Kosmos Energy sank deeper into the red in the first quarter of 2020 due to impairments and low oil prices.
Engineering and management services provider Penspen has been awarded a contract by Target Engineering Construction for slug catcher replacement support on a project on Zirku Island in the United Arab Emirates.
The number of offshore rigs in the U.S. dropped by one unit over the last week, according to weekly rig count reports published last Friday by Baker Hughes Company.
Australian largest LNG company Woodside has awarded a supply and fabrication contract to compatriot Civmec for the Pluto-Karratha gas plant interconnector project. Under the deal, Western Australia-based Civmec will carry out the fabrication of structural steel, piping, a module and skids located wi
The USS Montgomery combat ship and the dry cargo ship USNS Cesar Chavez checked out the West Capella drillship during their presence operations in the South China Sea on Thursday.
A global oversupply of oil resulting from lower demand due to the COVID-19 pandemic and high production level has seen the unprecedented shortage of storage capacities translating in high rates for floating storage. Tanker owners have been reporting high earnings for the first quarter of this year a
The world’s largest crane vessel, Sleipnir, has lifted Wintershall Dea’s Nova field topside module from the Rosenberg WorleyParsons yard in Stavanger, Norway.
With another 1,000 workers laid off earlier this week, giant oilfield services provider Halliburton has decreased its workforce by around 5,000 since the oil price collapse.
Offshore drilling company Maersk Drilling has decided to take another swing with the job axe and lay off even more staff.
Oil giant Saudi Aramco has suspended the contract for one of Noble Corporation’s offshore drilling rigs.
Despite posting a loss in the first quarter of the year, offshore drilling contractor Pacific Drilling has had an overall better first quarter than the one in the year prior, but the company is preparing itself for ‘challenging times’ ahead.
Hess Corporation booked a loss for the first quarter of 2020 due to impairment charges resulting from the low oil price environment.
State-owned Qatar Petroleum has entered into three farm-in agreements to acquire about 30 per cent of Total’s participating interest in three blocks offshore Mexico.
Murphy Oil plans to reduce its output in May by 40,000 barrels of oil equivalent per day, with the majority planned from offshore wells.
