Oil & gas after 2020: Will the latest downturn lead to permanent transformation?
Following its third price collapse in 12 years, the oil and gas industry might be facing a period of transformation. The industry managed to recover from the previous two downturns and continue with...
View ArticleEquinor hires Noble rig for Valemon campaign
Noble Corporation has been awarded a contract by Equinor for drilling three wells at the Valemon field from the summer of 2021, using the Noble Lloyd Noble drilling rig. Equinor said on Tuesday that...
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Kosmos Energy farms down asset portfolio to Shell for up to $200M
U.S.-based oil and gas company Kosmos Energy has entered into an agreement with a subsidiary of Royal Dutch Shell to farm down interests in a portfolio of frontier exploration assets for up to $200...
View ArticlePetrojarl Banff FPSO reaches UK port ahead of recycling
UK’s Kishorn Port has welcomed the Petrojarl Banff FPSO for temporary mooring while its owner is looking for a suitable location for recycling. Kishorn Port announced the arrival of the FPSO in a...
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Trump bans oil drilling off Florida, Georgia, and South Carolina
U.S. President Donald Trump has signed an order to extend an offshore oil drilling ban in the eastern Gulf of Mexico off Florida until 2032 as he seeks to win support in the state ahead of the...
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Lime Rock CEO takes ConocoPhillips board seat
U.S.-based energy corporation ConocoPhillips has named a new member of the company’s board of directors. Eric Mullins; Source: Lime Rock ConocoPhillips said on Tuesday that it elected Eric Mullins to...
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Eni’s Woollybutt field ‘a threat to safety’ after piece of equipment emerges...
Australian offshore regulator NOPSEMA has started an investigation into an incident involving a piece of equipment on Eni’s Woollybutt offshore field, which emerged from the depths of 50 meters subsea...
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Tullow Oil picks ex-Anadarko man for director role
Oil and gas exploration company Tullow Oil has appointed a new independent non-executive director on the company’s board of directors. Mitch Ingram; Source: Anadarko Tullow Oil said on Wednesday that...
View ArticleNoble Corp. secures more rig work but day rates suffer
Offshore drilling contractor Noble Corp. has won more work for some of its drilling rigs but has also seen its day rates slashed. According to Noble Corporation’s latest fleet status report,...
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New director for DOF Subsea
Oslo-listed engineering and marine services player DOF Subsea has elected Marianne Møgster as its new director. Marianne Møgster, born in 1974, currently serves as senior vice president of Finance in...
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Rystad Energy: Giant Tuna-1 discovery could save Turkey $21 billion
If Turkey develops the giant Tuna-1 (Danube-1) gas discovery, it could potentially save the country up to $21 billion in import costs, Rystad Energy estimates. Rystad said on Wednesday that this would...
View ArticleBP ventures into offshore wind with Equinor partnership
British multinational oil and gas company BP is moving into offshore wind for the first time with a new strategic partnership with Equinor. BP has entered into an agreement with Equinor to buy 50 per...
View ArticleTidewater adds new member to its board
U.S. offshore support vessel operator Tidewater has appointed Darron M. Anderson to its board of directors, effective immediately. Announcing Anderson’s appointment earlier this week, Tidewater said...
View ArticleHusky Energy to review West White Rose project off Canada
Canadian oil and gas company Husky Energy will be reviewing its West White Rose offshore oil project in Canada’s Atlantic region. Husky Energy said on Wednesday that the review followed the suspension...
View ArticleItalian players team up to work on energy transition technologies
Italian oilfield services provider Saipem and energy infrastructure operator Snam have signed a Memorandum of Understanding to work together on new energy transition technologies, green hydrogen...
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MAN boost APLNG upstream assets
MAN Energy Solutions completed the installation and commissioning of the Talinga Orana gas gathering station (TOGGS). Courtesy of MAN Energy Solutions Operated by Origin Energy, the station adds...
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Elliott attempting to prevent Chevron’s takeover of Noble Energy
Paul Singer’s investment management firm Elliott Management will push for Noble Energy to abandon plans to sell itself to oil major Chevron, believing that the deal undervalues the oil and gas...
View ArticleEquinor suffers further delays on Martin Linge project as Covid-19 disrupts...
Norwegian energy giant Equinor has experienced a further delay in the development of its operated Martin Linge offshore field. Equinor’s Martin Linge field is currently under development. The platform...
View ArticleOffshore wind project costs decrease with bespoke vessels and lower oil & gas...
The rising number of purpose-built offshore wind vessels has a direct impact on the costs of offshore wind projects, as the sector is getting more room to use its own fleet instead of deploying vessels...
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PGS in Barents Sea wide-tow Penta Source project
PGS Norwegian seismic player PGS said it has begun a new project in the Barents Sea that uses the most advanced configuration ever towed by a seismic streamer vessel. Last weekend, PGS seismic vessel...
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