Norwegian oil company Equinor has said its Johan Sverdrup field will reach plateau production faster than previously expected. The company also said that the North Sea field's plateau target will increase.The giant oil field's first phase is now expected to reach plateau production in early May…
Equinor will leave industry lobby group the Independent Petroleum Association of America (IPAA) over a disagreement about climate policy, the energy producer said on Friday.The Norwegian company is undertaking a review of its memberships of…
Offshore seismic data acquisition company Magseis Fairfield has secured a deepwater Ocean Bottom Node project offshore Mexico.According to Oslo-listed Magseis Fairfield, work is scheduled to start in the third quarter of 2020 and will take approximately 60 days…
Australia will need to import liquefied natural gas (LNG) by 2024 for its southern states to avoid shortfalls unless more gas fields are developed locally and pipelines are expanded, the country's energy market operator said on Friday.Despite…
Singaporean offshore services provider Kim Heng Marine & Oilfield Pte has entered into a joint venture with a Taiwanese company to create Bridgewater Marine (Taiwan) Limited.Kim Heng Offshore & Marine, a parent company of Kim Heng Marine & Oilfield…
Danish wind turbine maker Vestas has won an order to deliver V150-4.2 MW wind turbines to be installed in Vietnam's Mekong Delta and has also secured a 20-year service contract - the longest such contract in Vietnam for a wind turbine manufacturer…
Teekay Corporation has secured a ten-year contract for its 1996-built Petrojarl Foinaven FPSO with Britoil Limited, a BP subsidiary, at the Foinaven field west of the Shetland Islands in the UK.Under the terms of the contract, Teekay is expected…
Valaris, the world's largest offshore drilling company by fleet size, is set to lose one of the most lucrative contracts in the offshore drilling industry today after it recently accidentally dropped a blowout preventer stack to seabed offshore Angola…
Oil and gas firm Hurricane Energy has confirmed that a crew member on the Aoka Mizu FPSO off the UK has tested positive for COVID-19.Hurricane said Friday that the worker 'has been evacuated to the mainland for medical reasons and subsequently tested positive for COVID-19…
Italian energy group Eni will cut its capital spending by a quarter this year, and more next, as it moves to mitigate the impact from falling commodity prices because of the coronavirus emergency.In a statement on Wednesday, the state-controlled…
Norwegian offshore survey company has announced severe cost-cutting measures that will lead to termination of most employees and consultants and cold stacking of vessels.EMGS recently lost what was expected to be a long-term contract with Pemex in Mexico…
Norway's Equinor has restarted work at its Martin Linge development in the North Sea following a haltafter an offshore worker tested positive for coronavirus, the company said on Thursday.'We are gradually stepping up activities again. We have cleaned and disinfected facilities…
Woodside Petroleum halved its forecast spending for 2020 and deferred go-ahead decisions for its two biggest gas projects to ride out the pain of the coronavirus pandemic and plunging oil prices.Australia's top independent gas producer said…
ConocoPhillips Australia is nearing completion of the previously proposed acquisition of majority interest in the offshore Tasmanian Permit T/49P from 3D Oil.First announced in December 2019, the deal entailed ConocoPhillips acquiring a 75 percent stake…
Brazilian oil company Petrobras on Thursday said it was dialing back short-term production, delaying a dividend payment and trimming its 2020 investment plan, among other measures aimed at reducing costs in the face of the coronavirus pandemic…
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