live well using cantilever workover

GMS has completed its first well intervention workscope using the company’s cantilever workove...

Categories:
  • Operations & Maintenance
Posted: 12 days ago
Posted: 12 days ago

Chevron to restart 2nd Gorgon LNG train in September

Chevron is looking to place back online the second train at its Gorgon LNG plant in Australia in Sep...

Categories:
  • Business developments & projects
Posted: 12 days ago
Posted: 12 days ago

OMV delineates Hades discovery in Norwegian Sea

OMV is the process of concluding the drilling of an appraisal well on the Hades gas/condensate disco...

Categories:
  • Exploration & Production
Posted: 12 days ago
Posted: 13 days ago

ION in its first Mauritania 3D multi-client

ION has announced the first 3D multi-client program in Mauritania with the Ministry of Petroleum, Mi...

Categories:
  • Business developments & projects
Posted: 13 days ago
Posted: 13 days ago

Chinese offshore oil and gas company joins ADNOC’s concessions

ADNOC has entered into an agreement for the transfer of rights in its Lower Zakum and Umm Shaif and ...

Categories:
  • Business & Finance
Posted: 13 days ago
Posted: 13 days ago

Hurricane stabilises Lancaster field output

Hurricane Energy has stabilised production from its Lancaster field following the commissioning of t...

Categories:
  • Exploration & Production
Posted: 13 days ago
Posted: 13 days ago

Eni confirms gas potential in discovery offshore Vietnam

Eni has discovered a significant hydrocarbon accumulation on the Ken Bau discovery located in Block ...

Categories:
  • Exploration & Production
Posted: 13 days ago
Posted: 13 days ago

Sparrows wins three-year contract renewal in India

Sparrows Group has secured a three-year contract renewal to supply a rental crane to Vedanta Resourc...

Categories:
  • Equipment
Posted: 13 days ago
Posted: 13 days ago

Karoon changes terms for Brazilian oilfield acquisition

Karoon has executed a binding agreement to amend the sale and purchase agreement to acquire a 100 pe...

Categories:
  • Business & Finance
Posted: 13 days ago
Posted: 13 days ago

Russia’s Lukoil enters as Cairn exits Sangomar project in Senegal

Cairn Energy has entered into an agreement to sell to Russia’s Lukoil its entire 40 per cent i...

Categories:
  • Business & Finance
Posted: 13 days ago
Posted: 13 days ago

U.S. offshore rig count stays flat for another week

The U.S. offshore rig count has not changed for the third week in a row now, according to a Friday r...

Categories:
  • Exploration & Production
Posted: 13 days ago
Posted: 16 days ago

Charges and revenue drop drag Schlumberger into the red

Oilfield services major Schlumberger recognised a $3.34 billion loss in the second quarter on $3.7 b...

Categories:
  • Business & Finance
Posted: 16 days ago
Posted: 16 days ago

TAQA files decommissioning plans for two North Sea platform topsides

TAQA Bratani has filed its decommissioning programs for the Tern and North Cormorant platform topsid...

Categories:
  • Authorities & Government
Posted: 16 days ago
Posted: 16 days ago

Kim Heng buys two anchor handling tugs from distressed seller

Offshore and marine services provider Kim Heng Offshore & Marine has bought two anchor handling ...

Categories:
  • Vessels
Posted: 16 days ago
Posted: 16 days ago

Havila bags three-year job for subsea vessel in Brazil

Norwegian offshore shipping company Havila has been awarded a three-year contract for its subsea ves...

Categories:
  • Vessels
Posted: 16 days ago
Posted: 16 days ago

Equinor sees red as low oil price and Covid-19 halve 2Q revenues

Equinor sank to the red in the second quarter of the year as its revenues were halved amid Covid-19 ...

Categories:
  • Business & Finance
Posted: 16 days ago
Posted: 17 days ago

EMGS loss widens on halved revenues

Norwegian geophysical services company EMGS has seen its second-quarter loss widened as revenues sli...

Categories:
  • Business & Finance
Posted: 17 days ago
Posted: 17 days ago

UN Security Council urged to prevent oil spill from leaking oil tanker wreck off Yemen

The condition of the decaying oil storage vessel Safer, floating north of Hodeidah, Yemen, is deteri...

Categories:
  • Vessels
Posted: 17 days ago
Posted: 17 days ago

Repsol swings to loss as asset impairments bite

Repsol booked a loss in the second quarter of the year after being forced to re-evaluate its upstrea...

Categories:
  • Business & Finance
Posted: 17 days ago
Posted: 17 days ago

More red ink for PGS

PGS has seen its Q2 2020 loss widened, as revenues fell more than 50 percent. The Oslo-listed seismi...

Categories:
  • Business & Finance
Posted: 17 days ago
Posted: 17 days ago

Shell gets green light for Brent Alpha jacket decommissioning plan

UK authorities have approved Shell’s decommissioning plan for the Brent Alpha jacket, located ...

Categories:
  • Authorities & Government
Posted: 17 days ago