Fossil Energy
Jadestone delays Australia infill wells following fresh capex cuts
Jadestone is further reducing its 2020 capital expenditure guidance due to the collapse of the global crude oil benchmarks and the impact of the coronavirus crisis on global oil demand and potential for prolonged oversupply.
Equinor makes changes in exploration leadership
Norwegian oil major Equinor has appointed a new executive vice president of its Exploration division.
Sales drop hurts Oil Search revenue
The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search saw its revenue slip in the first quarter of 2020.
Investigation launched after lifting incident on Equinor’s platform
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has decided to investigate a lifting incident involving a personal injury on Equinor’s Oseberg B platform.
Valaris may face delisting from NYSE
Another offshore drilling contractor, Valaris, has seen its share value fall below $1 as its operations and contracts are getting delayed or cancelled amid challenging market situation.
Safety issues found during audit of Equinor’s Troll A
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found irregularities during an audit of Equinor’s management of major accident risk and barriers on the Troll A platform.
High impact exploration in 2020 down but not out, Westwood says
Exploration plans are being redrawn and the well count is expected to drop by as much as 35 per cent on 2019 levels due to the “double whammy” of the oil price collapse and COVID-19 pandemic, according to market research provider Westwood Global Energy Group.
Osprey orders two new barges
Osprey, a UK heavy transport and offshore energy logistics company, will add two new flat-top barges to its fleet in the first quarter of 2021.
Rever Offshore nets Perenco UK contract in North Sea
Rever Offshore has been awarded a major contract from Perenco UK in the Southern North Sea. The contract was awarded as a part of the larger Southern Hub Area Redevelopment Project (SHARP), comprising two campaigns which will take place over the course of the next 18 months. Under the contract, Reve
Delonex Energy boss named as new Tullow Oil CEO
Oil and gas company Tullow Oil has appointed a new chief executive officer (CEO) and executive director of the company.
Seismic industry braces for major revenue drop
Seismic industry will suffer the most as a result of the Covid-19 pandemic and the low oil price. According to Rystad Energy, 2020 revenues could fall between 51 per cent and 77 per cent. Exploration spending could drop by more than 20 per cent from its 2019 levels. The hardest-hit area will be the
TGS finalizes Russian Sea of Okhotsk 2D survey reprocessing
TGS has completed the reprocessing of a 21,631 square kilometres 2D seismic survey offshore Sakhalin Island, in the Russian Sea of Okhotsk. The reprocessing has been undertaken with the support of TGS’ Russian partner, DMNG. Following completion of the project, first data has been sent out to pre-fu
Eni extends charter for KNOT Offshore’s shuttle tanker
Italian oil major Eni has extended the charter of KNOT Offshore Partners’ shuttle tanker Torill Knutsen.
Woodside taps TechnipFMC for Australian subsea job
TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction and Installation contract by Woodside for the development of the Lambert Deep and Phase 3 of the Greater Western Flank fields, offshore Australia.