Gulf of Mexico operator Talos Energy has clarified that its business will in no way be affected by President Trump's executive order extending moratorium on oil and gas operations in certain areas of the Gulf of Mexico and the Atlantic.The U…
Canadian oil and gas company Husky Energy said Wednesday it would put under 'a review' its West White Rose offshore oil project in Canada's Atlantic region, citing delays due to the suspension of all works on the project earlier this year due to the global pandemic…
Applied Acoustic Engineering (AAE) has announced the launch of a new ultra-short baseline subsea positioning system, Pyxis USBL.AAE says the system is ideal for very shallow operations such as diver monitoring, for deeper applications where ROV’s and AUV’s might be deployed…
Tullow Oil is exploring ways to fend off a potential cash crunch as the London-listed group reported a $1.3 billion loss after it was forced to write down $1.4 bln due to collapsing demand for oil.Tullow, with a market cap of $361 million as of Tuesday and $3 billion in debt…
UK-based tech company SRO Solutions has recently completed what it says is a 'major digitization project' for the Japanese FPSO provider MODEC in Ghana where the company has two FPSOs deployed.'The project, part of a series of high value digitization…
Turkey could save up to a whopping $21 billion in gas import costs with the development of it recently hit Tuna-1 gas discovery in the Black Sea, Norwegian energy intelligence firm Rystad Energy has estimated.As previously reported, Turkish…
Offshore wind turbine maker MHI Vestas has further expanded its list of local suppliers in Taiwan for delivery of components for turbines to be built for the country's growing offshore wind market.The wind turbine company said Wednesday it would…
U.S. oil and gas company ConocoPhillips has appointed Eric Mullins to serve as a board member.Mullins has spent his career in finance, most recently founding Lime Rock Resources in 2005, a private equity fund focused on acquiring and developing low-risk oil and gas properties…
Norwegian energy giant Equinor has entered into a consortium with Japanese power companies JERA and J-Power to jointly evaluate and work towards submitting a bid for offshore wind power projects in Akita Prefecture off Noshiro City, Mitane Town…
Oil and gas company Kosmos Energy said Wednesday it had agreed to sell some of its frontier exploration asset interests to Shell for up to $200 millionShell will acquire Kosmos’ interest in blocks offshore São Tomé & Príncipe, Suriname, Namibia…
Norwegian energy company Equinor has signed a three-well contract with offshore drilling contractor Noble Corp. for the use of the Noble Lloyd Noble jack-up drilling rig at the Valemon field, in the North Sea, offshore Norway. The drilling is slated to begin in the summer of 2021…
In today’s world, the power to connect, even in the most remote and challenging places, has never mattered more. Whatever your business or organisation, you need more than a communications supplier. You need a smart network solutions partner…
Top oilfield service firm Schlumberger NV expects to return to 2019 level pre-tax margins by the end of next year, a sign the oil industry faces a long-haul to recover from the latest oil-price crash.Chief Executive Olivier Le Peuch told an…
Baker Hughes is pivoting to customers preparing for the transition to a low-carbon future, bolstering its footprint beyond oil and gas oilfield services, its chief executive said on Tuesday.The company will continue to downsize its oilfield services and equipment portfolio…
U.S. President Donald Trump on Tuesday signed an order to extend a ban until 2032 on offshore oil drilling in the eastern Gulf of Mexico off Florida as he seeks to win support in the state ahead of the Nov. 3 election.The executive order, which…