Fossil Energy
Saipem withdraws 2020 guidance over deteriorating market conditions
Saipem has decided to withdraw its 2020 guidance, reserving the right to issue a new one should the market conditions improve.
Petrobras to shut down 62 offshore platforms in Brazil
Petrobras has decided to halt operations at 62 platforms located offshore Brazil due to the effects of the coronavirus and the low oil price. Employees will be transferred to other units.
Woodside’s Q1 revenue slips, production up
Australia’s Woodside Petroleum saw its revenue slip in the first quarter of the year.
IKM Testing secures work on Equinor’s Johan Castberg FPSO
Norwegian oil major Equinor has awarded a comprehensive and long-term testing contract on the Johan Castberg FPSO to IKM Testing.
ADNOC cancels Petrofac’s Dalma contract worth $1.5 billion
Oilfield services provider Petrofac has received a contract termination from ADNOC for the Dalma gas development project in the United Arab Emirates.
Yinson completes $800M FPSO refinancing deal
Malaysian FPSO provider Yinson has completed an $800 million refinancing deal for the John Agyekum Kufuor FPSO.
Shell in push to become net-zero energy business by 2050
Oil major Shell has revealed its plans to become a net-zero emissions energy business by 2050 or sooner.
Santos to sell Barossa stake to Jera
Australia’s Santos said Thursday it had signed a letter of intent to sell a 12.5 per cent stake in the Barossa project to Japan’s LNG trading giant JERA. The Barossa gas field in northern Australia is being developed to secure feed gas for the Darwin LNG plant in which JERA already has a 6.1 per [&h
India’s ONGC to extend charter for Bumi Armada FPSO
Malaysian FPSO operator Bumi Armada has received an extension of a charter contract for its Armada Sterling FPSO from India’s ONGC.
Noble Energy makes further spending cuts
Noble Energy has further reduced its 2020 capex, executive team salaries, and implemented a furlough program for employees.
Offshore regulator spots issues during Johan Sverdrup audit
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found irregularities during an audit of Equinor’s operations and barriers at the Johan Sverdrup field in the North Sea.
Two players team up to develop energy solutions in push to reduce carbon footprint
The Energy Market Authority (EMA) and Keppel Offshore & Marine have established a $10 million partnership and signed a Memorandum of Understanding (MOU) to develop energy solutions in the areas of distributed energy resources, digitalisation, and emerging low carbon alternatives.
QP starts North Field drilling campaign as part of LNG expansion
State-run Qatar Petroleum said Wednesday it has launched a drilling campaign for the North Field East Project as part of plans to expand liquefied natural gas production. The first of 80 North Field East development wells was spudded on 29 March by the jack-up rig “GulfDrill Lovanda”. The jack-up ri
Energean Power FPSO hull reaches Singapore but yard operations in two-week halt
Energean’s FPSO unit, meant for the Karish and Tanin development offshore Israel, has reached Sembcorp Marine’s shipyard in Singapore.