Canadian oil and gas company has cut its CAPEX and production guidance for 2020 amid the volatile oil market environment. The cuts will be made in its upstream business with projects put on hold in China, Indonesia, and Canada.The company has slashed its 2020 capital program reduced by $900 million…
Offshore services provider Helix Energy Solutions has amended its existing credit agreement dated as of September 26, 2014, with Nordea Bank ABP and the lender parties related its Q5000 well intervention unit. The amendment extends the final…
U.S. cleantech incubator Greentown Labs, and offshore wind developer Vineyard Wind have started accepting applications for their Offshore Wind Challenge. Greentown Labs and Vineyard Wind are seeking submissions from startups that are innovating in marine mammal monitoring…
Tullow Oil said on Thursday the oil price fall may jeopardize a planned $1 billion in asset sales needed to refill its coffers, raising the risk the group's lenders may become reluctant to approve loans essential to shoring up its future. The…
Norway's offshore oil and gas safety watchdog Petroleum Safety Authority has said „is prioritizing the maintenance of its supervisory activities as far as possible given the spread of the coronavirus.“PSA Norway, whose main job is to monitor…
U.S. oil and gas company Murphy Oil has slashed capital spending plans by $500 million citing 'current market conditions and recent commodity price volatility.' The company plans to preserve dividend payments.Murphy’s revised 2020 budget is approximately $950 million…
Mubadala Petroleum has increased its ownership share in the G1/48 block containing the Manora oil field in the Gulf of Thailand.The company has, via its subsidiary MP G1, taken a 10 percent interest in the offshore block from Northern Gulf Petroleum…
Equinor reported the oil industry's first coronavirus infection on an offshore installation on Wednesday, highlighting the challenge in preventing contamination for thousands of workers living in the close quarters on rigs and platforms.A worker…
Guyana has extended the initial deadline in its search for an agent to market its share of oil produced by an Exxon Mobil-led consortium to March 24, the Department of Energy said on Wednesday.Guyana has no domestic refining capacity or national…
Australia's oil and gas company Santos will sell a 25% interest in Darwin LNG and Bayu Undan gas condensate offshore field to SK E&S for US$390 million with effect from October 1, 2019 with customary adjustments on completion.Santos also said…
The EFTA Surveillance Authority (ESA) has approved Norway’s state aid to the 88MW Hywind Tampen floating offshore wind project in the Norwegian North Sea.'Norway's initiative to reduce CO2 emissions by building a floating offshore wind farm consisting of 11 wind turbines…
Offshore vessel owner DOF has won contracts and extensions for three of its offshore support vessels.First, DOF said Monday it had won an extension for the Skandi Barra platform supply vessel by the undisclosed client for approximately four months…
Norwegian offshore vessel owner Island Offshore has secured long-term contracts and extensions for six of its platform supply vessels.First, the company said Wednesday it had won long term contracts with oil company Lundin Petroleum for the…
Norway's oil and gas industry regulator has introduced restrictions with regard to the presence in its offices for persons who have been in areas with the prolonged spread of coronavirus.'If you have been in these areas during the last 14 days…
AllSurplus, an online auction marketplace owned by Liquidity Services, is currently marketing two offshore production units from Petronas in a private treaty sale.The company said Tuesday that the two assets are 30,000 BFPD Self-Elevating Mobile…