Fossil Energy
Lamprell mothballs one yard with plan to focus activities within one location
Offshore construction yard Lamprell is implementing a program aimed at achieving a significant reduction in the group amid a global health crisis. As a result, Lamprell has mothballed one facility with plans to close another one upon completion of current projects.
API greets OPEC+ deal but sees ‘significant challenges’ ahead
The American Petroleum Institute has welcomed a historic OPEC+ agreement to curb global crude oil production. However, significant challenges remain in the weeks and months ahead, API has said.
Baker Hughes to take $15 billion goodwill impairment charge in 1Q
Oilfield services provider Baker Hughes will be taking a $15 billion non-cash goodwill impairment charge in its first quarter 2020 in response to the significant decline in oil and gas prices and the COVID-19 pandemic.
Murphy Oil CEO resumes duties after returning from medical leave
President and chief executive officer (CEO) of U.S. oil and gas company Murphy Oil has resumed his responsibilities at the company after recovering from what was presumed to be COVID-19.
Workers on SBM Offshore’s FPSO test positive for coronavirus
Dutch marine energy group SBM Offshore has been adapting to the unprecedented situation regarding the coronavirus pandemic and was protecting its workforce by putting in place business continuity measures.
Historic OPEC+ deal to slash output ends oil price war
After four days of negotiations OPEC, Russia, and allies have agreed on record production cuts to save the oil industry amid a major industry crisis exacerbated by the coronavirus pandemic.
Energy Drilling completes heavy lift for Medco in Natuna Sea
Tender rig specialist Energy Drilling has completed the heavy lifting of the drilling equipment set at the Kerisi platform in the Natuna Sea.
Saipem confirms death on FDS vessel not linked to coronavirus
A worker has died onboard the Saipem FDS vessel, currently located in the port district of Waalhaven in Rotterdam. While the death was initially suspected to be linked to the coronavirus, Dutch authorities have confirmed it has occurred due to natural causes.
Australian regulator accepts Inpex’s plan for offshore survey
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has accepted a plan for a 2D seismic survey in the Browse and Offshore Canning basins submitted by Japan’s Inpex.
Pacific Drilling’s NYSE listing at risk from suspension
Pacific Drilling has received notice from the New York Stock Exchange (NYSE) stating that the company does not currently satisfy the minimum share price standard for continued listing of the company’s common shares.
Greenpeace claims win as OMV abandons New Zealand drilling plans
OMV has decided to postpone its drilling plans offshore New Zealand and Greenpeace is claiming a win, hoping this would mean the end of OMV’s drilling operations in the country.
On the verge of ending oil price war, OPEC+ awaits Mexico to join the pact
OPEC, Russia, and allies are on the verge of ending the oil price war in an effort to save the oil industry which, in addition to the oil price war consequences, suffered even more as the coronavirus pandemic further curbed the oil demand, creating a whirlwind of adverse effects. However, the allies
GALLERY: Lukoil readies jacket for Caspian Sea
Russia’s Lukoil has moved on to the next stage of facilities construction for the Valery Grayfer field with the launch of a jacket for the living quarters platform from a yard to the Caspian Sea.
BW blocked from removing FPSO Umuroa from New Zealand field
BW Offshore’s efforts to remove its FPSO Umuroa from a field offshore New Zealand following last year’s contract termination have been hindered by legal complications.