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Gas

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Posted: over 2 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 2 years ago
Posted: over 2 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 2 years ago
Posted: over 2 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 2 years ago
  • video
Posted: over 2 years ago
Premium

Global Gas Event 2018: place in future energy mix

Offshore Energy Exhibition & Conference 2018 featured the Global Gas Event. This event discussed...

Categories:
  • Transition
Posted: over 2 years ago
Posted: over 2 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 2 years ago
Posted: over 2 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 2 years ago
Posted: over 2 years ago

Global Petroleum to license Namibia seismic data

Oil and gas company Global Petroleum has agreed to license pre-existing 3D seismic data in its 2011A...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 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 2 years ago
Posted: over 2 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 2 years ago
Posted: over 2 years ago

Otto: Low price environment anything but “business as usual"

Australia-based oil and gas company Otto Energy has taken measures to mitigate the effects of the lo...

Categories:
  • Market outlooks
Posted: over 2 years ago
Posted: over 2 years ago

Brazil suspends oil & gas bidding round due to coronavirus

Brazilian oil and gas regulator ANP has temporarily suspended the country’s 17th Bidding Round...

Categories:
  • Exploration & Production
Posted: over 2 years ago
Posted: over 2 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 2 years ago
Posted: over 2 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 2 years ago
Posted: over 2 years ago

Energean Power FPSO hull heads to Singapore

A hull for the Energean-owned Energean Power FPSO sailed away from the COSCO yard in China on Thursd...

Categories:
  • Project & Tenders
Posted: over 2 years ago
Posted: over 2 years ago

Petronas hires second Alam Maritim AHTS this year

Malaysian offshore support vessels and subsea services provider Alam Maritim Resources has been awar...

Categories:
  • Business & Finance
Posted: over 2 years ago
Posted: over 2 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 2 years ago
Posted: over 2 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 2 years ago
Posted: over 2 years ago

Solstad, Ocean Yield further extend standstill for AHTS duo

Ocean Yield, a ship owning company with investments in vessels on long -term charters, has agreed to...

Categories:
  • Business & Finance
Posted: over 2 years ago
Posted: over 2 years ago

Byron curbs GoM output over oil price volatility

Byron Energy has decided to ramp-down production from the SM71 field in the U.S. Gulf of Mexico due ...

Categories:
  • Business developments & projects
Posted: over 2 years ago
Posted: over 2 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 2 years ago
Posted: over 2 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 2 years ago
Posted: over 2 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 2 years ago
Posted: over 2 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 2 years ago
Posted: over 2 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 2 years ago
Posted: over 2 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 2 years ago