Overview page containing news articles

Oil

List of the highlighted articles

Posted: 5 months ago

African Energy Chamber urges OPEC and OPEC+ to end oil price war

The African Energy Chamber, a chamber of networks, transactions, and partnerships at the helm of Afr...

Categories:
  • Business & Finance
Posted: 5 months ago
Posted: 5 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: 5 months ago
Posted: 5 months ago

Wintershall Dea strikes oil close to Maria field

Oil and gas company Wintershall Dea Norge has made an oil discovery near the Maria field in the Norw...

Categories:
  • Exploration & Production
Posted: 5 months ago
Posted: 5 months ago

Offshore regulator assessing Santos’ environment plan for Ningaloo Vision FPSO

Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA...

Categories:
  • Regulation & policy
Posted: 5 months ago
Posted: 5 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: 5 months ago
Posted: 5 months ago

GALLERY: World’s largest semi-sub crane vessel lifts Equinor’s Snorre module

The world’s largest semi-submersible crane vessel, Heerema’s Sleipnir, has lifted a modu...

Categories:
  • Heavy lifting
Posted: 5 months ago
Posted: 5 months ago

Equinor finds oil in first operated Gulf of Mexico well since 2015

Norwegian oil major Equinor has encountered oil in the Monument exploration well in the U.S. Gulf of...

Categories:
  • Exploration & Production
Posted: 5 months ago
Posted: 5 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: 5 months ago
Posted: 5 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: 5 months ago
Posted: 5 months ago

Triangle awards Cliff Head maintenance job to Upstream PS

Upstream PS, a wholly-owned subsidiary of GR Engineering Services, has entered into a three-year con...

Categories:
  • Project & Tenders
Posted: 5 months ago
Posted: 5 months ago

Petrobras hits new oil discovery in Brazil’s pre-salt area

Brazilian oil and gas giant Petrobras has identified the presence of oil in the pioneer well of the ...

Categories:
  • Exploration & Production
Posted: 5 months ago
Posted: 5 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: 5 months ago
Posted: 5 months ago

Sand: 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: 5 months ago
Posted: 5 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: 5 months ago
Posted: 5 months 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: 5 months ago
Posted: 5 months 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: 5 months ago
Posted: 5 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: 5 months ago
Posted: 5 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: 5 months ago
Posted: 5 months 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: 5 months ago
Posted: 5 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: 5 months ago
Posted: 5 months ago

Apache in second ‘significant oil discovery’ offshore Suriname

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

Categories:
  • Exploration & Production
Posted: 5 months ago
Posted: 5 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: 5 months ago
Posted: 5 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: 5 months ago
Posted: 5 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: 5 months ago
Posted: 5 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: 5 months ago
Posted: 5 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: 5 months ago