Repsol 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...
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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 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...
View ArticleOOS Tiradentes first accommodation vessel to resume work for Petrobras
Semi-submersible accommodation vessel OOS Tiradentes has become the first offshore rig to resume operations in Brazil following Petrobras’ shutdown of facilities due to the COVID-19 pandemic. CIMC...
View ArticleNeptune dubs Dugong as largest oil discovery in Norway this year
Oil and gas exploration firm Neptune Energy has stated that it made the largest oil discovery in Norway so far this year with its Dugong well in the Norwegian sector of the North Sea. To remind,...
View ArticleGreen energy transition: vital role of the oil & gas industry in achieving...
The following article is a guest post by Myles Mantle, a partner specialising in project development and finance at Haynes and Boone, an international commercial law firm, and Shu Shu Wong, an...
View ArticleSRO Solutions replaces software systems on six Stena Drilling rigs
UK-based tech firm SRO Solutions has replaced asset management software systems on six Stena Drilling offshore rigs. SRO Solutions said that it replaced the existing asset management system with IBM’s...
View ArticleTGS returns to Argentina to wrap up Malvinas seismic survey
TGS will return to Argentina, where it operates as NOPEC Geophysical, to complete the previously announced Malvinas 3D multi-client survey. The survey covers an area of 17,800 square kilometre....
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