Offshore Energy Exhibition & Conference 2018 featured the Global Oil Event. This event discussed strategic issues up and down the gas value chain focusing among others on market developments, changing business models and the place of oil in the future energy mix. Watch the contributions from analyst
Offshore Energy Exhibition & Conference 2018 featured the Global Gas Event. This event discussed strategic issues up and down the gas value chain focusing among others on market developments, changing business models and the place of gas and oil in the future energy mix. Watch the contributions from
Oil major ExxonMobil is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic.
The African Energy Chamber, a chamber of networks, transactions, and partnerships at the helm of Africa’s growing energy industries, has urged OPEC and OPEC+ to reach a deal on ending the oil price war which has sent the oil price tumbling to historic low levels.
In line with its objective to divest $5 billion during 2019-2020, Total is pursuing the divestments of several non-core assets in both exploration and production (Brunei) and marketing & services (Sierra Leone and Liberia).
Oil and gas company Wintershall Dea Norge has made an oil discovery near the Maria field in the Norwegian Sea.
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has begun an assessment of Santos’ environment plan for the operations of the Ningaloo Vision FPSO located off Australia.
Oil and gas company Global Petroleum has agreed to license pre-existing 3D seismic data in its 2011A (PEL0094) offshore Namibia Block.
The world’s largest semi-submersible crane vessel, Heerema’s Sleipnir, has lifted a module for Equinor’s Snorre A platform from the quayside at Aibel’s yard in Haugesund, Norway, ahead of its transportation and installation in the North Sea off Norway.
Norwegian oil major Equinor has encountered oil in the Monument exploration well in the U.S. Gulf of Mexico.
Petrofac is joining other providers in actions responding to the unprecedented market conditions. As a result, Petrofac will reduce its capex by 40%, reduce salaries across the company, and reduce its personnel by about 20%.
Aker BP has made a minor gas discovery southwest of the Skarv field in the Norwegian Sea.
Australia-based oil and gas company Otto Energy has taken measures to mitigate the effects of the low oil price environment.
Upstream PS, a wholly-owned subsidiary of GR Engineering Services, has entered into a three-year contract with Triangle Energy for the provision of operations and maintenance services to the Arrowsmith Stabilisation Plant (ASP) and Cliff Head Alpha offshore platform in Australia.
