Byron Energy has decided to ramp-down production from the SM71 field in the U.S. Gulf of Mexico due to a sharp decline in demand and glut in both international and local supplies.
Chinese shipyard Hudong-Zhonghua has launched a floating storage and a regasification unit (FSRU) for Greek shipping company Dynagas. The LNG FSRU named Transgas Power was launched at the Korean yard on March 30, according to a Hudong-Zhonghua statement. The vessel which is also capable of operating
The world’s largest liquefied natural gas producer Qatargas delivered the first cargo of liquefied natural gas (LNG) on a Q-Flex vessel to the ENN Zhoushan LNG receiving terminal in China.
Aker Energy has postponed the development of its Pecan field, located offshore Ghana. As a result, Aker Energy terminated its agreement with Yinson for the provision of an FPSO for the project.
Cenergy Holdings subsidiary Hellenic Cables has won a contract from Scottish & Southern Electricity Networks (SSEN) for the supply of medium voltage subsea cables. The cables will replace older submarine cables connecting Scotland’s island communities. SSEN owns and operates the 11kV and 33kV subsea
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.
ABS, a global classification provider, will provide classification for a series of self-elevating drilling units (SEDU) for Silver Eagle Global.
CNR International (CNRI) has filed its Banff and Kyle fields decommissioning programs for an FPSO and FSO float-off with the UK authorities.
CNR International (CNRI) has filed its Banff and Kyle fields decommissioning programs for an FPSO and FSO float-off with the UK authorities.
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.
Japan’s Asahi Tanker plans to build the world’s first two zero-emission electrically powered tankers.
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.
All American Marine is to complete the aluminum construction of a hydrogen-powered, electric drive vessel.
Australia’s Cooper Energy has informed that its operated Sole gas field, located offshore Australia, is now producing gas to the Eastern Gas Pipeline.
