Nasdaq-listed Golar LNG Partners has appointed Karl Fredrik Staubo as its interim chief executive officer. Golar LNG Partners current CEO Graham Robjohns announced in October last year he was to step down on April 30, 2020. Robjohns also stepped down as chief financial officer and deputy CEO of pare
Borr Drilling has decided to sell two jack-up rigs for total cash proceeds of $15.8 million.
The UK Oil & Gas Authority (OGA) has approved IOG’s field development plan for the Core Project Phase 1 located in the UK North Sea.
Marine Energy Wales has welcomed the news that North Wales’ tidal stream array demonstration project, Morlais, has signed up three new international turbine developers. French firms Sabella and HydroQuest as well as Spanish developer Magallanes are planning to deploy their devices on a commercial sc
Transocean recorded a wider loss in the first quarter of 2020 when compared to the same period last year due to impairments on assets.
FAR Limited has said it is unlikely it will be able to finance its part of the Sangomar project development in Senegal. Therefore, FAR has started a process to sell all or part of its working interest in the project.
Rockhopper Exploration and Premier Oil, partners in the Sea Lion project located offshore the Falkland Islands, have agreed to extend the exclusivity period to Navitas Petroleum, further closing in on a definitive Sea Lion farm-out.
Reach Subsea has secured a contract from a new tier 1 client involving 50 project days of survey and construction support in the North Sea. The project will be executed together with its cooperation partner MMT Sweden during the summer season. The companies plan to use the Topaz Tiamat for this proj
Singapore’s independent oil and gas company KrisEnergy has entered into a credit facility agreement with Kepinvest Singapore to fund the near-term development project in Cambodia’s offshore Block A.
Green Marine and Surfrider Foundation Europe have announced that the Green Marine Europe environmental program is now available to European shipowners.
US liquefied natural gas exporter Cheniere posted a 20 percent rise in first-quarter revenues while net profit rose to $375 million. The LNG company reported revenues of $2.71 billion in the January-March period, compared to $2.26 billion in the same period the year before. Net income increased by $
Capesize shipowner Seanergy Maritime Holdings Corp. has entered into a time charter agreement with commodity trading and mining company Glencore for an additional Capesize vessel.
Australia’s largest LNG player Woodside expects low oil and gas prices to continue for the rest of 2020 and into next year due to the Covid-19 coronavirus pandemic. Cripling worldwide demand caused by the Covid-19 restrictions has seen oil, gas and LNG prices at its lowest levels for decades. Demand
ConocoPhillips went from a profit in the first quarter last year to a loss in the same period of 2020 after being hit by impairment charges and lower oil and gas prices.
