Malaysian state oil firm Petronas posted a 68% slump in first-quarter profit on Friday and said it would cut capital expenditure and operating expenses as it braces for a big hit to its full-year performance due to the coronavirus pandemic.Petronas…
An English court threw out a $1.1 billion case Nigeria had brought against Royal Dutch Shell and Eni related to a dispute over the OPL 245 oilfield, a court document showed on Friday, while a related trial in Italy continues.The Nigerian government…
At these difficult times when companies involved in the offshore industry are cutting jobs across the board as one of the ways to preserve cash, there's one offshore vessel operator that, while indeed cutting salaries, is keeping the jobs in place…
innogy Renewables Ireland, the joint developer of Dublin Array Offshore Wind Farm, has this week welcomed the announcement by Ireland's Minister of State, Damien English TD, of a clear road map for the development of offshore wind energy in Ireland…
Russian energy giant Rosneft on Friday re-appointed Chief Executive Igor Sechin, an ally of President Vladimir Putin, for another five years.Sechin, who turns 60 in September, turned the company into one of the world's top oil players and earned the accolade of oil tsar…
Australia's Nauti-Craft and Singapore's ST Engineering Marine Ltd, the marine arm of Singapore headquarters ST Engineering, have signed a letter of intent to explore options of collaborating on crew transfer vessels (CTV) for the offshore wind industry…
Norwegian seismic company PGS has said it has released new multi-azimuth GeoStreamer 3D data for Ivory Coast.The company promises that the new 900 sq. km multi-azimuth broadband seismic survey provides increased resolution and sharper imaging…
Southeast Asian focused upstream oil and gas company Coro Energy has received all the necessary approvals by the Indonesian Government and has completed the acquisition of an interest in the Duyung offshore block, containing the Mako gas field…
Oilfield services company Archer has won a contract for the provision of modular drilling unit and associated services aboard TAQA's Cormoran Alpha platform in the UK North Sea.Archer's rig has been contracted by TAQA to perform a twenty-one…
Qatar Petroleum will slash its spending by around 30% this year in the face of the sharp drop in oil and gas prices due to the coronavirus epidemic, its Chief Executive said on Thursday.Speaking during a webcast organized by the U.S-Qatar Business Council…
Royal Dutch Shell has begun drilling the Saturn block in the Santos pre-salt basin, the company's Brazil chief said on Thursday, adding that Brazil faces hurdles to remain attractive in a low-price environment.Brazil's No. 2 oil producer after state-run Petroleo Brasileiro…
Europe's second-highest court on Wednesday rejected a challenge by the operators of the Nord Stream 1 and Nord Stream 2 pipelines against European Union gas rules, saying it was up individual member states to enforce them.Nord Stream 2, designed…
Woodside Petroleum will improve the quality of Vincent crude by increasing its flash point from July so that it can be blended into very low sulphur fuel oil (VLSFO) and capture higher premiums, two sources told Reuters.Among crude grades, heavy sweet oil…
Offshore classification company ABG has launch what it says is industry’s most comprehensive support package for offshore operators in Brazil’s complex regulatory environment, with a detailed technical advisory and two new notations.The ABS…
Norway's oil output jumped more than expected in April, the Norwegian Petroleum Directorate (NPD) said on Wednesday, while forecasts for the remaining year's production were cut in line with the government's decision following May's OPEC+ meeting…
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