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Gas

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Posted: 3 months ago

Giant Pioneering Spirit vessel put in charge of removal and disposal at Valhall

Aker BP has awarded a call-off for removal and disposal of multiple installations in the Valhall are...

Categories:
  • Project & Tenders
Posted: 3 months ago
Posted: 3 months ago

Nova topside module ready for transport and installation in North Sea

Neptune Energy has reported that the load out of the 740-tonne topside module for the Nova brownfiel...

Categories:
  • Project & Tenders
Posted: 3 months ago
Posted: 3 months ago

KrisEnergy closes Indonesian deal with BP

KrisEnergy has completed the sale of its participating interest in the Andaman II PSC located in the...

Categories:
  • Business developments & projects
Posted: 3 months ago
  • video
Posted: 4 months ago
Premium

Global Gas Event: Place of gas and oil in future energy mix

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

Categories:
  • Transition
Posted: 4 months ago
Posted: 4 months ago

ExxonMobil shaves $10 billion off its capital investment for 2020

Oil major ExxonMobil is reducing its 2020 capital spending by 30 percent and lowering cash operating...

Categories:
  • Business developments & projects
Posted: 4 months ago
Posted: 4 months 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: 4 months ago
Posted: 4 months ago

Global Petroleum to license Namibian block seismic data in push to conserve cash

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

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

Low oil price environment not “business as usual” for Otto Energy

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

Categories:
  • Market outlooks
Posted: 4 months ago
Posted: 4 months 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: 4 months ago
Posted: 4 months 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: 4 months ago
Posted: 4 months ago

Tullow identifies further cost savings as lenders approve credit

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

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

Energean’s FPSO hull heads to Singapore for topside integration

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

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

Petronas hires second Alam Maritim anchor handler this year

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

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

Solstad and Ocean Yield in fresh extension of standstill agreement for anchor handling duo

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

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

Byron Energy curbs Gulf of Mexico output due to sharp decline in oil price

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: 4 months ago
Posted: 4 months 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: 4 months ago
Posted: 4 months 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: 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 classification for a series of self-elevating dr...

Categories:
  • Regulation & policy
Posted: 4 months ago
Posted: 4 months 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: 4 months ago
Posted: 4 months 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: 4 months ago
Posted: 4 months 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: 4 months ago
Posted: 4 months ago

EnQuest cleared to decommission Alma and Galia FPSO

UK oil and gas company EnQuest has received approval from the UK authorities for its decommissioning...

Categories:
  • Regulation & policy
Posted: 4 months ago