oil price - Offshore Energy

4 days ago

High-impact exploration in 2021 could reach 100 wells, Westwood says

Westwood has reported that 72 high-impact wells were drilled in 2020, which is below 2019 level when...

4 days ago

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about 1 month ago

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Deep dive into oil and gas exploration

What will become of oil and gas exploration efforts in the near- and longer-term following a drastic...

about 1 month ago

Oil price hits highest levels since March over vaccine hopes

Brent crude oil prices reached highest levels since March as news of another promising coronavirus v...

about 1 month ago

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about 1 month ago

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Global upstream M&A deals to gain momentum for rest of 2020?

Following the Covid-19 pandemic and the oil price crash in early 2020, for some players in the oil a...

about 1 month ago

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2 months ago

Biden win could benefit short-term oil demand

Energy intelligence firm Rystad Energy believes that if Trump should win it may make oil prices grea...

2 months ago

Covid-19 & energy transition to speed up peak oil demand

The Covid-19 pandemic and energy transition are expected to expedite peak oil demand to 2028 and cut...

2 months ago

Deepwater production one of cheapest sources of new supply

Oil production costs have reached a new low, making deepwater one of the cheapest sources of new sup...

2 months ago

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4 months ago

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Offshore wind project costs decrease with bespoke vessels

The rising number of purpose-built offshore wind vessels has a direct impact on the costs of offshor...

4 months ago

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4 months ago

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Oil and gas after 2020

Following its third price collapse in 12 years, the oil and gas industry might be facing a period of...

4 months ago

5 months ago

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Marine seismic industry in numbers after exploration capex slash

The low oil price has led energy companies to scale back near-term investment plans significantly, a...

5 months ago

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5 months ago

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Will Chevron’s Noble swoop trigger a wave of M&A deals?

What will happen next in the upstream M&A and what direction will it take? Is now the time to go...

5 months ago

Industry Contribution

Faccin Wind Towers Division: a reliable partner for your wind energy project

Faccin Group created a Wind Towers Division within the company. Why? Eng. Andrea Comparin: “Ac...

11 days ago

Industry Contribution

Maritime Insurance Market Update, Q3 2020

‘Clients, advisors and insurers are in the same boat.’ Effective cooperation is necessary to keep ri...

about 1 month ago

6 months ago

Rystad: Number of oil and gas wells set to hit 20-year low

The COVID-19 pandemic has stymied oil and gas activity, a phenomenon which has now affected the dril...

6 months ago

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6 months ago

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Paving the way for restructuring of offshore drilling market

There is a case to be made that the coronavirus crisis has been setting the stage for the restructur...

6 months ago

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7 months ago

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OPEC extends output cuts

OPEC, Russia, and other oil producers agreed to extend their record oil production cuts of 9.7 milli...

7 months ago

Industry Contribution

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It’s all about power flow

Integration of renewable energies on a ship – and in other island networks Interview with Jero...

2 months ago

7 months ago

Prosafe dives deeper into the red

Prosafe sank deeper into the red in the first quarter of 2020 due to impairment charges resulting fr...

7 months ago

Low oil price could spur decommissioning activity

With few profitable investment alternatives, operators are now likely to increase spending in decomm...

7 months ago

Wintershall Dea books loss, cuts capex

Wintershall Dea has decided to reduce its capital expenditures for 2020 by 30 per cent after bookin...

7 months ago

Industry Contribution

“ETICA IP” ROV & USV a staunch green ally for the blue economy indystry & ocean sustainability

By Ioana Laura Grigore. Our concept of blue economy & ocean sustainability in offshore industry ...

2 months ago

8 months ago

Petrofac reveals fresh cost-cutting plans

In order to mitigate the effects of coronavirus crisis and low oil prices, oilfield services provide...

8 months ago

Sembcorp Marine’s workforce down from 20,000 to 850

Yard workforce employed by Singapore’s offshore builder Sembcorp Marine has been reduced from 20,000...

8 months ago

Impairments take Transocean deeper into red

Transocean recorded a wider loss in the first quarter of 2020 when compared to the same period last...

8 months ago

Lundin lifts output forecast

Lundin Energy saw its quarterly revenues grow on the back of Johan Sverdrup start-up. As a result of...

8 months ago

Norway to introduce output cuts until end of 2020

The Norwegian Government has decided to make oil production cuts in an attempt to more rapidly stabi...

8 months ago

New projects boost CNOOC output

CNOOC saw an increase in its quarterly production driven by new project startups in China and the co...

8 months ago

UK unions call on gov't to halt 'carnage' of jobs

UK’s offshore unions have launched a campaign to protect the jobs in the oil and gas sector an...

8 months ago

OKEA dives deeper into the red

OKEA sank deeper into the red in the first quarter of the year affected by lower oil and gas prices ...

8 months ago

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