PGS has seen its Q1 2020 loss widened, mostly on impairments related to library and sale of non-current assets. The Oslo-listed seismic player reported quarterly loss of $117.5 million, or 32 cents per share on revenues of close to $129 million, against loss of $65 million, or 19 cents per share on
Kosmos Energy has been given a continued listing standard notice from the New York Stock Exchange (NYSE).
Australian gas producer and GLNG operator, Santos reported a 13 per cent decrease in revenue, affected by the slump in oil and gas prices. Santos sales revenue for the January-March quarter fell to $883 million from $1.02 billion a year ago. The Australian company produced 17.9 million barrels of oi
The U.S. Securities and Exchange Commission is closing its investigation into Eni related to its involvement into a license located offshore Nigeria as well as its activities in Congo.
Baker Hughes booked a huge impairment charge in the first quarter of the year resulting in a $10 billion loss for the quarter.
State-run Qatar Petroleum said Wednesday it has entered into a deal to reserve LNG ship construction capacity in China as part of ongoing North Field expansion projects. QP signed the deal with Hudong-Zhonghua Shipbuilding, a unit of China State Shipbuilding Corporation. The deal potentially worth m
Aker BP has started production from the first Ærfugl phase 2 well in the Norwegian Sea – three years ahead of the original plan.
Offshore drilling contractor Seadrill Limited has named a new member of the company’s board of directors.
Jadestone is further reducing its 2020 capital expenditure guidance due to the collapse of the global crude oil benchmarks and the impact of the coronavirus crisis on global oil demand and potential for prolonged oversupply.
Norwegian oil major Equinor has appointed a new executive vice president of its Exploration division.
The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search saw its revenue slip in the first quarter of 2020.
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has decided to investigate a lifting incident involving a personal injury on Equinor’s Oseberg B platform.
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found irregularities during an audit of Equinor’s management of major accident risk and barriers on the Troll A platform.
Exploration plans are being redrawn and the well count is expected to drop by as much as 35 per cent on 2019 levels due to the “double whammy” of the oil price collapse and COVID-19 pandemic, according to market research provider Westwood Global Energy Group.
