Offshore accommodation specialist Prosafe and oil major Total have agreed to delay Total’s 2020 North Sea campaign, which was supposed to use Prosafe’s Safe Caledonia flotel.
The Hague-based Shell reached a final investment decision to develop Arrow Energy’s Surat gas project in Queensland, Australia.
Oil major Chevron has sold its interest in assets offshore Azerbaijan to Hungary’s MOL for $1.57 billion.
The article delves into legal intricacies of declaring force majeure events on existing offshore construction contracts in case of delays caused by the coronavirus pandemic as well as key points to consider when entering new contracts.
ConocoPhillips is taking further actions to respond to the oil market downturn and it will be making further capital, operating cost, and share repurchase reductions of $3 billion.
Following a historic OPEC+ deal to reduce global oil output in an effort to save the oil industry, Mexico came out as an unlikely winner.
Tulip Oil is taking steps in preparation for production increase at its Q10-A gas field located in the Dutch sector of the North Sea.
Pin Oak Corpus Christi, a joint venture between Dauphine and commodities trader Mercuria Energy Group, received its first vessel Wednesday at its newly commissioned oil dock at the Port of Corpus Christi. The dock, capable of accommodating fully laden bulk liquid tankers up to Suezmax class with loa
Petrobras has decided to halt operations at 62 platforms located offshore Brazil due to the effects of the coronavirus and the low oil price. Employees will be transferred to other units.
Oilfield services provider Petrofac has received a contract termination from ADNOC for the Dalma gas development project in the United Arab Emirates.
Australia’s Santos said Thursday it had signed a letter of intent to sell a 12.5 per cent stake in the Barossa project to Japan’s LNG trading giant JERA. The Barossa gas field in northern Australia is being developed to secure feed gas for the Darwin LNG plant in which JERA already has a 6.1 per [&h
Malaysian FPSO operator Bumi Armada has received an extension of a charter contract for its Armada Sterling FPSO from India’s ONGC.
State-run Qatar Petroleum said Wednesday it has launched a drilling campaign for the North Field East Project as part of plans to expand liquefied natural gas production. The first of 80 North Field East development wells was spudded on 29 March by the jack-up rig “GulfDrill Lovanda”. The jack-up ri
Energean’s FPSO unit, meant for the Karish and Tanin development offshore Israel, has reached Sembcorp Marine’s shipyard in Singapore.
