Cenovus Energy Inc plans to cut 20% to 25% of its workforce after it acquires Husky Energy Inc, the companies said on Tuesday, as Cenovus begins to slash costs in the Canadian oil patch's biggest merger in nearly four years.The job losses could total about 2…
Norwegian offshore vessel owner Eidesvik offshore has this week won contracts for two of its vessels, the Viking Princess and the Viking Neptun.On Wednesday, Eidesvik said it had secured a deal with the Norwegian oil firm Wintershall Dea Norge…
Exxon Mobil Corp on Wednesday kept its fourth-quarter dividend flat at 87 cents a share, signaling 2020 will be the first year since 1982 that the U.S. oil producer has not raised its shareholder payout.The largest U.S. oil producer by volume…
Equinor has said it has, with BP as a partner, made two oil discoveries offshore Newfoundland, Canada.'The two wells at the Cappahayden and Cambriol prospects, drilled this summer in the Flemish Pass Basin, have proven the presence of hydrocarbons…
Installed offshore wind capacity will surpass onshore wind in the UK by 2026, and the UK will meet its goal to double its renewable energy capacity by 2030 four years early.This is according to the Norwegian energy intelligence company Rystad Energy…
Norwegian oil and gas company Vår Energi said Wednesday it had entered into five-year framework agreements with twelve Norwegian service providers.The framework agreements include the provision of services both offshore and onshore, and, according to Vår Energi…
Italian energy services group Saipem expects no major delay to projects and predicted brisker business in the last part of the year after swinging to a loss in the third quarter.'We are not out of the woods yet ... (but) the picture starts to get brighter…
Brazilian national oil company Petrobras has agreed to buy the P-71 Floating Production Storage and Offloading (FPSO) vessel and use it for the development of the Itapu field.Petrobras said that the FPSO was to be used at the Tupi field, however…
Greensea, creator of OPENSEA, the open architecture robotics platform for the marine industry, has hired Andrew Keefer as Senior Robotics Engineer to advance navigation and autonomy technologies. He will be based in Greensea’s Plymouth, Mass…
Oil and gas company Wintershall Dea has started drilling the first of what will be six development wells at its Nova field in the Norwegian part of the North Sea.The Nova field, operated by Wintershall Dea which holds a 45% stake, will be developed…
German offshore helicopter transportation company HeliService has won offshore wind-related contracts with TenneT and Deutsche Windtechnik.In a social media post on Tuesday, HeliService said that it would as of November 2020 exclusively conduct all hoist flights for Tennet in the Dutch North Sea…
The number of workers on offshore oil and gas platforms decreased by around 4,000 as the UK went into lockdown in March this year, UK's offshore oil and gas industry body OGUK said Tuesday.Per OGUK's numbers, the average number of weekly personnel on board decreased from around 11…
Consultancy the Carbon Trust on Monday launched the fourth stage of its Offshore Wind Accelerator (OWA), a collaborative research, development, and deployment program.The joint initiative was established back in 2008, between the Carbon Trust…
Mexican Energy Minister Rocio Nahle said on Monday so called farmouts, or joint ventures, could be done with state oil firm Petroleos Mexicanos if feasible projects are put forward, marking a potential shift from her previous skepticism.Nahle…
BP swung back to a small profit in the third quarter but warned the pace of recovery from the pandemic remains uncertain and continued to weigh on fuel demand and refining profits.The London-based company said that while fuel demand in Asia…