Teekay Offshore Partners L.P., a provider of offshore oil production and storage vessels for the offshore oil and gas industry, has changed its name.The company announced Tuesday its name has changed to Altera Infrastructure L.P. effective March 24…
Canada's Husky Energy has decided to suspend construction activities on its West White Rose offshore project, citing the COVID-19 virus fears.The oil company sanctioned the West White Rose development in May 2017. The field is being developed…
Fred. Olsen Windcarrier’s jack-up vessel Brave Tern has been awarded a contract to transport and install wind turbines selected for the Changfang and Xidao offshore wind farms (CFXD) in Taiwan.The contract for the transportation and installation of MHI Vestas Offshore V174-9…
French energy group Total announced plans on Monday to step up cost cuts and suspend its share buyback programme in order to deal with a slump in oil prices and the economic fallout from the coronavirus outbreak.Total CEO Patrick Pouyanne said that with prices of $30 per barrel…
Norwegian independent oil firm Aker BP will postpone non-sanctioned projects to cut its planned 2020 capital and exploration spending by 20% due to the coronavirus but maintains its production guidance, it said on Monday.Capital spending for this year would be reduced to $1…
Lawmakers representing U.S. Gulf coast states on Friday asked Interior Secretary David Bernhardt to temporarily cut the royalty rate oil and gas companies must pay on their offshore drilling operations to help the industry weather a market crash…
The Trump administration plans to send a special energy envoy to Saudi Arabia to work with the kingdom on stabilizing the global oil market, officials said on Friday, as the U.S. scrambles to deal with a price crash so deep that regulators in…
Norway's Equinor said on Friday it will delay spring maintenance work at its Arctic liquefied natural gas (LNG) plant and five offshore platforms due to the coronavirus outbreak.Separately, Norway's gas system operator Gassco said annual maintenance…
This article, originally titled 'Norway: Oil Workers Not Critical for Society,' has been amended as the Norwegian government has added some parts of the oil and gas industry to the 'Critical Social Functions' list.OEDigital on Friday morning reported…
Italian oilfield services firm Saipem, and Norwegian oil and gas company Equinor are teaming up to develop a floating solar panel park solution for near coastal applications and rough weather conditions.According to a statement by Saipem, the…
Qatar has removed exit visa requirements for an additional segment of its foreign labor force, including some of those working in the oil and gas industry, according to official tweets posted on Friday.Qatar in 2018 eliminated exit visas for many foreign migrant workers…
Rockhopper Exploration, a partner in Premier Oil-operated Sea Lion offshore oil project in the Falkland Islands, is confident it will manage to farm-out a share in the project despite the low oil prices and COVID-10 uncertainty.The two companies…
Dutch state-owned grid operator Tennet has said that the topside of the offshore transformer platform for the Borssele III and IV wind area in the Dutch North Sea is ready for the sailaway.Dubbed the offshore power socket, Borssele Beta, will…
Oslo-listed provider of offshore seismic surveys Polarcus has seen a seismic contract in Africa terminated, just days after it lost a deal in Asia.Polarcus said Friday that a client in West Africa had decided to cease operations on the project…
Offshore helicopter operator Bristow has said it has successfully repatriated offshore workers in the oil and gas industry with suspected cases of the novel coronavirus – COVID-19 – using three specially-configured former search and rescue aircraft…
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