The developers behind the Woodfibre liquefied natural gas (LNG) export project on Canada’s West Coast are pushing back the start of construction. Woodfibre LNG, owned by Pacific Oil & Gas, planned to start construction on a 2.1 million metric tonnes per annum LNG terminal and associated facilities t
Eni has decided to reduce its capex and opex for this year and the next as a result of the coronavirus pandemic and the oil price war. The reductions are mainly related to Eni’s Upstream activities.
Vaalco has completed its 2019/2020 drilling campaign in the Etame Marin permit offshore Gabon, which included three development wells and two appraisal wells that confirmed additional resources.
President and chief executive officer (CEO) of U.S. oil and gas company Murphy Oil has taken a temporary medical leave over coronavirus concerns.
Australia’s 3D Oil Limited and ConocoPhillips have executed a joint operating agreement (JOA) in relation to the offshore Tasmanian Permit T/49P, which satisfies a key condition of the farmout agreement (FOA) signed in December 2019.
Russia’s Sakhalin-2 liquefied natural gas (LNG) export terminal, operated by energy giant Gazprom, has loaded a milestone cargo at its facility in the port of Prigorodnoye. The milestone 1,800th cargo was loaded on Wednesday onto the Hyundai Aquapia LNG carrier. The cargo, purchased by LNG importing
London-listed oil company Bahamas Petroleum Company (BPC) has further pushed back the drilling of its first exploration well in The Bahamas, the Perseverance #1.
More than a million jobs in the oilfield service industry (OFS) are likely to be cut in 2020 due to low project volumes brought upon by the Covid-19 epidemic and the ongoing oil price war, a Rystad Energy impact analysis shows, also revealing that shale services will bear most of the reductions.
Global energy demand is increasing and with climate agreements looming, the future of the energy mix will see major changes. We spoke to Lex de Groot, managing director of independent E&P company Neptune Energy Netherlands, on how he sees the respective roles of offshore wind, oil, gas and marine en
LNG Canada, the Shell-led multibillion-dollar project, has temporarily reduced the number of workers at its site in Kitimat by about 50 percent to help reduce the spread of the COVID-19 virus. According to a statement by LNG Canada, only personnel working on essential activities will be working at t
Japan’s Inpex Corporation is reviewing its investment plans and looking into other cost-reducing measures due to the current market situation and the impact of the coronavirus and the oil price decline on its business operations.
Danish tanker owner and operator Maersk Product Tankers returned to black having reported a profit of $91.4 million for 2019 as freight markets improved across all tanker segments. The profit marks a significant recovery when compared to a loss of $35 million a year earlier. The tanker shipping comp
Woodside is exploring how the costs for its Sangomar project, located offshore Senegal, can be reduced and expenditure delayed due to the current coronavirus pandemic and the sudden fall of the oil price.
FAR Limited has temporarily suspended its plans to drill an exploration well offshore The Gambia as a result of the coronavirus pandemic.
