Marine seismic survey company Polarcus has said it has won a 3D seismic data acquisition project offshore West Africa.The Oslo-listed company said that under the letter of award, awarded to it by an unnamed client, the survey will take two months to complete…
Top global oil traders Vitol, Trafigura and Gunvor said on Thursday they saw slow oil demand recovery because of a second coronavirus wave with oil prices rising to or above $50 per barrel only by October next year.Benchmark Brent crude futures traded down 1…
Oilfield services firm Weatherford has said it has helped an unnamed U.S. Gulf of Mexico operator achieve 'an industry first.'Weatherford said that its Shallow Angle QuickCut System successfully achieved the industry’s first 12 ¼-in. casing sidetrack…
Royal Dutch Shell said on Thursday its Prelude floating liquefied natural gas (FLNG) project off Australia, off line since early February, is working on restarting operations but would not resume full production this year. The troubled Prelude…
Energy data and intelligence company Westwood Global Energy Group (Westwood) has appointed David Linden to the newly-created role of Head of Energy Transition. Based in London, Linden joins from Wood Mackenzie, where he was a Director within the company’s energy transition consulting division…
Since the outbreak of the coronavirus pandemic, some countries have announced significant spending pledges to support a green recovery. Germany leads the way with a €40 billion (£36 billion) commitment to climate-related spending. The UK government’s plans…
The number of unsold November-loading Angolan crude cargoes fell further on Thursday, traders said, while the Nigerian market was steady.ANGOLAOnly one cargo of CLOV remains unsold after the other found a buyer on Thursday. Details of the cargo's destination were not known…
Deepocean, with Enpro Subsea as a subcontractor, has recently completed the removal of 'attic' oil from concrete storage cells at the base of Shell's Brent Bravo platform in 140 meters water depth in the UK North Sea.A DeepOcean subsea construction…
Philippines President Rodrigo Duterte has lifted the moratorium on petroleum exploration in the South China Sea, paving the way for three projects to resume, including a possible joint venture with China.Energy Secretary Alfonso Cusi said on…
Subsea services group Acteon has recently interviewed Laura Wood, Business Development Manager at UTEC, an Acteon company, on the subject of gender diversity in the male-dominated energy industry, and the role of women in S.T.E.M ( Science, Technology…
The recent downgrade of Hurricane Energy's Lancaster field recoverable reserves estimates has led Norwegian energy intelligence Rystad Energy to revise its expectations for the UKCS overall and say that the basin might never again hit output…
All dynamically positioned offshore drilling rigs in the U.S. Gulf of Mexico that moved away from the Hurricane Delta last week have now returned to the Gulf. Production from oil and gas platforms has yet to be fully restored.As previously reported…
The European Union's latest strategy to defuse tensions with Turkey is unraveling, two weeks after it was sealed, raising the risk of conflict in the Eastern Mediterranean, diplomats, officials and experts said.Despite an EU summit deal in the early hours of Oct…
Offshore drilling contractor Transocean has won a contract extension for its Dhirubhai Deepwater KG1 drillship in India.On Wednesday, Transocean said that its client Reliance had exercised a contract extension option that should see the ultra…
The OPEC+ alliance will ensure oil prices do not plunge steeply again when it meets to set policy at the end of November, OPEC Secretary General Mohammad Barkindo said on Thursday, adding that oil demand has been recovering slower than expected…
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