Oil and gas company Tower Resources has delayed the completion date for its Thali PSC farm-out over coronavirus pandemic but still hopes to start drilling the Njom-3 well before mid-September.
The charter agreement and services agreement for the BW Offshore-owned FPSO Cidade de São Mateus with Brazilian oil major Petrobras has ended.
Siccar Point Energy has decided to defer its planned sanction date for the Cambo project, located West of Shetland, to 2021 in light of the unprecedented worldwide macroeconomic dislocation resulting from Covid-19.
Australian FAR Limited has reached a settlement with compatriot Woodside related to Woodside’s entry into the Sangomar project, located offshore Senegal.
The Equinor-operated Johan Sverdrup field in the North Sea is expected to reach plateau production for the first phase in early May, earlier than anticipated.
Following successful offshore drilling campaigns, oil and gas company Spirit Energy has boosted production from two North Sea fields.
Teekay, which has recently decided to change its name to Altera Infrastructure, has entered into a new bareboat charter contract with the Foinaven operator, a subsidiary of BP, for the Petrojarl Foinaven FPSO.
Cairn Energy has made significant reductions and deferrals regarding its 2020 program, representing an overall 23 percent reduction in capital expenditure for the year.
Sharp oil price drop and the global coronavirus pandemic have pushed Norwegian seismic survey company EMGS to operate in a low-cost setup to preserve sufficient liquidity.
Hurricane Energy has confirmed that a crew member on the Aoka Mizu FPSO at the Lancaster field has been evacuated to the mainland for medical reasons and subsequently tested positive for COVID-19.
Valaris has received contract terminations for two rigs operating offshore Angola, one from Total and the other one from Chevron, but has also secured revenue backlog of $100 million.
Joining other oil and gas operators in actions to safeguard their businesses amid coronavirus crisis and the oil price war, Austrian oil and gas company OMV has decided to reduce its investments in 2020 by 20 percent, cut costs by around $217 million, and delay acquisition projects.
Africa’s expected production is set to decline for most of this decade and energy-reliant state budgets to take significant hits, as top planned oil and gas projects were expecting sanctioning under an oil price assumption of between $55-$60 per barrel, according to energy intelligence firm Rystad E
Gastrade of Greece, the developer of a planned offshore liquefied natural gas import facility at Alexandroupolis, said Thursday that gas firms have submitted “satisfactory” binding bids to reserve regasification capacity at the facility. Key gas market players in Greece and southeast Europe, as well
