The effect of the COVID-19 pandemic and the ongoing oil price war will likely cause the cancellation of more than half of the world’s planned licensing rounds, according to energy intelligence firm Rystad Energy.
Hurricane Energy has confirmed the “extraordinary productivity” of two wells and the reservoir at its Lancaster EPS, located in the West of Shetland area.
eDrilling, a supplier of AI, machine learning, and predictive analytics solutions to the oil and gas industry, has been awarded a contract by French oil major Total for its well construction planning technologies.
OMV has discovered hydrocarbons at an exploration well offshore New Zealand.
Conrad Petroleum has seen an uplift in its resource estimate on the Mako gas field, part of the Duyung PSC in the West Natuna Basin, offshore Indonesia.
Houston-based oil and gas company Vaalco Energy has completed workover operations on the South East Etame 2H well offshore Gabon.
Offshore construction yard Lamprell is implementing a program aimed at achieving a significant reduction in the group amid a global health crisis. As a result, Lamprell has mothballed one facility with plans to close another one upon completion of current projects.
Subsea 7 has secured contracts from Chevron for subsea installation services related to the Anchor field, located in the Green Canyon area of the U.S. Gulf of Mexico.
Interview with Julian Manning, CEO of Paradigm Group Julian Manning is the CEO of Paradigm Group. The company specialises in innovative upstream oil and gas technologies covering Drilling Operations, Well Intervention and Pipeline blockage removal. “All our core developments disrupt conventional way
The American Petroleum Institute has welcomed a historic OPEC+ agreement to curb global crude oil production. However, significant challenges remain in the weeks and months ahead, API has said.
Oilfield services provider Baker Hughes will be taking a $15 billion non-cash goodwill impairment charge in its first quarter 2020 in response to the significant decline in oil and gas prices and the COVID-19 pandemic.
President and chief executive officer (CEO) of U.S. oil and gas company Murphy Oil has resumed his responsibilities at the company after recovering from what was presumed to be COVID-19.
After four days of negotiations OPEC, Russia, and allies have agreed on record production cuts to save the oil industry amid a major industry crisis exacerbated by the coronavirus pandemic.
Tender rig specialist Energy Drilling has completed the heavy lifting of the drilling equipment set at the Kerisi platform in the Natuna Sea.
