Clik here to view.
Cooper Energy and Mitsui commit $55M for Minerva gas plant upgrade
Australia’s Cooper Energy and partner Mitsui Group have committed $55 million to upgrade the idle Minerva gas plant which will allow the supply of 16 petajoules of so far undeveloped gas. To remind,...
View ArticleClik here to view.
Masirah gets green light for Yumna field development plan
Oman’s Ministry of Oil and Gas has approved Masirah Oil’s field development plan (FDP) for the offshore Yumna field. Rex International, a majority stakeholder in Masirah Oil, said last week that the...
View ArticleClik here to view.
Petróleo Nautipa FPSO off Gabon to stay with Vaalco for another year
BW Offshore has received a one-year contract extension for the lease of one of its floating, production storage and offloading (FPSO) vessels. FPSO Petroleo Nautipa; Source: BW Offshore BW Offshore...
View ArticleWill Chevron’s Noble Energy swoop trigger a wave of M&A deals in oil & gas...
A double whammy of the coronavirus pandemic and the oil price war from earlier this year has shaken the oil industry to the core changing its landscape for years to come. In the aftermath of the oil...
View ArticleEni calls Nigeria bribery case ‘completely groundless’ as prosecutors seek...
Italian oil and gas company Eni considers that the Public Prosecutor’s requests for conviction of the company its former and current CEOs and the managers involved in the Nigerian bribery case related...
View ArticleClik here to view.
Chariot CEO steps down
Chariot Oil & Gas CEO, Larry Bottomley, has stepped down from the company with immediate effect and two others have joined the board. Larry Bottomley, Chariot’s former CEO; Source: Chariot To...
View ArticleOGTC and ORE Catapult in energy transition alliance
Two UK energy technology and innovation organisations have announced a five-year collaboration to deliver next generation energy technologies and accelerate the United Kingdom’s transition to a net...
View ArticleAker BP cleared for production drilling on two fields offshore Norway
Aker BP has received safety consents from the Norwegian offshore safety watchdog to use two rigs for production drilling on two separate fields offshore Norway. The watchdog, the Petroleum Safety...
View ArticleClik here to view.
SURF’s up on Anyala and Madu fields
Nigerian National Petroleum Corporation (NNPC) and First Exploration & Production (First E&P) have completed SURF installation campaign on Anyala and Madu fields under OML 83 and OML 85,...
View ArticleBaker Hughes books bigger quarterly loss
Oilfield services provider Baker Hughes saw its loss deepen during the second quarter of the year as its revenues decreased by 21 per cent compared to the same period last year. According to its...
View ArticleClik here to view.
Red quarter for Polarcus as revenues sink
Marine seismic player Polarcus has slipped deeper into the red in Q2 2020 as revenues dropped close to 66 per cent compared to prior year. The Oslo-listed company reported second quarter 2020 loss of...
View ArticleOKEA restarts Draugen after nearly a month-long turnaround
Oil and gas company OKEA has successfully completed a turnaround on its operated Draugen platform located offshore Norway. OKEA said on Thursday that the production on Draugen started after a...
View ArticleClik here to view.
Rystad: Oilfield services market could replace lagging revenue by tapping...
Hit by the Covid-19 downturn, the oilfield service market is not likely to rebound to last year’s activity level until 2023, according to a Rystad Energy analysis. However, suppliers could diversify...
View ArticleWatch Neptune install subsea equipment for two North Sea projects
Neptune Energy has successfully installed subsea oil and gas production flowlines and gas lift flowlines for its Duva & Gjøa P1 developments in the Norwegian sector of the North Sea. Neptune and...
View ArticleHelix Energy Solutions earnings drop in Q2
Houston-based offshore services and robotics specialist Helix Energy Solutions has reported profit of $5.5 million, or 4 cents per diluted share, for the second quarter of 2020 compared to $16.8...
View ArticleClik here to view.
Shell gets green light for Brent Alpha jacket decommissioning plan
UK authorities have approved Shell’s decommissioning plan for the Brent Alpha jacket, located in the UK sector of the North Sea. The Brent Alpha platform in 2006; Source: Shell Through the Brent Alpha...
View ArticleClik here to view.
More red ink for PGS
PGS has seen its Q2 2020 loss widened, as revenues fell more than 50 percent. The Oslo-listed seismic player reported quarterly loss of $111.4 million, or 29 cents per share on revenues of $90...
View ArticleRepsol swings to loss as asset impairments bite
Spanish oil and gas company Repsol booked a loss in the second quarter of the year after being forced to re-evaluate its upstream assets due to the effects of the coronavirus pandemic and the low oil...
View ArticleUN Security Council urged to prevent oil spill from leaking oil tanker wreck...
The condition of the decaying oil storage vessel Safer, floating north of Hodeidah, Yemen, is deteriorating daily, posing a major threat of an oil spill, the UN Security Council was told last week....
View ArticleEMGS loss widens on halved revenues
Norwegian geophysical services company EMGS has seen its second-quarter loss widened as revenues slipped almost 50 per cent The Oslo-listed firm booked Q2 2020 loss of $6.6 million or 5 cents, versus...
View Article