CNOOC saw an increase in its quarterly production driven by new project startups in China and the contribution from new international projects.
A new study shows tidal power may be a significant resource for Faroe Islands to balance other renewable energy sources. This is the preliminary result of a PhD project on the energy balance and stability of the Faroese electrical system. PhD researcher, Helma Maria Tróndheim, said:“So far the resul
Diamond Offshore has filed a complaint against Australia’s Beach Energy claiming that the oil company’s termination of a drilling contract for the Ocean Onyx rig is invalid.
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.
The negative effects of the global recession caused by the public health crisis did not substantially impact Petrobras’ production and sales performance in the first quarter, according to the Brazilian oil company’s production and sales report.
BW Offshore has signed an agreement with Petrobras for an extension for the lease and operation of BW Cidade de São Vicente.
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.
ADNOC and ADPower have issued a joint tender to develop and operate the MENA region’s first HVDC subsea transmission system. The system will connect ADNOC’s offshore production facilities to ADPower’s onshore electricity grid. The project should as a result reduce the carbon footprint of ADNOC’s off
Dolphin Drilling will carry out a programme of North Sea drilling work for Wellesley Petroleum.
The last two modules for Equinor’s Johan Castberg FPSO turret mooring system have sailed away from Dubai to Singapore.
The number of offshore rigs in the U.S. remained unchanged with 17 active units last week, according to weekly rig count reports released on Friday by Baker Hughes Company.
Eni booked a net loss of over $3 billion in the first quarter of the year due to the overlapping effects of the coronavirus pandemic and the oil price collapse.
i3 Energy is in talks with its noteholders to waive its previously agreed condition, requiring it to enter into a lending facility or find alternative means to fund its Liberator development by the end of April.
