Polarcus in XArray seismic acquisition in Asia Pacific
Polarcus has received a contract for an XArray marine seismic acquisition project in Asia Pacific. The acquisition is expected to begin in June 2020. The work will have a duration of approximately one...
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Green light for subsea modifications at Ichthys LNG
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has approved Inpex’s plan for significant subsea modifications on the Ichthys LNG project off Australia....
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MAN dual-fuel engines picked for Japanese power plant
MAN Energy Solutions bagged a deal from Kawasaki Heavy Industries to supply two dual-fuel engines to a Japanese power plant. Image courtesy of MAN Energy Solutions In what is lauded as a first for the...
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KenzFigee to provide pipe handling cranes for two Spliethoff newbuilds
Dutch offshore lifting equipment provider KenzFigee has been awarded a contract by Amsterdam-based shipping company Spliethoff for the delivery of pipe handling gantry cranes for their two newbuild...
View ArticleNeptune Energy partners with Eneco on PosHYdon
Dutch energy company Eneco has joined as a partner the PosHYdon pilot, the world’s first offshore green hydrogen project, Neptune Energy said. Eneco will supply simulated wind data from its...
View ArticleNew projects boost CNOOC output but revenues slip on low oil prices
Chinese oil and gas company CNOOC saw an increase in its quarterly output driven by new project startups in China and the contribution from new international projects. However, CNOOC’s quarterly...
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Large E&P player interested in Corallian’s block off UK
UK oil and gas company Corallian and its joint venture partners, Upland Resources and Baron Oil, have signed a work-sharing and confidentiality agreement with an undisclosed ‘large European E&P...
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Gazprom’s net profit dips
Russian gas giant Gazprom reported a 17 percent drop in 2019 net profit due to lower prices and declining demand in Europe. Image courtesy of Gazprom Gazprom’s net profit reached 1.2 trillion Russian...
View ArticleSafety nod for Spirit Energy to use Leiv Eiriksson rig in Barents Sea
Oil and gas company Spirit Energy has received consent from the Norwegian offshore safety body, the Petroleum Safety Authority (PSA), for exploration drilling in the Barents Sea using the Leiv...
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Equinor bites dust in North Sea well
Norwegian oil and gas company Equinor has drilled a dry well near the Oseberg field in the North Sea off Norway. West Hercules; Source: Seadrill Equinor has concluded the drilling of wildcat well...
View ArticleAker Solutions slips to quarterly loss
Aker Solutions booked Q1 2020 loss of NOK 742 million, against profit of NOK 149 million same time last year. Lower activity levels towards the end of the quarter impacted the results, as operators...
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Shell cuts dividend as profit tumbles on low oil prices
Oil major Shell has decided to slash its dividend after seeing its quarterly profit nearly halved when compared to the last year’s quarter amid a dramatic decline in oil price. Shell CEO Ben van...
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Australian regulator accepts Beach Energy’s plan for Trefoil seabed assessment
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has approved Beach Energy’s plan for a geophysical and geotechnical seabed assessment on the Trefoil...
View ArticleValaris books $3 billion loss over rig impairments
Offshore drilling contractor Valaris booked $3 billion loss in the first quarter of the year affected by impairments and fleet utilization decline. Valaris on Wednesday posted a net loss of $3.01...
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Total to examine if O&G platforms can run on renewable energy
French energy major Total has joined a project to explore the potential of powering offshore oil and gas platforms with floating wind and wave energy. The O/G Decarb innovation project will examine...
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Norway to introduce oil output cuts until end of 2020
The Norwegian Government has decided to make oil production cuts in an attempt to stabilise the oil market faster. The Government said on Thursday that the coronavirus pandemic and the efforts to...
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Lundin lifts output forecast as quarterly revenues grow
Oil and gas company Lundin Energy saw its quarterly revenues grow on the back of Johan Sverdrup start-up. As a result of strong performance from the Norwegian fields, Lundin has increased its...
View ArticleMaersk Drilling bags $100 million deal with Equinor
Offshore drilling contractor Maersk Drilling has been awarded a contract by Equinor for the drilling of three and plugging of one well on the Martin Linge field offshore Norway. The contract was...
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ConocoPhillips swings to $1.7 billion loss
Oil major ConocoPhillips went from a profit in the first quarter last year to a loss in the same period of 2020 after being hit by impairment charges and lower oil and gas prices. Ekofisk; Source:...
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Woodside expects low oil and gas prices into 2021
Australia’s largest LNG player Woodside expects low oil and gas prices to continue for the rest of 2020 and into next year due to the Covid-19 coronavirus pandemic. Pluto LNG (Image courtesy of...
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