Record output lifts Aker BP profit
Aker BP booked a higher profit in 2Q 2020 on the back of record-high production despite lower income impacted by low oil prices and the coronavirus pandemic. Total income for the second quarter...
View ArticlePetrobras halves the cost of post-salt well construction
Brazilian oil and gas company Petrobras has managed to halve the costs of the post-salt well construction at its Golfinho field offshore Brazil. Petrobras on Tuesday said that it had completed the...
View ArticleWomen – the hidden potential of oil and gas industry’s energy transition
The oil and gas industry has historically been a hard place for female workers. Now, with the oil and gas industry transitioning towards green energy, women workers could be the fresh workforce...
View ArticlePetrobras reaches new production record at Búzios field
Brazilian oil and gas company Petrobras has reached a production record on its operated Búzios field located in the Santos Basin pre-salt offshore Brazil. Petrobras reported on Tuesday that platforms...
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Origin flags up to $868.3 mln impairment charge
Australia’s power and gas retailer Origin Energy is expecting to take a A$1.16 billion to A$1.24 billion ($812.2 to $868.3 million) hit in its full-year 2020 results. Courtesy of Origin Energy The...
View ArticleKeppel lands new FPSO contracts with MODEC
Keppel Offshore & Marine (Keppel O&M) has, through its subsidiaries in Singapore and Brazil, secured two contracts worth a combined value of about S$73 million ($52.4Mn) from MODEC. In...
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Aker Solutions remains positive despite loss
Aker Solutions has seen red in the second-quarter 2020, as revenue dropped some 29 per cent and restructuring charges affected the company’s bottom line. The Norwegian services player booked Q2 2020...
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OKEA takes interest in Equinor’s Aurora discovery
OKEA has signed a sales and purchase agreement with Equinor for the acquisition of Equinor’s 40 per cent operated working interest in two licences offshore Norway, which include the Aurora discovery....
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G20 governments firmly behind fossil fuels with $151 billion in COVID-19...
A total commitment of at least $151 billion from G20 governments in support of fossil fuels has been made available in their energy recovery policies, data from the Energy Policy Tracker shows. Of...
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Kazakhstan player gets approval to take over Caspian Explorer drilling vessel
Caspian Sunrise, an oil and gas company with a focus on Kazakhstan, has received regulatory and shareholder approvals for the acquisition of the Caspian Explorer drilling vessel. Caspian Explorer;...
View ArticleAREG and OGUK support industry efforts to achieve net zero emissions
Aberdeen Renewable Energy Group (AREG) and OGUK have signed a reciprocal membership agreement to reflect the aligned goals of supporting the energy industry to achieve net zero emissions. AREG, the...
View ArticleWoodside’s revenues sink despite record output
Australian energy giant Woodside saw its quarterly revenues drop, affected by the low oil price environment and the coronavirus pandemic, despite record-high output in the second quarter of 2020....
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Number of oil and gas wells set to hit 20-year low, Rystad says
The COVID-19 pandemic has stymied oil and gas activity, a phenomenon which has now affected the drilling market both in terms of wells drilled and in terms of related demand for drilling equipment,...
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Delfin LNG secures one-year extension from FERC
Delfin LNG, the company behind the floating export development in the Gulf of Mexico, has won a one-year extension from the US FERC. Image: Delfin Midstream FERC staff approved Delfin LNG’s request...
View ArticleOdfjell takes over drilling and maintenance ops at ConocoPhillips’ Ekofisk
Offshore driller Odfjell Drilling has taken over platform drilling and maintenance operations at ConocoPhillips’ Ekofisk Area in the North Sea, offshore Norway. This move marks the start of the...
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Transocean gets contract termination in UK, expects delays in drillship delivery
Transocean has received a contract termination for its semi-submersible Paul B. Loyd Jr. in the UK. Furthermore, Transocean said that the delivery of the Deepwater Atlas drillship from a Sembcorp...
View ArticleOcean Infinity delivers Guyana project for ExxonMobil
Ocean Infinity has completed its recent project for ExxonMobil, within the Stabroek block offshore Guyana. Ocean Infinity previously announced this contract award in March this year. Also, in January...
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FAR claims “good interest” for Sangomar stake sale
Australian oil and gas company FAR Limited said on Thursday it has received a “good level of interest” in the sale of its 15 per cent stake in the Sangomar oil and gas development offshore Senegal....
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Deltic Energy rejects takeover offer from compatriot oil & gas investment firm
UK-based Deltic Energy, previously known as Cluff Natural Resources, has received and unequivocally rejected a takeover offer from the compatriot oil & gas investment firm Reabold Resources....
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Trident Energy wraps up buy of ten offshore fields from Petrobras
Trident Energy has completed the acquisition of the Pampo and Enchova clusters offshore Brazil from the state-owned oil company Petrobras. Trident said on Thursday that the ten concessions in question...
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