Jersey now majority owner and operator of Verbier discovery
Jersey Oil & Gas (JOG) has completed the acquisition of an additional 70 per cent working interest in Licence P2170 (Blocks 20/5b and 21/1d) located in the UK North Sea from Norway’s Equinor. JOG,...
View ArticleWorley bags two frameworks with BP
Oil major BP and Worley have entered into two global framework agreements, one for conceptual engineering and the other for early engineering and front‐end engineering design (FEED) services. Both...
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Total renegotiates terms of non-core North Sea assets sale with NEO Energy
HitecVision and NEO Energy have renegotiated terms for the acquisition of a portfolio of operated and non-operated assets in the UK North Sea from French oil major Total. Assets in question; Source:...
View ArticleWintershall Dea books quarterly loss, cuts capex
Oil and gas company Wintershall Dea has decided to reduce its capital expenditures for 2020 by 30 per cent after booking a loss in the first quarter of the year amid low oil price environment. The...
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ConocoPhillips CFO to retire after 39-year career
Oil major ConocoPhillips has said that Don E. Wallette, Jr. will be retiring as executive vice president and a chief financial officer after a 39-year career with the company. Don E. Wallette, Jr.;...
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Malaysian contractor snaps up two offshore deals
Two subsidiaries of Malaysia’s engineering services company T7 Global have been awarded contracts from Hess and PTS Resources. Illustration; Author: SP Mac – shared with permission from the...
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After three-month slump Norwegian oil output above expected in April
Norwegian oil production during April 2020 was above predictions made by the Norwegian Petroleum Directorate (NPD) after a three-month stint of falling short of expectations. According to the...
View ArticleOceaneering lands asset integrity job in Middle East
Oceaneering has been awarded a considerable asset integrity contract from a major operator based in Dubai, UAE. The award includes the provision of general and advanced non-destructive testing (NDT)...
View ArticleNew CEO to join Noreco in July
Oil and gas company Noreco has appointed David B. Cook as the new Chief Executive Officer with effect from 1 July 2020. Announcing his appointment on Wednesday, Noreco said that Cook is an experienced...
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Empyrean confident in ‘world-class carbonate reservoir’ in block off China
Block 29/11, Pearl River Basin, Offshore China; Source: Empyrean Results from a seismic inversion analysis for Empyrean’s Jade and Topaz prospects, located in Block 29/11 in the Pearl River Mouth...
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Report: Total secures $14.4 billion Mozambique LNG financing
French energy company and LNG player Total has reportedly secured $14.4 billion funding for its liquefied natural gas export project in Mozambique. Image courtesy of Total The financing deal includes...
View ArticleBorr Drilling working to secure liquidity runway until 2022
Borr Drilling, an offshore drilling contractor, is working to secure a liquidity runway until 2022 even in an unlikely low scenario without any further contracts. In an update on Wednesday, Borr...
View ArticlePolarcus wraps up Petrel seismic survey for Neptune Energy
Polarcus has completed acquisition of the 3D broadband seismic survey for Neptune Energy on the Petrel field, located in the Bonaparte basin of Australia. The 2,900 km2 survey expanded the area of...
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Hyundai Heavy secures deal to build two scrubber-fitted VLCCs
South Korean shipbuilding giant Hyundai Heavy Industries (HHI) Group has received an order for the construction of two 300,000-ton very large crude carriers (VLCCs). Image Courtesy: Hyundai Heavy...
View ArticleHalliburton cuts dividend due to market conditions
Oilfield services provider Halliburton has decided to cut its dividend amid uncertainties related to the duration of the market downturn. Halliburton said on Wednesday that its board of directors had...
View ArticleEnergean set to lay Karish offshore pipeline
Energean has completed near-shore operations for the Karish gas pipeline and is now ready for offshore installation. Energean said in a social media update on Thursday that the near-shore operations...
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Royalty exemptions could save the day for U.S. oil and gas operators, Rystad...
The Covid-19 pandemic and the price crisis it has brought upon the oil and gas sector have hit the profitability of exploration and production (E&P) companies hard, energy intelligence firm Rystad...
View ArticleFirst steel cut for ARO Drilling’s new jack-up rig
International Maritime Industries (IMI) has cut the first steel on the first of two newbuild rig orders from ARO Drilling. IMI announced earlier this week that the first piece of steel had been cut on...
View ArticleNoble Corp. CEO transitions to executive chairman role
CEO of Noble Corporation has transitioned to the role of executive chairman of the board while a new CEO has been named. Noble Corporation said on Thursday that it had executed the leadership...
View ArticleCNOOC brings online new project offshore China
CNOOC Limited has started production from the Penglai 19-3 oilfield area 4 adjustment/Penglai 19-9 oilfield phase II project located offshore China. The Penglai 19-3/19-9 oilfields are located in...
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