Fossil Energy
Woodside mulls cost cuts for Sangomar offshore development
Woodside is exploring how the costs for its Sangomar project, located offshore Senegal, can be reduced and expenditure delayed due to the current coronavirus pandemic and the sudden fall of the oil price.
FAR suspends Gambian drilling plans as gov’t closes borders
FAR Limited has temporarily suspended its plans to drill an exploration well offshore The Gambia as a result of the coronavirus pandemic.
Equinor joins other majors in slashing spending
Equinor has decided to reduce operating costs and spending to help mitigate the impact of the coronavirus outbreak and oil price downturn.
Equinor reveals plan to cut $3 billion from its spending
Norwegian oil and gas major Equinor has revealed an action plan to battle the impacts of the coronavirus and low commodity prices under which it will reduce its spending for 2020 by $3 billion.
FAR suspends Gambian drilling plans as gov’t closes borders
Australian oil and gas company FAR Limited has temporarily suspended its plans to drill an exploration well offshore The Gambia as a result of the coronavirus pandemic.
Woodside mulls cost cuts for Sangomar offshore development
Woodside is exploring how the costs for its Sangomar development, located offshore Senegal, can be reduced and expenditure delayed due to the current coronavirus pandemic and the sudden fall of the oil price.
Connecting gears of the energy transition
Together with other Navingo platforms, Offshore Energy Today is moving into a new home, which will be launched in April 2020.
Maersk drillship’s gig with Tullow cut short
Maersk Drilling has received a notification from Tullow Oil of early termination for convenience of the drilling contract for the drillship Maersk Venturer.
Kvaerner management cuts its salaries amid coronavirus crisis
The management team of Norwegian engineering and construction services company Kvaerner has decided to cut its salaries to alleviate the effects of the coronavirus outbreak.
Chevron trims 2020 spending plan by $4 billion
Chevron has made a decision to reduce its 2020 capital spending plan by $4 billion thereby joining many of its peers in drastic measures to mitigate the negative effects of the coronavirus pandemic and the recent plunge in oil prices.
Teekay Offshore changes name in support of new vision for sustainable future
Teekay Offshore Partners has changed its name to Altera Infrastructure March 24, 2020.
Rystad: Coronavirus and oil price crisis to wreak havoc on new project development plans
The effects of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices tumbling at an unprecedented rate, are poised to wreak havoc on new project development plans for this year, Rystad Energy has said.
Husky freezes activities on West White Rose project
Canadian oil and gas company Husky Energy will begin a systematic and orderly suspension of major construction activities related to its offshore West White Rose project.
Lundin reduces costs to mitigate coronavirus and low oil price impact
Lundin Petroleum is taking measures to mitigate the impact of the coronavirus and low oil price on its operations, including cost cuts and dividend reduction.