Australian oil and gas company Triangle Energy has shut production from its shallow-water Cliff Head Alpha oil platform citing an electrical fault.Triangle Energy said Monday production at the platform located approximately 14 kilometers offshore in the Perth Basin…
Despite a string of good-news messages in recent weeks, the price of oil continued its weeklong slide on Monday, taking with it many of Norway’s oil-focused stocks.A large swathe of listed offshore suppliers and energy companies took a pounding…
Italian offshore oilfield services company Saipem has activated safety measures to protect its workers, after the coronavirus outbreak in the country.According to a report by Reuters, Italy is the most affected country in Europe, with coronavirus cases rising on Saturday to more than 150…
Weekly U.S. offshore drilling rig count dipped last week, but the overall rig count rose, by one unit.According to Baker Hughes' Rig Count report released Friday, U.S. Rig Count was up 1 rig from the previous week to 791, with oil rigs up 1 to 679…
Indonesia's oil and gas output is expected to contract for a fourth consecutive year in 2020, as aging fields and delays to new projects keep production levels below government targets, analysts said.The output decline comes as Jakarta proposes…
RWE Renewables and Saitec Offshore Technologies will jointly start testing a floating platform for wind turbines off the Basque coast in 2021 as part of the project called 'DemoSATH,' aimed at reducing floating wind development cost.According to the joint statement…
Greenpeace and its partners on Monday asked Norway's supreme court to rule on the legality of the country's Arctic oil and gas exploration licenses, in a case that could block the petroleum industry's expansion plans. If the supreme court takes up the case…
Australian oil and gas company Cooper Energy might bring its Annie gas discovery online in 2022.Cooper, in cooperation with Mitsui E&P, made the discovery at the Annie-1 well, located 9 kilometers offshore Victoria, Australia, in September 2019…
Wärtsilä, a Finland-based marine equipment manufacturer, has secured order to deliver thrusters for Boskalis' crane vessel Bokalift 2.The Finnish company said its comprehensive thruster solution would enable Boskalis to convert an existing hull to create the crane vessel Bokalift 2…
London-listed Kosmos Energy reported a net loss of $35,7 million for the fourth quarter of 2019. Total revenues and other income for the quarter were $462,5 million.For comparison Kosmos Energy's 4Q 2018 profit was $185,5 million, on $309,5 million revenues…
ADM Energy, an AIM-quoted oil and gas investing company formerly known as MX Oil, will increase its interest in the offshore block in Nigeria containing the Aje oil field.ADM said Monday it had agreed with EER, a partner in the block to acquire a participating interest of 2…
Norwegian oil company Aker BP has received regulatory consent for the start-up of the Skogul field in the North Sea, offshore Norway.The Norwegian Petroleum Directorate granted its consent for the of the field in production license 460 on Monday…
Oil prices fell on Friday as weak Asian data and a rise in new coronavirus cases fuelled uncertainty about the economic outlook while leading crude producers appeared to be in no rush to curb output.Brent crude was down $1.56, or 2.6%, at $57…
Turkish President Tayyip Erdogan has reportedly confirmed that the country, through its national oil company TPAO, has expanded its offshore drilling fleet with another drillship.TPAO has been using its two drillships the Fatih and the Yavuz – bought in 2017…
On the back of several major consultancy and maintenance optimization contracts wins in offshore and onshore oil and gas exploration space, Lloyds Register has appointed Yvo Yansen as Global Business Development Director for Energy business…
Subscribe
