The International Monetary Fund (IMF) and the Government of Gabon have reached an agreement for a $147 million facility to help the country address the challenges that have arisen due to the global COVID-19 pandemic and oil price crash.
The coronavirus pandemic could permanently alter container transportation practices, Calfornia’s Port of Oakland cautioned.
Neptune Energy has kicked off its Fenja drilling campaign, located offshore Norway, following the spud of the first well.
OKEA sank deeper into the red in the first quarter of the year affected by lower oil and gas prices and sales volumes resulting in impairments of over $60 million.
Russian independent LNG export player Novatek has registered a new licence to underpin its liquefied natural gas expansion activities in the Arctic. Novatek’s unit Arctic LNG 1 registered licence number SLH 16637 NR for geological survey, exploration and production at the Bukharinskiy licence area o
The fifth CLEANBU vessel being built for Klaveness Combination Carriers (KCC), part of Norway’s shipping company Torvald Klaveness, has been launched in China.
BW Offshore has signed an agreement with Petrobras for an extension for the lease and operation of BW Cidade de São Vicente.
Japan’s Inpex has reportedly sold a liquefied natural gas cargo produced at its Ichthys plant in Australia for a record low price. Inpex had offered two cargoes for loading in May and has sold at least one of them at about $1.70 to $1.75 per million British thermal units, Reuters reported on Tuesday
BP reported a significant decline in its quarterly profit due to lower prices and the destruction of oil demand by the coronavirus crisis.
Following its filing for Chapter 11 bankruptcy protection, Diamond Offshore Drilling has received a delisting notice from the New York Stock Exchange (NYSE).
Indonesia’s state power company PT Perusahaan Listrik Negara has reportedly cancelled two shipments of liquefied natural gas from the BP-operated Tangguh plant. The cargoes of around 213 billion British thermal units per day were for May delivery, Reuters reported on Tuesday citing Arief Setiawan Ha
Simec Atlantis through its partnership with ITPEnergised has worked with The China Shipbuilding Industry Corporation (CSIC) and China Three Gorges (CTG) to develop CTG’s first SG500kW tidal stream turbine. The structure stands between the islands of Putuoshan and Huludao in the Zhoushan archipelago
Due to the coronavirus pandemic, Hurricane Energy has received an extension of a deadline to plug and abandon the Lincoln Crestal well off the UK, which will allow it to gather more data and further insight into the reservoir behaviour.
Australia-based shipping group ASP Ships Group (ASP) has acquired a 50 per cent shareholding in New Zealand’s Coastal Bulk Shipping Ltd (CBS).
