Overview page containing news articles

Oil

List of the highlighted articles

Posted: about 1 year 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: about 1 year ago
Posted: about 1 year ago

Massive supply-demand imbalance is upon us

Saudi Arabia’s decision to flood the market with crude oil at a time when demand is in doldrums amid...

Categories:
  • Business & Finance
Posted: about 1 year ago
Posted: about 1 year 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: about 1 year ago
Posted: about 1 year ago

Triangle Energy in cost-cutting efforts amid oil price slump

stralia-based Triangle Energy has joined many other oil and gas companies in efforts to preserve fin...

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: about 1 year ago

Energean and Edison agree to exclude Algerian assets from E&P deal

Energean Oil and Gas and Edison have agreed to exclude Edison E&P’s Algeria assets from th...

Categories:
  • Business developments & projects
Posted: about 1 year ago
Posted: about 1 year 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: about 1 year ago
Posted: about 1 year 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: about 1 year ago
Posted: about 1 year ago

Oil price drop pushes Lekoil into cost-cutting mode

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

Categories:
  • Outlook & strategy
Posted: about 1 year ago
Posted: about 1 year 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: about 1 year ago
Posted: about 1 year ago

Apache in second oil discovery off Suriname

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

Categories:
  • Exploration & Production
Posted: about 1 year ago
Posted: about 1 year 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: about 1 year ago
Posted: about 1 year 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: about 1 year ago
Posted: about 1 year 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: about 1 year ago
Posted: about 1 year 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: about 1 year ago
Posted: about 1 year 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: about 1 year ago
Posted: about 1 year 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: about 1 year ago
Posted: about 1 year 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: about 1 year ago
Posted: about 1 year 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: about 1 year ago
Posted: about 1 year 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: about 1 year ago
Posted: about 1 year 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: about 1 year ago
Posted: about 1 year 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: about 1 year ago
Posted: about 1 year 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:
  • Infrastructure
Posted: about 1 year ago
Posted: about 1 year 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...

Categories:
  • Business & Finance
Posted: about 1 year ago
Posted: about 1 year 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 ...

Categories:
  • Project & Tenders
Posted: about 1 year ago
Posted: about 1 year 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’...

Categories:
  • Infrastructure
Posted: about 1 year ago