Indonesia's upstream oil and gas regulator SKK Migas has cut its full-year production outlook for the country, its chairman Dwi Soetjipto told reporters on Thursday, after reporting a drop in oil and gas output in the first quarter.The coronavirus…
Norwegian seismic company TGS has started a 3D seismic survey offshore The Gambia.The acquisition is being carried out together with the seismic vessel contractor BGP, using the BGP Prospector vessel. 'This vessel steamed south after recently completing another 3D seismic survey in northern Senegal…
Royal Dutch Shell Plc resumed production at its 100,000-barrel-per-day Perdido deepwater hub in the U.S. Gulf of Mexico on Tuesday, ending a days-long halt caused by an onshore pipeline leak.Perdido production would return to its usual capacity by late Wednesday…
Italian oilfield services company Saipem has shared a video of one of its offshore drilling rigs passing the Bosphorus Strait in Turkey, earlier this week.The Scarabeo 9, Saipem's semi-submersible drilling rig, on Monday crossed the Bosporus Strait for the fourth time in its history…
ConocoPhillips said on Thursday it would slash planned spending 35%, cut production by about 225,000 barrels of oil per day {bpd) and suspend its share repurchase program to weather the collapse in oil prices.Oil and gas producers have sunk…
OPEC on Thursday again slashed its forecast for global oil demand this year due to the coronavirus outbreak and said the reduction may not be the last.The Organization of the Petroleum Exporting Countries now expects global demand to contract by 6…
Fred. Olsen Windcarrier has signed a contract with the Danish firm Geo to supply an offshore liftboat for the preliminary geotechnical investigations for the Thor offshore wind project in the Danish North Sea. Fred. Olsen Windcarrier's liftboat…
Offshore vessel provider Telford Offshore's offshore accommodation and hook-up unit Telford 28 was attacked earlier this week while anchored in Mexico. One crew member was injured.In an email sent to Offshore Engineer, Telford Offshore said…
Depro AS and VideoRay LLC announced a new partnership to develop and field lighter and less expensive equipment for underwater operations, primarily in the oil and gas sector.Depro AS is an engineering, procurement, construction (EPC) supplier…
Neodrill, Norway-based pre-rig well construction technology specialist, has appointed Geoff Proud as Business Development Manager for its Conductor Anchor Node (CAN) integrator solution in the UK. Proud, who has 30 years of experience in the oil and gas sector…
Yinson has completed an $800 million refinancing exercise for FPSO John Agyekum Kufuor, with the loan drawn down on April 14.The FPSO firm had announced the refinancing deal for the FPSO located in Ghana back in November 2019. The company at…
Italian oil and gas contractor Saipem said on Wednesday it had pulled its outlook for the year due to growing uncertainty created by the COVID-19 emergency.In a statement, the company said its board had acknowledged the pandemic might trigger a sharp fall in demand and a delay in projects…
Australia's Woodside Petroleum Ltd said on Thursday that its sales slumped more than 20% in the first quarter, as the coronavirus pandemic and draconian measures to curb the outbreak crippled fuel demand globally.Oil and gas producers have been…
Royal Dutch Shell on Thursday deepened its ambition to battle climate change, setting the oil and gas sector's broadest plan to reduce greenhouse gas emissions to net-zero by 2050.The new climate goals put the Anglo-Dutch company - at least on paper - ahead of the most progressive of its rivals…
Norwegian energy giant Equinor has awarded IKM Testing a long-term contract for work at Johan Castberg FPSO destined for deployment in the Barents Sea, offshore Norway.The scope of work for IKM Testing covers N2/He Leakage testing & PSV calibration and supplementary work related to testing such as…