Vaalco Energy has said it has completed the South East Etame 4H development well offshore Gabon, including approximately 750 feet of horizontal section in the Gamba reservoir.The company said Thursday it had brought the South East Etame 4H well onto production on March 21…
Oil prices fell on Thursday, ending three sessions of gains, as movement restrictions worldwide to contain the coronavirus destroyed demand and overshadowed expectations that a U.S. $2 trillion emergency stimulus will bolster economic activity…
The Port of Prigorodnoye on the Pacific coast in the Russian Far East has loaded its 1,800th LNG cargo produced at the Sakhalin-2 LNG plant, in operation since 2009, Gazprom has informed.The LNG cargo was loaded onto the Hyundai Aquapia LNG carrier…
International Maritime Industries (IMI) has completed the Maintenance, Repair & Overhaul contract on ARO Drilling's ARO-2003 (SAR201) jack-up rig in Saudi Arabia.IMI, a joint venture between Saudi Aramco, Lamprell, Bahri and Hyundai Heavy Industries…
Norwegian energy intelligence firm Rystad Energy expects that majority of Africa’s top planned oil and gas projects that were expecting final investment decisions under an oil price assumption of between $55 and $60 per barrel will be hit hard by the current oil prices and coronavirus impact…
Marine seismic survey company Axxis Geo Solutions has said a client has canceled a contract for work in the North Sea.Axxis Geo Solutions, specializing in Ocean Bottom Node surveys, said the cancellation was 'on a small contract in the North…
The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic cuts fuel consumption and top producer Saudi Arabia raises output to full capacity to fight a price war with rivals.International crude…
It is well known that offshore steel structures are subjected to some of the harshest weather conditions and punishing marine environments, so it makes sense to use a good protective coating from the outset to safeguard those structures from corrosion…
An offshore drilling rig worker, employed on a Maersk Drilling rig in Australia, tested positive to coronavirus after going to overseas home, oil and gas company Inpex has informed.'On 22 March we became aware that a person who recently worked…
China's national offshore energy producer CNOOC Ltd reported a 15.9% rise in 2019 profit on Wednesday, its best performance in five years thanks to higher oil and gas output and persistent cost control.CNOOC, one of the industry's lowest-cost explorers and producers…
Nigerian oil company Lekoil has said it is in the process of paying $2 million to Optimum Petroleum, its partner in an offshore block in Nigeria.The 2 million payment was agreed in January, and it is the first of two installments Lekoil is due…
Dutch shipping company Vroon is extending its recently imposed suspension of crew changes on its vessels, citing the impact of the coronavirus.In a public letter addressed to colleagues, friends, and families, Vroon CEO Herman Marks said: 'Every day…
Hungarian oil and gas company MOL said it has transformed one of its production facilities at Almásfüzitő into a sanitizer production plant as energy companies around the world pitch in to aid the fight against coronavirus. Lubricants producer and MOL Group member MOL Lub Ltd…
Japan Oil, Gas and Metals National Corporation (JOGMEC) has signed an agreement with JX Nippon Oil & Gas Exploration and Petronas to study the development of high CO2 gas fields in Malaysia, utilizing Carbon Capture and Storage (CCS) technology…
Norway is postponing a decision on whether to allow companies to construct a new subsea power cable between it and Scotland, the government said on Wednesday.Known as NorthConnect and partly owned by Swedish energy group Vattenfall, the project…
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