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Oil

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Posted: 7 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: 7 months ago
Posted: 7 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: 7 months ago
Posted: 7 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: 7 months ago
Posted: 7 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: 7 months ago
Posted: 7 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: 7 months ago
Posted: 7 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: 7 months ago
Posted: 7 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: 7 months ago
Posted: 7 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: 7 months ago
Posted: 7 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: 7 months ago
Posted: 7 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: 7 months ago
Posted: 7 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: 7 months ago
Posted: 7 months 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: 7 months ago
Posted: 7 months 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: 7 months ago
Posted: 7 months 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: 7 months ago
Posted: 7 months 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: 7 months ago
Posted: 7 months 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...

Categories:
  • Infrastructure
Posted: 7 months ago
Posted: 7 months ago

BHP hires McDermott for Trion floating production unit pre-FEED

McDermott has been awarded a sizeable contract by BHP to provide pre-FEED services for a floating pr...

Categories:
  • Project & Tenders
Posted: 7 months ago
Posted: 7 months 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...

Categories:
  • Business & Finance
Posted: 7 months ago
Posted: 7 months ago

Cameroon: Thali farm-out, well drilling on hold as PSC enters force majeure

Oil and gas company Tower Resources has delayed the completion date for its Thali PSC farm-out over ...

Categories:
  • Project & Tenders
Posted: 7 months ago
Posted: 7 months 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...

Categories:
  • Business & Finance
Posted: 7 months ago
Posted: 7 months 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...

Categories:
  • Business & Finance
Posted: 7 months ago
Posted: 7 months ago

FAR and Woodside reach settlement in Senegal dispute

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

Categories:
  • Business & Finance
Posted: 7 months ago
Posted: 7 months ago

Johan Sverdrup field to reach plateau production earlier than expected

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

Categories:
  • Business developments & projects
Posted: 7 months ago
Posted: 8 months ago

Spirit Energy boosts output at two North Sea fields

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

Categories:
  • Business developments & projects
Posted: 8 months ago
Posted: 8 months 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...

Categories:
  • Business developments & projects
Posted: 8 months ago
Posted: 8 months ago

Cairn Energy makes ‘significant’ reductions to capex. All exploration activity deferred

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

Categories:
  • Business & Finance
Posted: 8 months ago