Record losses result in BP’s first dividend cut since Deepwater Horizon
UK oil major BP has cut its dividend for the first time since the Deepwater Horizon disaster after record losses in the second quarter of 2020. BP said on Tuesday that the reported loss for the...
View ArticleBP to cut fossil fuels output by 40 per cent by 2030
Following record losses in the second quarter of 2020 and the first dividend cut in a decade, BP revealed parts of its new strategy that would reshape the company from an international oil company to...
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Havila Shipping scores extensions for PSV duo with Total
The Danish entity of French oil major Total has extended the contracts for Havila Shipping’s two platform supply vessels (PSVs). Havila Shipping said on Wednesday that the vessels in questions were...
View ArticleFieldwood Energy files for Chapter 11
U.S.-based Fieldwood Energy has filed for Chapter 11 bankruptcy as part of its efforts to restructure the company. Fieldwood said on Tuesday that it filed a voluntary petition for relief under Chapter...
View ArticleRemazel Engineering pens Jotun FPSO upgrade deal
Italian engineering firm Remazel Engineering has won a deal from Bluewater for work on the Jotun FPSO upgrade project. Remazel Engineering said on Wednesday that it would supply the complete mooring...
View ArticleSpirit Energy bites dust near Ivar Aasen field
Oil and gas company Spirit Energy has hit a duster near the Ivar Aasen field in the central part of the North Sea. The Norwegian Petroleum Directorate (NPD) said on Wednesday that Spirit Energy was in...
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NOPSEMA approves Shell’s Crux gas field OPP
The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has accepted Shell’s plans for the Crux gas field offshore Western Australia. Courtesy of Shell Consisting of a...
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Delek offers $2.25B in bonds to finance Leviathan development
Israel’s Delek Drilling has revealed it would issue bonds in an aggregate amount of $2.25 billion to finance the Leviathan development. Leviathan platform; Image source: Noble Energy Delek Drilling...
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Somalia to announce winners of first licensing round in early 2021
Somalia will reportedly announce the winners of its first oil and gas licensing round in early 2021 and use its proceeds to rebuild the country’s economy. To remind, Somalia is offering seven...
View ArticleOffshore rigs could be ‘stepping stones’ for non-native species
Scientists from around the UK, led by the Heriot-Watt’s International Centre for Island Technology, are investigating marine life connected to the rigs, pipelines and other infrastructure in the North...
View ArticleTrump inks law to fund infrastructure maintenance with offshore oil and gas...
U.S. President Donald Trump has signed into law a bipartisan bill which would use royalties from offshore oil and gas drilling operations to fund maintenance of public lands, national parks and Native...
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Inpex hit by $1.3 bln Australian LNG assets impairment
Japan’s oil and gas giant Inpex has flagged a 139.7 billion yen ($1.33 billion) impairment loss on its Australian LNG assets. Courtesy of Inpex Australia Inpex noted that the majority of its writedown...
View ArticleRoyal IHC to provide mooring and equipment for Anna Nery FPSO
Malaysian FPSO provider Yinson has awarded Royal IHC a contract for the supply of a tandem mooring and offloading system and a riser pull-in system for the Anna Nery FPSO. Royal IHC said that the...
View ArticleAker Offshore Wind sets sights on deep-water projects
Aker Solutions’ offshore wind spin-off, Aker Offshore Wind, will initially focus on deep-water fixed-bottom and floating wind projects in four different markets: South Korea, the USA, Scotland, and...
View ArticlePetrobras reaches record Buzios output in July
Brazilian oil major Petrobras has broken a monthly oil production record on its Buzios deepwater field offshore Brazil. Petrobras said on Wednesday that its four FPSOs installed on the field – P-74,...
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OGA: Offshore energy industry can aid UK in reaching net-zero
The integration of offshore energy systems, including oil and gas, renewables, hydrogen, and carbon capture and storage, could deliver around 30 per cent of the UK’s total carbon reduction...
View ArticleDeep Panuke offshore platform de-installed
In its half-year earnings report, Dutch FPSO operator SBM Offshore stated that the Deep Panuke mobile offshore production platform (MOPU) has been de-installed from its namesake gas field offshore...
View ArticleTGS submits offer to buy PGS multi-client data library
TGS-NOPEC Geophysical Company has submitted a conditional offer for the purchase of the multi-client data library of PGS. Under the offer, PGS would, upon consummation of the sale, receive a cash...
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New CEO for Axxis Geo Solutions
Ocean bottom node seismic player Axxis Geo Solutions (AGS) said on Friday it has appointed Ronny Bøhn as its new CEO. Bøhn, who takes over from Lee Parker, has more than 20 years of experience from...
View ArticleExxonMobil hires Noble Corp. drillship for Guyana drilling
Offshore drilling contractor Noble Corp. has won a six-month deal for the Noble Sam Croft drillship with ExxonMobil in Guyana. Noble said in its second-quarter results presentation on Thursday that...
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