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…
The Covid-19 pandemic has boosted demand for remote offshore rig and equipment inspection with Bureau Veritas, a testing, inspection, and certification services provider, which says the demand has soared 900%.'A number of remote inspection solutions…
Offshore drilling contractor Vantage Drilling on Tuesday posted a net loss of $30,6 million for the first quarter of 2020, an improvement on $47,9 million loss in 1Q 2019.Ihab Toma, the CEO, said: “Despite the challenges presented by COVID-19 and the resulting global economic crisis…
Oilfield services provider TechnipFMC has said its Deep Energy vessel has set a new world record for the stiffest pipe ever installed from a Reel-Lay vessel. In a social media post on Tuesday, TechnipFMC said the landmark was achieved while…
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…
BP said on Tuesday that oil output at its projects in Azerbaijan declined to 524,000 barrels per day (bpd) in the first quarter of 2020 from 571,000 bpd a year earlier.Associated gas output at the Azeri-Chirag-Guneshli (ACG) oilfields was 7…
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…
None of the big oil companies currently meet U.N. targets to limit global warming despite the most ambitious targets set by Royal Dutch Shell and Eni , investors managing $19 trillion said on Tuesday.The Transition Pathway Initiative (TPI),…
Oil and gas firm Kosmos Energy on Monday said that Neal D. Shah would become the company’s Senior Vice President and Chief Financial Officer effective May 11, 2020.The management change comes following Kosmos Energy's announcement back in February that Thomas P…
LOC has won a contract to provide Marine Warranty Services (MWS) to support transport and installation operations for the development of the Jieyang II windfarm. The Jieyang II windfarm will consists of 64 wind turbines, with an installed capacity of 350MW…
UK-based oilfield services company Petrofac has been awarded a three-year extension to a maintenance contract and a new four-year metering contract with the oil major BP.Petrofac said Tuesday that the metering services contract included on and offshore consulting and support services…