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Equinor sees red as low oil price and Covid-19 halve 2Q revenues
Norwegian oil and gas giant Equinor sank to the red in the second quarter of the year as its revenues were halved amid Covid-19 pandemic and low oil prices. The Johan Sverdrup field in the North Sea....
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Havila bags three-year job for subsea vessel in Brazil
Norwegian offshore shipping company Havila has been awarded a three-year contract for its subsea vessel in Brazil. Havila Harmony vessel; Source: Havila Havila said on Friday it has entered into a...
View ArticleKim Heng buys two anchor handling tugs from distressed seller
Offshore and marine services provider Kim Heng Offshore & Marine has bought two anchor handling tugs from Posh Terasea. Kim Heng said on Friday that its 51 per cent owned subsidiary, Bridgewater...
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TAQA files decommissioning plans for two North Sea platform topsides
TAQA Bratani has filed its decommissioning programs for the Tern and North Cormorant platform topsides, located in the UK North Sea, to the UK authorities. North Cormorant platform; Source: TAQA Under...
View ArticleCharges and revenue drop drag Schlumberger into the red
Oilfield services major Schlumberger recognised a $3.34 billion loss in the second quarter on $3.7 billion charge and revenue drop of some 35 per cent. The loss of $2.47 per share compares with profit...
View ArticleU.S. offshore rig count stays flat for another week
The U.S. offshore rig count has not changed for the third week in a row now, according to a Friday report by Baker Hughes. Baker Hughes Rig Count: U.S. -2 to 251 rigs U.S. Rig Count is down 2 rigs...
View ArticleRussia’s Lukoil enters as Cairn exits Sangomar project in Senegal
Cairn Energy has entered into an agreement to sell to Russia’s Lukoil its entire 40 per cent interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) contract area,...
View ArticleKaroon changes terms for Brazilian oilfield acquisition
Australia’s Karoon Gas has executed a binding agreement to amend the sale and purchase agreement (SPA) to acquire a 100 per cent operating interest in the Baúna field located offshore Brazil. Karoon...
View ArticleSparrows wins three-year contract renewal in India
Sparrows Group has secured a three-year contract renewal to supply a rental crane to Vedanta Resources in India, extending its relationship with the company to nine years. A Sparrows manufactured...
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Eni confirms gas potential in discovery offshore Vietnam
Italian oil and gas company Eni has discovered a significant hydrocarbon accumulation on the Ken Bau discovery located in Block 114, Song Hong Basin, offshore Vietnam. Block 114 offshore Vietnam;...
View ArticleHurricane stabilises Lancaster field output
Hurricane Energy has stabilised production from its Lancaster Early Production System (EPS), located in the West of Shetland area, following the commissioning of the electric submersible pumps on two...
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Chinese offshore oil and gas company joins ADNOC’s concessions
ADNOC has entered into an agreement for the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from the China National Petroleum Corporation (CNPC) to China National...
View ArticleION in its first Mauritania 3D multi-client
ION has announced the first 3D multi-client program in Mauritania with the Ministry of Petroleum, Mines and Energy (MPME). ION will seamlessly integrate and reimage some 24,000 square kilometres of...
View ArticleFugro delivers remote inspection in UK sector
Fugro has delivered the first fully remote inspection of an oil and gas platform in UK waters. The project took place 250 kilometres east of Scotland, using an ROV and Fugro’s remote operations centre...
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BP takes Solstad vessel trio for Ironbark drilling support
Oil major BP has chartered three Solstad Offshore’s vessels to support the company’s Ironbark drilling campaign offshore Australia. Solstad Offshore said on Monday that BP awarded contracts for two...
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Avance Gas sells VLGC Avance
Liquefied petroleum gas (LPG) transporter, Avance Gas, has agreed the sale of another one of its very large gas carriers to a third party for $35 million. Courtesy of Avance Gas The company noted is...
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Sakhalin Energy begins maintenance on Molikpaq offshore platform
Russia’s Sakhalin Energy has started a seasonal turnaround campaign at the Molikpaq offshore oil and gas platform which is one of the Sakhalin-2 production assets. Sakhalin Energy said that over 300...
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UOG scoops Tullow’s stake in Jamaican offshore licence
Oil and gas company United Oil & Gas (UOG) has been assigned Tullow Oil’s stake in the Walton Morant licence off Jamaica, which the company now fully owns. UOG said on Monday that the government...
View ArticleSEA-KIT bags two USV orders from Fugro
Dutch surveyor Fugro has ordered two 12-metre SEA-KIT X class uncrewed surface vessels (USVs). The two new USVs are the first of multiple builds for Fugro as part of the partnership. Essex-based...
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Staatsolie mulls entering Apache’s Suriname block
Block 58 offshore Suriname has again come under the spotlight since state-owned oil company Staatsolie announced it was considering farming into the block where Apache last week hit its third...
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