Fossil Energy
Nova topside module ready for transport and installation in North Sea
Neptune Energy has reported that the load out of the 740-tonne topside module for the Nova brownfield project in the Norwegian North Sea has been completed ahead of the installation offshore with the world’s largest semi-sub crane vessel.
Petrobras makes second oil discovery this month
Brazilian oil and gas company Petrobras has identified the presence of oil in an exploration well of the Sudoeste de Tartaruga Verde block, located in the Campos Basin in Brazil.
KrisEnergy closes Indonesian deal with BP
KrisEnergy has completed the sale of its participating interest in the Andaman II PSC located in the Malacca Strait, offshore Indonesia, to BP.
ExxonMobil shaves $10 billion off its capital investment for 2020
Oil major ExxonMobil is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic.
Offshore Energy platform: connecting the gears
Change is the only constant. This was as true for the ancient Greek who coined the phrase, as it is for us today. Our industry is changing. The need to innovate and transform are key in remaining relevant and future-proof. This is why we present the Offshore Energy platform. It combines all the elem
Cold-stack ahead for EMGS vessel as BP cancels African survey
Norwegian seismic services company EMGS has noted an extremely low vessel utilization for the first quarter of 2020 due to project cancelations, which ensued following the recent oil price drop and the coronavirus pandemic. As a result, one of EMGS’ vessels is up for a cold-stack.
Ithaca Energy halves capital expenditure for 2020
Oil and gas company Ithaca Energy has more than halved its capital expenditures for the year due to the double threat posed by the coronavirus pandemic and the sharp oil price drop.
African Energy Chamber urges OPEC and OPEC+ to end oil price war
The African Energy Chamber, a chamber of networks, transactions, and partnerships at the helm of Africa’s growing energy industries, has urged OPEC and OPEC+ to reach a deal on ending the oil price war which has sent the oil price tumbling to historic low levels.
Total sheds $400 million worth of assets
In line with its objective to divest $5 billion during 2019-2020, Total is pursuing the divestments of several non-core assets in both exploration and production (Brunei) and marketing & services (Sierra Leone and Liberia).
Wintershall Dea strikes oil close to Maria field
Oil and gas company Wintershall Dea Norge has made an oil discovery near the Maria field in the Norwegian Sea.
Offshore regulator assessing Santos’ environment plan for Ningaloo Vision FPSO
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has begun an assessment of Santos’ environment plan for the operations of the Ningaloo Vision FPSO located off Australia.
Global Petroleum to license Namibian block seismic data in push to conserve cash
Oil and gas company Global Petroleum has agreed to license pre-existing 3D seismic data in its 2011A (PEL0094) offshore Namibia Block.
GALLERY: World’s largest semi-sub crane vessel lifts Equinor’s Snorre module
The world’s largest semi-submersible crane vessel, Heerema’s Sleipnir, has lifted a module for Equinor’s Snorre A platform from the quayside at Aibel’s yard in Haugesund, Norway, ahead of its transportation and installation in the North Sea off Norway.
Equinor finds oil in first operated Gulf of Mexico well since 2015
Norwegian oil major Equinor has encountered oil in the Monument exploration well in the U.S. Gulf of Mexico.