Premier Oil is asking BP to cut the sale price of two North Sea oilfields in a proposed $625 million deal due to weak oil prices, Chief Executive Tony Durrant said on Wednesday.The company is also talking to shareholders, creditors and brokers…
Petrobras has delayed the submission of binding offers for an oilfield cluster known as Polo Garoupa for the fourth time, two sources with knowledge of the matter told Reuters, as investor appetite in Brazil's offshore oil sector rapidly dries up…
Lundin Energy has obtained a drilling permit for an offshore exploration well in the Barents Sea, off the Norwegian coast.The Norwegian Petroleum Directorate said Tuesday that it had granted Lundin Energy Norway permission to drill the well formally named 7219/11-1…
Inpex Corp, Japan's top oil and gas company, on Tuesday cut its annual net profit forecast by 93% after first-quarter earnings slumped due to an oil price collapse and as the coronavirus pandemic choked off international energy demand.The group…
An oil exploration vessel contracted by Malaysian state energy company Petronas that was involved in a standoff with a Chinese survey vessel in the South China Sea left the disputed waters on Tuesday, three security sources and the vessel operator said…
Brazilian oil firm Petrobras has said it has made oil discoveries in the pre-salt areas of the Santos and Campos Basins offshore Brazil.Petrobras said Monday it had discovered oil of excellent quality in the southeast area of the Búzios field in the Santos Basin pre-salt…
The German government, coastal states, and maritime authority BSH have agreed an offshore wind industry deal raising the new expansion target to 20 gigawatts (GW) by 2030 from currently 15 GW, the economy ministry said in a statement on Tuesday…
The Norwegian government has cut its oil price assumption for 2020 to 331 Norwegian crowns ($32.17) per barrel from 476 crowns last October, a revised budget showed on Tuesday.Norway is Western Europe's largest oil and gas producer, with petroleum…
Norwegian marine seismic acquisition company PGS has begun a new multi-azimuth marine seismic survey in the North Sea, offshore Norway. The industry-funded survey- conducted by seismic vessel Ramform Vanguard - extends the GeoStreamer X area within the Viking Graben by 1160 sq…
Engineering and project management firm Penspen has won an engineering services contract by Target Engineering Construction Co LLC for slug catcher replacement support on a project on Zirku Island in UAE.The Penspen contract is for work on the island’s Satah slug catcher replacement project…
Saudi Arabia will voluntarily deepen oil output cuts from June as low oil prices are causing huge pain to the kingdom's budget and global demand remains weak due to lockdowns to contain the coronavirus pandemic.The announcement by the kingdom…
Germany's United Wind Logistics has taken delivery the MV BoldWind deck carrier which will be used to transport turbines for offshore wind farms.MV BoldWind, delivered by Jiangsu Zhenjiang shipyard in China, will start her maiden voyage towards Europe…
Norwegian offshore EPC contractor Aragon has won a contract to deliver topside modules for Malaysia-based Yinson's Anna Nery FPSO that will produce oil from Petrobras' Marlim field in Brazil.The Bergen-based company, part of Singapore's SembMarine…
Macquarie's Green Investment Group (GIG) and Scottish offshore wind developer Renewable Infrastructure Development Group have partnered to compete in the next round of leasing for offshore wind development in Scotland, they said on Monday.ScotWind…
Norwegian oil firm Equinor has been given a drilling permit to drill the well 30/2-5 S in the North Sea, offshore Norway.Under the drilling permit granted by the Norwegian Petroleum Directorate, Equinor will drill the well 30/2-5 S in Production…