Oil and gas company Lundin Norway has chartered the Siem Simphony platform supply vessel from Siem Offshore.The dual-fuelled platform supplier 'Siem Symphony' will support Lundin Norway's 10-well drilling campaign on the NorwegianContinental Shelf…
Oil prices were set for their biggest weekly slide since the 2008 financial crisis despite a 7% bounce on Friday, as the coronavirus outbreak threatened demand and crude producers promised more supply.Brent crude was up $2.50, or 7.3% on the day…
Step Change in Safety, a UK-based organization promoting safety in the offshore oil and gas industry, has canceled and delayed six events scheduled to happen between mid-March and late-May on coronavirus impact precaution.'At Step Change in Safety…
LNG technology company Air Products has won a contract to deliver heat exchangers for the Total-operated LNG development in Mozambique.The Mozambique LNG project, previously operated by Anadarko, will be Mozambique’s first onshore LNG development…
Malaysia’s Sapura Energy has completed the installation of a satellite platform topside offshore Mexico, as part of Hokchi Energy's Hokchi field development.In a post on social media on Friday, Sapura Energy said it successfully lifted and set down the Hokchi Satellite Platform topside…
Austrian oil and gas group OMV is again postponing an investment decision on its Black Sea exploration project and is now aiming for a decision next year at the earliest, its chief executive said on Friday.The exploration of the Black Sea Neptun…
Domestic and international lenders are vying for a slice of Japan’s nascent offshore wind power sector, which is expected to provide as much as ¥3trn (US$29bn) in project financing opportunities, albeit at very low margins. Akita Offshore Wind…
UK oil and gas operator Repsol Sinopec has filed a draft decommissioning plan for subsea infrastructure at Buchan & Hannay fields in the North Sea.The Buchan Alpha Floating Production Unit (FPU) ‘off station’ activities were completed in August 2017 with the sailaway of the platform…
UK oil producer Premier Oil on Friday said it had identified at least $100 million in potential savings on its 2020 capital spending plans as it and other rivals scramble to adjust to the plunge in global crude prices.Oil prices were set for their worst weekly drop since the 2008 financial crisis…
Norwegian oil and gas firm Equinor said on Thursday it was reducing activity on the Norwegian continental shelf (NCS) to contain the coronavirus spread, but said output was not affected.'We are cutting non-critical activity, but production goes as normal…
Spanish oil and gas company Repsol has confirmed that an employee at the company’s commercial delegation in Andalucia has been diagnosed with coronavirus (COVID-19).'The employee began to display symptoms over the weekend and did not go to work on Monday…
Bahamas Petroleum has delayed its plans to drill an exploration well offshore The Bahamas, citing the impact of the coronavirus on operations.Previously planned to spud in April 2020, the #Preseverance 1 exploration well is now anticipated to be spud in late May or early June…
Britain's oil and gas sector association OGUK on Thursday banned people from traveling to offshore installations such as platforms if they have traveled to certain countries affected by the coronavirus in the previous 14 days.The ban comes after…
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…
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…