Cenovus to cut up to a quarter of combined workforce with Husky after deal...
Canadian oil and gas player Cenovus Energy has decided to cut between 20 and 25 per cent of its workforce after the acquisition of Husky Energy. Cenovus said on Tuesday that the workforce cut would be...
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Red ink for ConocoPhillips
U.S. oil major ConocoPhillips recorded a loss in the third quarter of 2020 compared to a profit in the same period last year. ConocoPhillips CEO Ryan Lance ConocoPhillips on Thursday reported a...
View ArticleMAN to supply compressors for Equinor’s Bacalhau FPSO
Japanese supplier and operator of offshore floating platforms MODEC has commissioned MAN Energy Solutions to supply a total of five radial compressor and two screw compressor trains for the first...
View ArticleExxonMobil to slash 14,000 jobs as effects of pandemic hit oil demand
U.S. oil major ExxonMobil could cut its global workforce by about 15 per cent, as the Covid-19 pandemic batters energy demand and prices. ExxonMobil said on Thursday that the company, as other oil...
View ArticleHurricane shutdowns bite U.S. oil and gas output
As crews began returning to U.S. Gulf of Mexico offshore facilities on Thursday following Hurricane Zeta, companies are feeling this year’s repeated oil and gas production halts. Eight named storms...
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Petrobras win for Solstad subsea vessels
Courtesy: Solstad Offshore Solstad Offshore said that Petrobras has extended the current contract of RSV Far Saga for a period of one year and picked up another vessel for operations in Brazil....
View ArticleU.S. offshore rig count stuck at 13 units
The number of offshore rigs in the U.S. remained steady last week but dropped nine units year over year, according to a Friday report by Baker Hughes. Baker Hughes Rig Count: U.S. +9 to 296 rigs U.S....
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Pacific Drilling files for Chapter 11 to eliminate $1.1 billion of debt
Offshore drilling contractor Pacific Drilling has filed for Chapter 11 bankruptcy to eliminate $1.1 billion of bond debt amid significant disruption in the offshore drilling market caused by the...
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Equinor makes minor gas discovery near Maria field
Norwegian oil major Equinor has made a minor gas discovery near the Maria field in the Norwegian Sea. The Norwegian Petroleum Directorate (NPD) said on Monday that Equinor, operator of production...
View ArticleBW Energy revealed as buyer of two Borr rigs as Gabon development plan gets...
BW Energy has concluded on an alternative development plan for the Hibiscus/Ruche satellite field in the Dussafu license offshore Gabon, using a converted jack-up rig to reduce investments and time to...
View ArticleLamprell scores engineering deal with IMI
UAE-based offshore oil rig builder Lamprell has been awarded a medium-sized contract by International Maritime Industries (IMI) for engineering design services. Lamprell said on Monday that it would...
View ArticleEquinor advancing energy transition plans as new boss takes over
Norwegian oil and gas major Equinor has revealed its ambition to become a net-zero company by 2050 as its new boss is taking over his position. The new CEO is meant to speed up the company’s push...
View ArticleDolphin Drilling gets new rig job in Norway
Offshore drilling contractor Dolphin Drilling has secured a new combined contract with Norwegian oil and gas operator DNO Norge. Dolphin Drilling said on Monday that the contract will see it support...
View ArticleCNOOC starts up eighth project off China in 2020
Oil and gas company CNOOC Limited has started production from the Liuhua 29-1 gas field in the South China Sea. The Liuhua 29-1 gas field is located in the eastern South China Sea, 86 kilometres...
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Rystad sees oil demand peaking in 2028 accelerated by Covid-19 and energy...
The Covid-19 pandemic and energy transition are expected to expedite peak oil demand to 2028 and cut demand levels to 102 million bpd, according to Norwegian energy intelligence firm Rystad Energy....
View ArticleWell-Safe Solutions secures $33.6 million investment
Well abandonment services provider Well-Safe Solutions has secured a £26 million ($33.6 million) investment to fund the next phase of the company’s growth plan. Well-Safe said on Monday that the...
View ArticleHibiscus Petroleum completes infill drilling campaign off Malaysia
Malaysia’s Hibiscus Petroleum has completed the St Joseph minor sands infill and major sands redevelopment infill drilling campaign off Malaysia, adding 2,200 barrels per day of crude oil production....
View ArticlePremier Oil gets support from creditors for Chrysaor merger
UK oil and gas company Premier Oil has received support from creditors for the proposed merger with Chrysaor announced in October. Premier Oil on 6 October 2020 reached an agreement with Harbour’s UK...
View ArticleNoble rig scoops North Sea deal with IOG
Independent Oil and Gas (IOG) has awarded a rig contract for its Core Project Phase 1 located in the UK North Sea to a Noble Corporation-owned jack-up rig. IOG is the operator of the joint venture...
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DOF Subsea lands 2-year extension deal for Skandi Africa
Norwegian offshore vessel owner DOF Subsea has secured a 2-year contract extension for the DP3 construction support vessel Skandi Africa. The Oslo-listed DOF said the new contract will commence in...
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