Fossil Energy
Energean and Edison agree to exclude Algerian assets from E&P deal
Energean Oil and Gas and Edison have agreed to exclude Edison E&P’s Algeria assets from the previously agreed acquisition.
Tullow identifies further cost savings as lenders approve credit
Tullow Oil has identified further cost savings while its lenders have approved its credit facility with a $1.9 billion of debt capacity.
Energean’s FPSO hull heads to Singapore for topside integration
A hull for the Energean-owned Energean Power FPSO sailed away from the COSCO yard in China on Thursday, April 3, 2020.
Oil price drop pushes Lekoil into cost-cutting mode
Africa-focused oil and gas company Lekoil has approved the immediate and accelerated implementation of the company’s general and administrative (G&A) cost-reduction measures due to the significant drop in oil prices.
Petronas hires second Alam Maritim anchor handler this year
Malaysian offshore support vessels and subsea services provider Alam Maritim Resources has been awarded a work order for the provision of anchor handling tug and supply (AHTS) for Petronas Carigali.
Apache in second ‘significant oil discovery’ offshore Suriname
Oil and gas company Apache Corporation has made a ‘significant oil discovery’ at the Sapakara West-1 well drilled offshore Suriname on Block 58.
Salary, headcount, and capex reductions ahead as Wood braces for lower activity levels
Wood has decided to implement salary, headcount, and capex reductions as a response to the volatile market conditions. Wood will also be withdrawing its final dividend recommendation.
Total charters Havila platform supplier in UK
Havila Shipping has agreed another contract with Total in the UK for the platform supply vessel Havila Commander.
Petrobras trims oil output as low demand bites
Petrobras has joined numerous oil and gas operators in actions to reduce costs amid low oil price environment and coronavirus pandemic. Petrobras has also decided to lower its oil output.
TechnipFMC responds to market challenges with plans to cut capex by 30 pct
Oilfield services company TechnipFMC is taking a set of actions in response to the current market environment, including a 30% reduction in capex.
Woodside gets regulatory approval for Scarborough gas project
Australian regulator has accepted an offshore project proposal from Woodside to develop the Scarborough gas fields off northern Western Australia.
Organizational redesign doubles cost savings estimate for Apache
Houston-based oil and gas company Apache Corporation has revealed it would be making greater cost reduction in 2020 than previously anticipated.
Seabed GeoSolutions cancels charter for Eidesvik’s seismic vessel
Seabed GeoSolutions, a joint venture between Fugro and CGG, has opted to return the Vantage seismic vessel to Norwegian shipping company Eidesvik Offshore earlier than previously agreed.
Offshore watchdog finds irregularities in ‘West Bollsta’ AoC application
Norwegian offshore safety watchdog has found irregularities regarding an application for the Acknowledgement of Compliance (AoC) for the West Bollsta drilling rig.