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BW’s FSRU arrives to serve new Brazilian LNG-to-power project
BW’s floating storage and regasification unit has arrived at a new terminal in the Brazilian Port Acu to start its contract serving Gas Natural Acu’s LNG-to-power project. Image courtesy of GNA The...
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Scotland sets up $78M oil and gas support fund with greener future in mind
The Scottish government has set up a 62 million-pound ($78 million) fund to help the energy sector recover from the economic impacts of COVID-19 and the oil and gas price crash with net-zero...
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Saudi Aramco suspends Shelf Drilling jack-up rig charter
Saudi Arabian oil and gas giant Saudi Aramco has suspended its contract for the Shelf Drilling-owned High Island IV jack-up rig. High Island IV rig; Source: Shelf Drilling Shelf Drilling said on...
View ArticleBP assets to take up to $17.5 billion hit as it lowers oil price forecast
Oil giant BP is expecting massive reductions to asset values during the second quarter of 2020 as a result of the combined hit of the oil price plunge and the COVID-19 pandemic. The oil major said...
View ArticleAker BP eyes offshore wind-oil & gas combo in Norway
Aker BP is planning to explore the opportunity of using offshore wind energy at new oil & gas development areas offshore Norway. Aker BP and Equinor recently entered into an agreement in principle...
View ArticleAPPO, take action – oil and gas year is not lost, AEC says
The African Energy Chamber (AEC), a chamber of networks, transactions, and partnerships at the forefront of Africa’s growing energy industries, has urged member countries of the African Petroleum...
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NOPSEMA looking at BHP’s Crosby light well intervention plan
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has taken BHP’s plan for the Crosby-3H1 light well intervention under consideration. Location of...
View ArticleNHV pens aviation services extension with Ithaca Energy
Offshore helicopter operator NHV Group has won an extension with Ithaca Energy to provide aviation services to the oil company’s several fields in the Scottish part of the North Sea. NHV said on...
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Inpex completes Ichthys LNG loan refinancing deal
Japan’s Inpex said on Tuesday it has completed previously launched refinancing of part of the funding for its Ichthys liquefied natural gas export project in Australia. Image courtesy of Inpex The...
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Santos inks new domestic natural gas deal
Australian LNG player Santos, the operator of the GLNG project, has secured a new domestic natural gas deal with Gold Fields Limited. Courtesy of Santos Under the agreement, Santos will supply nearly...
View ArticleMubadala adds extra development well to Manora campaign
Mubadala Petroleum has added another development well to its Manora drilling campaign in the Gulf of Thailand, expanding it to four new development wells. As reported in May, Mubadala Petroleum and...
View ArticlePrimeline Energy insolvent after losing CNOOC arbitration
Chinese energy company Primeline Energy has lost its case against CNOOC China Limited (CCL) and its parent company, China National Offshore Oil Corporation (CNOOC), regarding the sale of gas and...
View ArticleVan Oord plans 500 lay-offs due to COVID-19
Van Oord plans to lay off approximately 500 employees globally due to COVID-19 impacts on the business. Van Oord stated that the coronavirus situation is having a major impact on the company as it is...
View ArticleSolstad Offshore secures 3-year deal for AHTS duo in Brazil
Norwegian vessel owner Solstad Offshore has won a contract for two of its anchor handling tug supply (AHTS) vessels from Brazilian oil company Petrobras. Solstad said on Tuesday that it won three-year...
View ArticleTGS wraps up MSGBC Basin campaign
Norwegian seismic player TGS has completed its flagship Jaan 3D seismic survey covering the MSGBC Basin in Northwest Africa. The survey took place in partnership with PGS and GeoPartners. Comprising...
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UK oil and gas industry pledges to halve operational emissions by 2030
Industry trade association Oil & Gas UK (OGUK) has revealed plans for halving emissions from production and exploration by 2030, with the country’s basin becoming net-zero by the year 2050....
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DOF anchor handler trio scores Petrobras deals
Norwegian vessel provider DOF has won several contracts for its fleet in Brazil from the country’s oil major Petrobras. Skandi Fluminense; Source: DOF DOF said on Tuesday that its Skandi Urca and...
View ArticleCovid-19 crisis setting the stage for restructuring of offshore drilling market
There is a case to be made that the coronavirus crisis has been setting the stage for the restructuring of the offshore drilling market, which was not in an enviable position even before the pandemic....
View ArticleMaersk Drilling enters project for CO2 storage beneath the seabed offshore...
Danish offshore drilling contractor Maersk Drilling is joining a new CO2 storage consortium formed by INEOS Oil & Gas Denmark and Wintershall Dea. The consortium is maturing one of the most...
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Wintershall Noordzee starts gas production from second Sillimanite well
Wintershall Noordzee, a joint venture of Wintershall Dea and Gazprom, has started gas production from its second B2 production well at the Sillimanite field offshore the Netherlands. Wintershall...
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