Corallian Energy, with its partners Upland Resources and Baron Oil, has signed a work-sharing agreement with a 'large European E&P company' that might lead to a farm-out of a stake in the offshore license P2478 in the Inner Moray Firth, Scotland…
Austrian energy group OMV posted a net loss for the first quarter due to significant inventory costs and lowered its production target and crude price forecasts in response to tumbling oil demand in the wake of the coronavirus pandemic.OMV said…
From Kazakhstan and Azerbaijan to Nigeria and Angola, oil majors are haggling with national governments over how to share out deep production cuts that add to their pain from low oil prices and depressed fuel sales because of the coronavirus pandemic…
Oilfield services company Archer has completed the refinancing of the company, and said new financing agreement provided 'robust financial foundation.'The Oslo-listed company has come out with available liquidity of more than $90 million and without major debt maturities until late 2023…
Offshore helicopter company NHV has opened a new base in Arnemuiden, Midden-Zeeland, The Netherlands, to support its offshore windfarm activities in the region.NHV will support this project utilizing the H145 aircraft, an Airbus Helicopter 4-tonne-class twin-engine rotorcraft…
All the grand blocks for the Cable Laying Vessel (CLV) ‘Nexans Aurora’ have now been assembled at the hull yard, CRIST, Norway's Ulstein has informed. 'Work tasks such as some steelwork, outfitting, and paintwork now need to be carried out before the hull can be towed to Ulstein Verft…
Oil and gas company Neptune Energy has started a drilling campaign on the Fenja field offshore Norway, with the spud of the first well carried out by the West Phoenix drilling rig.Fenja is Neptune’s first operated development project on the Norwegian Shelf and is estimated to contain 97 million boe…
The Coastal Virginia Offshore Wind (CVOW) project remains on schedule to become an economic driver in Hampton Roads. The project team and vessel crews have implemented processes to navigate the impact of the worldwide coronavirus pandemic, Dominion Energy said Monday…
FPSO leasing company BW Offshore has secured a short-term contract extension with Petrobras for the floating production storage and offloading unit BW Cidade de Sao Vicente.'BW Offshore has received a notice from Petrobras that they exercise…
Inpex sold a liquefied natural gas (LNG) cargo from Australia's Ichthys plant for loading in May at what traders say is a record low price.Inpex had offered two cargoes for loading in May and has sold at least one of them at about $1.70 to $1…
Dutch offshore survey company Fugro is expanding in Taiwan's emerging offshore wind space with the formation of Fugro IOVTEC, a joint venture company with local player IOVTEC.'Fugro has been actively supporting the renewables market in Taiwan…
BP's first-quarter profits tumbled by two-thirds as the coronavirus crisis hammered oil demand and the energy major's debt rose sharply as it warned of exceptional uncertainty ahead.London-based BP said it expected significantly lower refining…
Bankrupt Diamond Offshore Drilling Inc has sued Australian oil and gas producer Beach Energy Ltd for abruptly terminating a $65 million drilling contract.Beach Energy ended the agreement, claiming Diamond Offshore missed a 'contractual milestone to deliver the rig'…
Offshore Northern Seas (ONS) exhibition and conference that was supposed to be held in Stavanger, Norway between August 31 September 3, 2020, has been canceled.The organizers of one of the largest gatherings for the international energy community…
Angolan state oil company Sonangol said on Friday it has opened a public tender to sell its stakes in some private firms as part of a government bid to privatize key state assets including parts of Sonangol itself by 2022.Describing Sonangol as an 'octopus…