Continued scrapping of rigs needed to balance demand and supply, Maersk...
Offshore drilling contractor Maersk Drilling believes that continued rig scrapping is needed to obtain a healthier balance between rig demand and supply amid difficult circumstances in the offshore...
View ArticleNeptune pushes back several project start-up dates despite ‘strong quarter’
Despite the challenges of COVID-19 and weaker commodity prices, Neptune Energy had a strong first quarter but still decided to push back several project start dates to smoothen investments through...
View ArticleApache stock to become exclusive to Nasdaq
Houston-based oil and gas company Apache Corporation has chosen to list its common stock solely on the Nasdaq Stock Market beginning 9 June 2020. Apache said on Wednesday that it would discontinue the...
View ArticleConocoPhillips closes sale of northern Australia assets to Santos
ConocoPhillips has completed the sale of its subsidiaries that hold its northern Australia and Timor-Leste assets and operations to Santos. The two energy giants entered into an agreement for the sale...
View ArticleSiem Offshore gets breathing room after standstill deal with lenders
Norwegian shipping company Siem Offshore has found a way to improve its cash flow and liquidity to be able to operate in a challenging offshore market by entering into a standstill agreement with its...
View ArticlePetrofac wins extension for work on Iraq’s crude oil export project
Oilfield services provider Petrofac has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing Iraq Crude Oil Export Expansion Project (ICOEEP). The company...
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Subsea 7 cutting 3000 jobs
Subsea 7 Subsea 7 has issued further details of its workforce and fleet reduction initiative announced earlier this year. Posted: 28 days ago Subsea 7 plans cost cuts as loss doubles Categories:...
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Aker BP gains consent to use Maersk Invincible rig on Valhall field
Norwegian oil company Aker BP has received consent from the Petroleum Safety Authority (PSA) for plugging and removal work at the Valhall drilling platform off Norway using the Maersk Invincible...
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Equinor to restart Hammerfest LNG plant on June 18
Norwegian energy giant Equinor plans to bring back online its Hammerfest liquefied natural gas export plant on June 18 following planned maintenance. Hammerfest LNG (Image by Harald Pettersen /...
View ArticleMelbana granted extra time for Beehive work obligations
Australian offshore regulator has granted Melbana Energy the approval to suspend the deadline for completion of the current WA-488-P permit year work obligations by 12 months. Melbana Energy said on...
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Norway shows lowest and Canada highest upstream carbon footprint, Rystad says
Due to an energy-intensive process of extracting its heavy oil, Canada has the highest carbon emission intensity per barrel of oil equivalent produced, while Norway has the lowest due to its carbon...
View ArticleAker BP taps into new Optime Subsea technology
Optime Subsea is launching a technology that removes umbilical controlled tubing hanger operations with Aker BP as its first user. According to Optime, the system aims to increase safety, and reduce...
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Go-ahead for Neptune to use Deepsea Yantai rig for Gjøa production drilling
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has given its consent to Neptune Energy for production drilling on the Gjøa field off Norway using the Deepsea Yantai...
View ArticleWintershall Dea: Hydrogen from natural gas instrumental in decarbonisation of...
German oil and gas company Wintershall Dea believes that hydrogen from natural gas will be instrumental in the decarbonisation of energy system and that the much-needed hydrogen market will not...
View ArticleDEME Offshore gets on board PosHYdon project
DEME Offshore has joined the team behind the PosHYdon project that aims to integrate offshore wind, offshore gas, and offshore hydrogen in the Dutch part of the North Sea. Within the project, DEME...
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EIA: U.S. LNG feedgas deliveries lowest since October 2019
Natural gas deliveries to U.S. facilities producing liquefied natural gas for export (LNG feedgas) slipped to the lowest levels since October 2019. Courtesy of Cheniere The volumes declined to 5.6...
View ArticleChevron plans to reduce workforce by up to 15 per cent this year
Oil major Chevron is planning to reduce its nearly 45,000-strong workforce by 10 to 15 per cent this year due to negative impacts of the coronavirus pandemic coupled with a sharp decline in oil and...
View ArticleMermaid deputy CEO resigns
Subsea and drilling services provider Mermaid said that Philippe Grasset has submitted his resignation as deputy chief executive officer of the company. The parties have agreed that the effective date...
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PHOTO: Allseas vessel up and running on Karish pipeline offshore Israel
Solitaire start-up on Karish; Source: Allseas Allseas’ Solitaire pipelay vessel is now working on Energean’s Karish pipeline project located offshore Israel. Solitaire returned to Rotterdam in April...
View ArticleU.S. weekly offshore rig count flat for two weeks in a row
The number of active offshore rigs in the U.S. remained flat at 12 units for the second week running, according to the latest weekly rig count report by Baker Hughes. Baker Hughes Rig Count: U.S. -17...
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