A Chinese government survey ship is tagging an exploration vessel operated by Malaysia's state oil company Petronas in disputed waters in the South China Sea, three regional security sources said on Friday.China's Haiyang Dizhi 8 entered waters near Malaysia on Thursday…
Egypt-based oil and gas company Burullus has sent an early termination notice for a drillship contract to offshore drilling contractor Transocean.In its fleet status report issued Thursday, Transocean said it had received the early termination…
Australian offshore vessel owner traditionally providing vessels in support of the Australian oil and gas industry has secured a contract in the offshore wind space in Taiwan.The company, MMA Offshore, said Friday it had won a contract with…
Norwegian seismic data firm TGS has been cleared of charges for tax fraud laid by the country's prosecutors in relation to the company's seismic data deal in 2009.Back in October 2018, Oslo district court ruled TGS was guilty for aiding and abetting violations of the Tax Assessment Act…
Norwegian shipbuilder Vard has said it has won a contract to design and build a Service Operation Vessel (SOV) for Ta San Shang Marine.The news comes a day after Orsted confirmed it would charter a newbuild SOV from Ta San Shang - a JV between MOL and TTM - on a 15-year deal…
The article was updated on April 27, 2020, with a statement by EnQuest which explained that the contract for the Safe Zephyrus had been terminated due to COVID-19-related safety concerns and not due to the low oil price.Offshore accommodation…
U.S. oil giant Chevron has sold its stake in the BP-operated offshore oil fields in the Caspian Sea in Azerbaijan to Hungary's MOL for $1,57 billion.More specifically, Chevron sold its non-operating interests in the Azeri-Chirag-Deepwater Gunashli…
Indonesia's upstream oil and gas regulator SKK Migas has cut its full-year production outlook for the country, its chairman Dwi Soetjipto told reporters on Thursday, after reporting a drop in oil and gas output in the first quarter.The coronavirus…
Royal Dutch Shell Plc resumed production at its 100,000-barrel-per-day Perdido deepwater hub in the U.S. Gulf of Mexico on Tuesday, ending a days-long halt caused by an onshore pipeline leak.Perdido production would return to its usual capacity by late Wednesday…
Italian oilfield services company Saipem has shared a video of one of its offshore drilling rigs passing the Bosphorus Strait in Turkey, earlier this week.The Scarabeo 9, Saipem's semi-submersible drilling rig, on Monday crossed the Bosporus Strait for the fourth time in its history…
ConocoPhillips said on Thursday it would slash planned spending 35%, cut production by about 225,000 barrels of oil per day {bpd) and suspend its share repurchase program to weather the collapse in oil prices.Oil and gas producers have sunk…
OPEC on Thursday again slashed its forecast for global oil demand this year due to the coronavirus outbreak and said the reduction may not be the last.The Organization of the Petroleum Exporting Countries now expects global demand to contract by 6…
Fred. Olsen Windcarrier has signed a contract with the Danish firm Geo to supply an offshore liftboat for the preliminary geotechnical investigations for the Thor offshore wind project in the Danish North Sea. Fred. Olsen Windcarrier's liftboat…
Neodrill, Norway-based pre-rig well construction technology specialist, has appointed Geoff Proud as Business Development Manager for its Conductor Anchor Node (CAN) integrator solution in the UK. Proud, who has 30 years of experience in the oil and gas sector…
Yinson has completed an $800 million refinancing exercise for FPSO John Agyekum Kufuor, with the loan drawn down on April 14.The FPSO firm had announced the refinancing deal for the FPSO located in Ghana back in November 2019. The company at…
Subscribe
