Wood aims for 40 pct greenhouse gas emission reduction by 2030
Oilfield services company Wood has pledged to reduce its greenhouse gas emissions by 40 per cent by 2030. Wood said on Friday that this science-based target was focused on reducing its scope 1 and 2...
View ArticleSembMarine’s Brazilian unit enters $500 million credit facility
A Brazil-based wholly-owned subsidiary of Singapore’s offshore rig builder Sembcorp Marine (SembMarine) has entered into a revolving facility agreement for up to $500 million with Standard Chartered...
View ArticlePremier agrees discount in buying BP’s North Sea assets
Oil and gas company Premier Oil has agreed revised terms for the acquisitions of the Andrew Area and Shearwater assets from British oil major BP. In January, Premier Oil made agreements to buy the...
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Hokchi opts for early termination of drilling contract with Mexico’s Grupo R
Mexico’s Grupo R has received an early termination of a drilling contract with Hokchi Energy due to the current market situation. Cantarell III rig; Source: Grupo R Hokchi Energy, a subsidiary of...
View ArticleApache cuts down on offshore inspection hours through digitalisation
Oil and gas company Apache has implemented digital inspection technology to reduce offshore inspection hours on its Beryl Alpha Platform. Apache adopted the Arup Inspect MInteg (AIM) inspection...
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Worldwide offshore rig count tumbles in May
The worldwide offshore rig count in May 2020 dropped by 54 rigs year-over-year and 37 rigs sequentially, according to a report by Baker Hughes. Baker Hughes splits its report into an international and...
View ArticleAker Energy to revive Pecan field development with phased approach
Oil and gas company Aker Energy is looking to revive its Pecan field development, located offshore Ghana, after postponing the final investment decision and terminating its agreement with Yinson for...
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Equinor launches maritime climate ambitions
On the UN’s World Oceans Day, energy company Equinor is launching its ambitions for reducing own emissions from ships, detailing how the company will help decarbonise shipping. Source: Equinor ASA;...
View ArticleBW gets another FPSO extension from Petrobras but layup still on the cards
FPSO operator BW Offshore has signed another agreement with Petrobras for an extension of the lease and operation of BW Cidade de São Vicente in Brazil. BW Offshore said on Saturday that the extension...
View ArticlePenspen inks engineering study deal off Myanmar
Engineering and management services provider Penspen has been awarded a contract from an undisclosed oil and gas operator for an offshore natural gas project in Myanmar. Penspen said on Monday that it...
View ArticleHurricane Energy CEO resigns. Lancaster production increased
The chief executive officer (CEO) and director of London-listed oil explorer Hurricane Energy has decided to resign from the company. Hurricane said on Monday that its director and CEO Robert Trice...
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Shell farm-in moving forward after Egdon gains extension for UK licences
The UK’s Oil and Gas Authority (OGA) has granted extensions to Egdon Resources for P1929 and P2304 licences offshore the UK. Location of the licences; Source: Egdon Oil major Shell farmed into the two...
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European offshore wind CAPEX to top upstream oil & gas in 2022 – Rystad Energy
Capital expenditure (CAPEX) on offshore wind is expected to surpass upstream oil & gas spending in Europe in 2022, according to Rystad Energy. The oil market collapse caused by the Covid-19...
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Decommissioning plan for Shell’s Kingfisher field under assessment
UK authorities are assessing the plan for the decommissioning of Shell’s Kingfisher installations and fifteen associated infield pipelines off the UK. The Kingfisher field lies in Block 16/8 of the UK...
View ArticleBP to cut 10,000 jobs as Covid-19 spurs energy transition plans
Oil major BP will be reducing its global workforce by 10,000 this year as part of its plans to make the organization smaller and fit for the energy transition, which were accelerated due to the...
View ArticleMcDermott wraps up Shell job off Sarawak
U.S. engineering and construction services company McDermott International has completed the Pan Malaysia transportation and installation projects offshore Sarawak for Shell and SapuraOMV. The Pan...
View ArticleAwilco Drilling cancels rig order with Keppel
Awilco Drilling has decided to cancel a semi-submersible rig order with rig builder Keppel due to breaches under the construction contract. Awilco Drilling said on Monday it has notified Keppel FELS...
View ArticleTGS wraps up Santos Basin seismic survey in Brazil
TGS has completed an additional phase of the Santos Basin 3D multi-client seismic survey in Brazil. The survey is located south of the high-profile discoveries in the Santos Basin and the recent...
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Byron Energy begins loadout of Gulf of Mexico platform
Oil and gas company Byron Energy has begun the loadout of the South Marsh Island 58 G platform which will be installed in the Gulf of Mexico in the next four weeks. SM58 G topside; Source: Byron...
View ArticleKeppel rejects Awilco’s contract termination
Following Awilco Drilling’s cancellation of a rig construction contract with Keppel due to alleged breaches of the contract, Keppel has denied the allegations and rejected the termination. Awilco...
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