There is a case to be made that the coronavirus crisis has been setting the stage for the restructuring of the offshore drilling market.
Norwegian seismic player TGS has completed its flagship Jaan 3D seismic survey covering the MSGBC Basin in Northwest Africa. The survey took place in partnership with PGS and GeoPartners. Comprising over 28,000 square kilometres, the survey spans offshore Senegal, The Gambia, AGC and Guinea-Bissau.
Seafarers are going to start enforcing their right to stop working, leave ships and return home with assistance from unions, the International Transport Workers’ Federation (ITF) and its affiliated seafarers’ unions said in the latest update. The decision comes after a one-month deadline to resolve
Urgent action is needed to target emissions from the existing ships in order to deliver on what is dictated by the global Paris Agreement, according to a University of Manchester study published today in the new journal BMC Energy. The sector also has to up its game if it is to deliver on the IMO 20
The African Energy Chamber (AEC), a chamber of networks, transactions, and partnerships at the forefront of Africa’s growing energy industries, has urged member countries of the African Petroleum Producers Organization (APPO) to take action and support the oil sector at its meeting this week.
The coronavirus (COVID-19) has impacted major sectors of economies worldwide and it is quite uncertain to bet on future prospects. The impact of coronavirus can be severely observed in the international sphere as no country has been untouched from the wave of this pandemic. This also added on more l
Global spending is now forecasted to reach $383 billion this year, the lowest level in 15 years and a staggering 29 per cent decrease of $156 billion compared to 2019, according to Rystad.
OPEC, Russia, and other oil producers agreed to extend their record oil production cuts of 9.7 million barrels per day by another month.
C-Kore has completed a campaign offshore Nigeria with VAYCO Oil tools and local Nigerian partner Cranium Engineering. The operation for an oil operator in over 1,000 meters water depth allowed rapid testing of umbilicals and electrical flying leads (EFLs) for regulatory compliance and immediate rect
Another crew member of MV Montpellier, a containership chartered by German shipping major Hapag-Lloyd, has tested positive for coronavirus in South Africa.
1,400 GW of offshore wind globally by 2050 is entirely achievable considering the resource potential, technology innovation, and government appetite to position offshore wind at the centre of the global energy transition, the Ocean Renewable Energy Action Coalition (OREAC) said. OREAC estimates that
Oil and gas company Aker Energy is looking to revive its Pecan field development offshore Ghana, after terminating its agreement with Yinson for the provision of an FPSO for the project.
