Oil & Gas Archives

over 3 years ago

Tullow identifies further cost savings

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

over 3 years ago

over 3 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...

over 3 years ago

over 3 years ago

Oil price drop pushes Lekoil into cost-cutting mode

Africa-focused oil and gas company Lekoil has approved the immediate and accelerated implementation ...

over 3 years ago

over 3 years ago

Petronas hires second Alam Maritim AHTS this year

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

over 3 years ago

over 3 years ago

Apache in second oil discovery off Suriname

Oil and gas company Apache Corporation has made a ‘significant oil discovery’ at the Sap...

over 3 years ago

over 3 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...

over 3 years ago

over 3 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-...

over 3 years ago

over 3 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...

over 3 years ago

over 3 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 ...

over 3 years ago

over 3 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...

over 3 years ago

over 3 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 ...

over 3 years ago

over 3 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...

over 3 years ago

over 3 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...

over 3 years ago

over 3 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 ...

over 3 years ago

over 3 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...

over 3 years ago

over 3 years 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...

over 3 years ago

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...

over 3 years ago

over 3 years ago

Chevron extends services contract with Worley in Australia

Worley has been awarded a two-year extension to an existing services contract with Chevron in Austra...

over 3 years ago

over 3 years ago

Petrobras firms up deals for Marlim 2 FPSO with Yinson

Malaysian FPSO provider Yinson has signed contracts with Petrobras for the delivery, operation, and ...

over 3 years ago

over 3 years 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’...

over 3 years ago

over 3 years ago

Svitzer bags five-year contract extension with NuStar

Svitzer, a global towage operator and part of Maersk, has secured a five-year extension of its marin...

over 3 years ago

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...

over 3 years ago

over 3 years ago

Shell taps Aker Solutions for brownfield services job in Brunei

Aker Solutions, in a joint venture with PTAS Sdn Bhd, has signed a five-year agreement to provide of...

over 3 years ago

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 ...

over 3 years ago

over 3 years ago

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

The charter agreement and services agreement for the BW Offshore-owned FPSO Cidade de São Mateus wit...

over 3 years ago

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