Fossil Energy
Wintershall Dea hires Applied Petroleum for geochemical analyses
German oil and gas company Wintershall Dea has awarded a global frame agreement to Applied Petroleum Technology (APT) for the supply of geochemical analyses for the company’s E&P efforts around the world.
Ocean Installer elects new chief financial officer
Norwegian subsea contractor Ocean Installer has appointed a new chief financial officer (CFO) of the company.
Former SeaBird man takes CFO role at Axxis Geo Solutions
Axxis Geo Solutions (AGS), a Norwegian ocean bottom node seismic company, has appointed a new chief financial officer (CFO) and chief commercial officer (CCO).
Rig utilisation in Southeast Asia set for decline, Rystad’s analysis shows
Southeast Asia’s rig market, which was poised for growth in 2020, is now set for a decline. Several oil companies have already made significant cuts to their 2020 capex budgets due to the impact of the Covid-19 pandemic and the ongoing oil price war, a Rystad Energy’s analysis shows.
Rig utilization in Southeast Asia set for decline, Rystad’s analysis shows
Southeast Asia’s rig market, which was poised for growth in 2020, is now set for a decline. Several oil companies have already made significant cuts to their 2020 capex budgets due to the impact of the Covid-19 pandemic and the ongoing price war, a Rystad Energy’s analysis shows.
ABS to class new jack-up drilling units for Silver Eagle
ABS, a global classification provider, will provide classification for a series of self-elevating drilling units (SEDU) for Silver Eagle Global.
CNRI files decommissioning plans for two floating units off UK
CNR International (CNRI) has filed its Banff and Kyle fields decommissioning programs for an FPSO and FSO float-off with the UK authorities.
Oil price war and coronavirus to sink global E&P capex to at least 13-year low, Rystad says
Under Rystad Energy’s updated base case scenario of $34 per barrel in 2020 and $44 per barrel in 2021, global capital expenditure for exploration & production firms is expected to drop by up to $100 billion this year, about 17% versus 2019 levels.
Oil price war and coronavirus to sink global E&P capex to at least 13-year low, Rystad says
Under Rystad Energy’s updated base case scenario of $34 per barrel in 2020 and $44 per barrel in 2021, global capital expenditure for E&P firms is expected to drop by up to $100 billion this year, about 17% versus 2019 levels.
Helix Energy eyes capex reduction as oil price decline and coronavirus hit the market
Expecting the spot market for 2020 to be significantly weaker than previously predicted, Helix Energy plans to slash its capex by 20 per cent.
EnQuest cleared to decommission Alma and Galia FPSO
UK oil and gas company EnQuest has received approval from the UK authorities for its decommissioning plan for the FPSO working on the Alma and Galia fields off the UK as well as associated subsea installations and pipelines.
Cooper’s Sole field starts gas supply into pipeline
Australia’s Cooper Energy has informed that its operated Sole gas field, located offshore Australia, is now producing gas to the Eastern Gas Pipeline.
Cooper’s Sole field starts gas supply into pipeline
Australia’s Cooper Energy has informed that its operated Sole gas field, located offshore Australia, is now producing gas to the Eastern Gas Pipeline. The Cooper-operated Sole gas field is located in the eastern part of the Gippsland Basin, approximately 40km offshore Victoria, Australia. The projec
Chevron extends services contract with Worley in Australia
Worley has been awarded a two-year extension to an existing services contract with Chevron in Australia.