Oil Archives

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

over 3 years ago

Siccar Point delays sanction date for Cambo project due to coronavirus

Siccar Point Energy has decided to defer its planned sanction date for the Cambo project, located We...

over 3 years ago

over 3 years ago

FAR and Woodside reach settlement in Senegal dispute

Australian FAR Limited has reached a settlement with compatriot Woodside related to Woodside’s...

over 3 years ago

over 3 years ago

Johan Sverdrup to reach plateau production early

The Equinor-operated Johan Sverdrup field in the North Sea is expected to reach plateau production f...

over 3 years ago

over 3 years ago

Spirit boosts output at two North Sea fields

Following successful offshore drilling campaigns, oil and gas company Spirit Energy has boosted prod...

over 3 years ago

over 3 years ago

BP charters Foinaven FPSO for up to ten years

Teekay, which has recently decided to change its name to Altera Infrastructure, has entered into a n...

over 3 years ago

over 3 years ago

Cairn makes 'significant' reductions to capex

Cairn Energy has made significant reductions and deferrals regarding its 2020 program, representing ...

over 3 years ago

over 3 years ago

Oil price drop, coronavirus push EMGS into cost-saving mode

Sharp oil price drop and the global coronavirus pandemic have pushed Norwegian seismic survey compan...

over 3 years ago

over 3 years ago

Worker evacuated from FPSO tests positive for coronavirus

Hurricane Energy has confirmed that a crew member on the Aoka Mizu FPSO at the Lancaster field has b...

over 3 years ago

over 3 years ago

Valaris gets two rig contract terminations in Angola

Valaris has received contract terminations for two rigs operating offshore Angola, one from Total an...

over 3 years ago

over 3 years ago

OMV to make budget cuts for 2020

Joining other oil and gas operators in actions to safeguard their businesses amid coronavirus crisis...

over 3 years ago

over 3 years ago

Rystad: Oil price drop to slash African state budgets

Africa’s expected production is set to decline for most of this decade and energy-reliant state budg...

over 3 years ago

over 3 years ago

Tsakos: We are experts in navigating things

The first two quarters of 2020 look very promising for the tanker markets, according to Nikolas Tsak...

over 3 years ago

over 3 years ago

Eni defends balance sheet and dividend with huge capex and opex cuts

Eni has decided to reduce its capex and opex for this year and the next as a result of the coronavir...

over 3 years ago

over 3 years ago

Vaalco wraps up drilling campaign off Gabon

Vaalco has completed its 2019/2020 drilling campaign in the Etame Marin permit offshore Gabon, which...

over 3 years ago

over 3 years ago

Murphy Oil CEO on medical leave over coronavirus concerns

President and chief executive officer (CEO) of U.S. oil and gas company Murphy Oil has taken a tempo...

over 3 years ago

over 3 years ago

ConocoPhillips to take operatorship of Australian permit

Australia’s 3D Oil Limited and ConocoPhillips have executed a joint operating agreement (JOA) in rel...

over 3 years ago

over 3 years ago

Coronavirus spread pushes Bahamas well drilling to October

London-listed oil company Bahamas Petroleum Company (BPC) has further pushed back the drilling of it...

over 3 years ago

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