Mermaid books $84 million loss in Q3
Subsea services provider Mermaid has reported net loss of $84.1 million for the three-month period ended 30 September 2020. This result compares with loss of some $6.2 million in the corresponding...
View ArticleU.S. readies first Gulf of Mexico oil and gas lease sale for 2021
The U.S. government agency Bureau of Ocean Energy Management (BOEM) is planning the first Gulf of Mexico oil and gas lease sale for 2021, which outlines all available areas in the region-wide auction....
View ArticleGlobal upstream M&A deals to gain momentum for the rest of 2020?
Global oil and gas operators entered 2020 unaware of what the events in the first quarter will bring, including the extent and the aftermath of those events. As the Covid-19 pandemic decimated the...
View ArticleEquinor to boost Johan Sverdrup output
Once again, the Equinor-operated Johan Sverdrup field is increasing its daily production capacity, expecting to reach around 500,000 barrels of oil per day by the end of the year. This is around...
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Vantage wins more drillship and jack-up rig work
Offshore drilling contractor Vantage Drilling has secured more work for its jack-up rig in Indonesia and a drillship in India. Platinum Explorer drillship; Source: Vantage Drilling In its fleet status...
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Vaalco buys additional working interest in Etame Marin block off Gabon
Houston-based oil and gas company Vaalco Energy has signed a sale and purchase agreement to acquire Sasol’s 27.8 per cent working interest in the Etame Marin block offshore Gabon. Vaalco said on...
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Suriname offers eight offshore blocks in new bid round
Suriname is offering eight new offshore blocks in the currently unlicensed and underexplored Shallow Offshore (SHO) acreage of Suriname via a round of competitive bidding. Source: Staatsolie...
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PetroVietnam pumps first gas from Sao Vang-Dai Nguyet offshore field
State-owned PetroVietnam has started pumping first gas from its Sao Vang-Dai Nguyet field off Vietnam’s southern coast. PetroVietnam said that first gas from the Sao Vang-Dai Nguyet field was...
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Total and Jadestone exit acreage off the Philippines
French major Total and Asia Pacific-focused Jadestone Energy have decided to relinquish and terminate its Service Contract 56 (SC56), offshore Philippines, following a decision not to drill an...
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Covid-19 caused the loss of over 28,000 oil & gas jobs in Australia, Rystad...
The Covid-19 pandemic hit Australia’s already declining oil and gas workforce hard, causing a loss of over 28,000 jobs this year, equivalent to a quarter of the country’s total count, a Rystad Energy...
View ArticleReport confirms progress in safety of offshore oil and gas operations in Europe
The European Commission has seen progress in the safety of offshore oil and gas operations in EU member states following the implementation of the safety directive. Under the Directive on Safety of...
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Ithaca moves forward with plans to develop North Sea field as subsea tie-back
Ithaca Energy, an oil and gas company owned by Israeli Delek, is moving forward with its plans to develop the Abigail field, located in the UK North Sea, as a subsea tie-back to its FPF-1 facility....
View ArticleEnergean’s Karish project 85 pct complete
Greek oil and gas company Energean has completed 85 per cent of its Karish project offshore Israel. Energean said in an operational update on Tuesday that it continued to make solid progress on Karish...
View ArticleNorway: Oil firms ramp up 2021 investment plans
A survey by the Norwegian statistics bureau SSB has revealed that oil and gas companies in Norway have boosted investment plans in recent months. SSB stated in the survey published on Thursday that...
View ArticleTransocean adds $297 million to backlog as Petrobras extends two drillships
Offshore drilling contractor Transocean has been awarded contract extensions for two of its drillships that have been working for Petrobras. Transocean said on Wednesday that Petrobras had exercised a...
View ArticleForce majeure notice served to India’s ONGC for Bumi FPSO
Malaysian FPSO operator Bumi Armada has said that India’s ONGC has been served with a force majeure notice related to the charter hire of an FPSO for the Indian company’s offshore project. Bumi Armada...
View ArticleOPEC lowers 2020 oil demand forecast
The Organization of the Petroleum Exporting Countries (OPEC) has lowered its 2020 oil demand forecast to negative -9.8 million barrels a day. OPEC’s secretary-general Mohammad Sanusi Barkindo said via...
View ArticleEquinor faces safety order after serious lifting incident in Norway
Norwegian oil giant Equinor has been served with a notice of order from the country’s offshore safety agency following a serious lifting incident with personal injury on the Oseberg B platform located...
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Gulf of Mexico lease sale attracts over $120 million in high bids
The U.S. government agency Bureau of Ocean Energy Management (BOEM) has held an oil and gas lease sale for acreage in the Gulf of Mexico, the last one under the Trump administration, yielding more...
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PetroRio buys stakes in two BP fields off Brazil
Brazilian oil and gas company PetroRio has signed an agreement with BP for the acquisition of interests in two fields offshore Brazil. PetroRio said on Thursday that the agreement was for the...
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