Oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet supply cuts and signs of demand, hit by the coronavirus crisis, recovering.Iraq and Kazakhstan, during a meeting of an OPEC+ panel on Thursday…
Shelf Drilling has seen another offshore rig contract terminated, this time for a jack-up rig for which it had secured a one-year contract extension in March.Namely, the Dubai-based jack-up drilling contractor in March said it had won a contract extension for the Trident 16 jack-up rig…
Australian oil and gas firm Triangle Energy has shut production from two wells ell at the Cliff Head offshore field, one due to a pump failure, the other as a precautionary measure.'Production from CH6 [well] was shut-in on the afternoon of…
Iberdrola, through its French subsidiary Ailes Marines, has awarded the Navantia-Windar UTE consortium a contract to build 62 jackets for the or the Saint-Brieuc offshore wind farm which the energy company is developing off the coast of Brittany…
Energy companies can apply to explore for oil and gas in 36 new exploration blocks off Norway, the country's oil and energy ministry said on Friday.Western Europe's largest oil producer conducts regular licensing rounds to stimulate offshore oil exploration…
Malaysia's Petronas said it has deferred maintenance activities at the Kebabangan gas field in Sabah, which had been originally slated for April.Malaysia implemented lockdown measures in March to curb the spread of the coronavirus.'Maintenance…
The hydrographic survey vessel Geo Ranger has this week successfully passed sea trials on the river Ems, the Dutch Shipbuilder Royal Niestern Sander said Thursday.'In presence of the client Geo Plus, surveyors of Bureau Veritas and various commissioning engineers of Kongsberg and Alewijnse…
Sasol Ltd plans to cut jobs and end West African oil operations as part of a business revamp, the petrochemicals producer said on Thursday, and has also agreed a deal with lenders to relax borrowing rules.Sasol has been reviewing its business as it grapples with high debt levels…
Dutch offshore services company Fugro has won a 3-year inspection, repair and maintenance (IRM) contract with Seamec in India.Under the contract, Fugro will support Seamec's asset management project for oil company ONGC off the west coast of India…
Trillion Energy, a Canadian oil company focused on the Black Sea region, is working to boost production from its SASB gas fields in the Black Sea, offshore Turkey.The South Akcakoca Gas-Basin “SASB” gas fields first started production between 2007 and 2011 and have produced a total of 41…
The article has been updated to include a statement by the Heerema Marine Contractors' spokesperson.Heerema Marine Contractors' heavy lift vessel Aegir has earlier this week experienced a drop fall incident off the coast of Taiwan where it is working on an offshore wind project…
Norway is not planning to deepen its oil output cuts after a decision by the OPEC+ group to prolong its own production cut, the Nordic country's energy minister said on Thursday.Norway, which is not part of the OPEC+ group, has said it would cut its oil production by 250…
UBS raised its forecasts on Thursday for the price of Brent crude this year, citing expectations of an undersupplied oil market as demand starts to pick up on the back of a recovering global economy.'Supply is being curbed by OPEC+ voluntary…
Eni CEO Claudio Descalzi wants to turn the 67-year-old Italian oil and gas firm into a greener business, focusing on clean low-carbon products to build a huge customer base which he believes can steady the ship and attract investors more than ever…
Offshore marine services provider PACC Offshore Services Holdings' (POSH) accommodation vessel has been designated by the Maritime and Port Authority of Singapore (“MPA”) to support crew changes for cargo ships calling in Singapore.To date, MPA has approved about 6…
Subscribe
