Business & Finance
CNOOC hits large oil and gas find in Bohai Bay
CNOOC Limited has made a large-sized oil and gas discovery Bozhong 13-2 in Bohai Bay located offshore China.
After a rocky start to the year, BW Offshore moves to seize energy transition opportunities
After a rocky start to the year, BW Offshore is investing in the floating offshore wind to position itself as an early mover in the energy transition.
Fugro targets more offshore wind after red numbers in 2020
Dutch subsea and survey specialist Fugro has seen its loss almost doubled in 2020 with revenues down some 12 per cent due to the impact of Covid-19 and the downturn in oil and gas. The company recognised net loss of €74 million in 2020, against net loss of €39.6 million in 2019. Revenue declined in
Tellurian cuts debt by $57 million
US LNG export project developer, Tellurian has reduced its debt by $57 million.
Petronas awards block off Malaysia to ConocoPhillips
Malaysian energy giant Petronas has awarded Block SB405 offshore Malaysia to ConocoPhillips and Petronas Carigali Sdn. Bhd.
Big oil output to peak lower and earlier than expected, Rystad says
The world’s oil and gas industry’s production will peak lower and earlier than expected before the 2020 market crisis, a Rystad Energy analysis shows.
Worley lands five-year services deal with Chevron
Worley has been awarded a global contract for early-phase engineering services by Chevron, through its Chevron Technical Centre division.
Eni narrows quarterly loss but output takes a hit
Italian oil and gas company Eni managed to cut its losses in the fourth quarter of 2020 as its production dropped by 11 per cent year-over-year.
AqualisBraemar LOC continues acquisition spree, buys East Point Geo
AqualisBraemar LOC Group is acquiring East Point Geo, a UK-based geoscience consultancy in the offshore and onshore renewable energy and oil and gas sectors. AqualisBraemar LOC, which has entered into a definitive agreement to obtain 100 per cent of the share capital of East Point Geo Limited, said
Woodside, RWE ink seven-year LNG supply deal
Australian LNG major Woodside, through its unit Woodside Energy Trading Singapore, has signed a 7-year LNG supply deal with RWE Supply & Trading.
Petronas to offer 13 offshore exploration blocks in new bid round
Petronas will be offering 13 offshore exploration blocks in Malaysia at the upcoming Malaysia Bid Round (MBR) 2021 launch on 26 February 2021.
Petrofac sells UK training business to 3t Energy
3t Energy Group has exchanged contracts with oilfield services provider Petrofac for the purchase of its UK training centres.
Atlantic Shores Offshore Wind inks MoU with New Jersey unions
Atlantic Shores Offshore Wind has signed a Memorandum of Understanding (MoU) with six unions operating in New Jersey to help develop and employ the local offshore wind workforce. The agreement outlines how the parties will work together to create training and apprenticeship programs for New Jersey w
Chrysaor spuds North Sea well with COSL rig
Drilling operations on the Chrysaor-operated Jerv exploration well, located offshore Norway, started on 18 February 2021, using the COSLInnovator rig.