Canadian oil and gas company has cut its CAPEX and production guidance for 2020 amid the volatile oil market environment. The cuts will be made in its upstream business with projects put on hold in China, Indonesia, and Canada.The company has slashed its 2020 capital program reduced by $900 million…
How cloud-based computing is transforming subsea surveyDigitalization has revolutionized the world, and hydrographic survey techniques are no exception. While advances in mechanical design have enabled the survey of increasingly remote locations…
RWE Renewables (RWE) recently partnered with Spanish engineering firm Saitec Offshore Technologies (Saitec) to develop a floating platform for offshore wind turbines.In a joint pilot project called “DemoSATH”, the RWE and Saitec will start testing…
UK-based Tekmar Energy has secured a contract award from French cable installation specialist Louis Dreyfus TravOcean, to supply TekLink cable protection systems (CPS) for the Saint-Nazaire offshore wind farm (OWF).According to the developer and manufacturer of sub-sea cable protection systems…
Norwegian offshore vessel owner Island Offshore has secured two walk-to-work contracts in the offshore wind sector for the offshore service vessel Island Diligence.The first of these is a performing walk-to-work operations for Trianel’s 200MW Borkum West 2…
Britain's oil and gas sector association OGUK on Thursday banned people from traveling to offshore installations such as platforms if they have traveled to certain countries affected by the coronavirus in the previous 14 days.The ban comes after…
Deepwater drilling rig contractor Pacific Drilling has found more work for its Pacific Sharav drillship.The drilling company on Wednesday revealed that Murphy Oil had hired the drillship for work offshore Mexico. According to the fleet status report…
Offshore services provider Helix Energy Solutions has amended its existing credit agreement dated as of September 26, 2014, with Nordea Bank ABP and the lender parties related its Q5000 well intervention unit. The amendment extends the final…
The Organization of the Petroleum Exporting Countries was set up in 1960 to coordinate oil production policy among its members but in recent decades it has increasingly cooperated with producers outside the group to manage the market. This month…
U.S. cleantech incubator Greentown Labs, and offshore wind developer Vineyard Wind have started accepting applications for their Offshore Wind Challenge. Greentown Labs and Vineyard Wind are seeking submissions from startups that are innovating in marine mammal monitoring…
Tullow Oil said on Thursday the oil price fall may jeopardize a planned $1 billion in asset sales needed to refill its coffers, raising the risk the group's lenders may become reluctant to approve loans essential to shoring up its future. The…
Norway's offshore oil and gas safety watchdog Petroleum Safety Authority has said „is prioritizing the maintenance of its supervisory activities as far as possible given the spread of the coronavirus.“PSA Norway, whose main job is to monitor…
U.S. oil and gas company Murphy Oil has slashed capital spending plans by $500 million citing 'current market conditions and recent commodity price volatility.' The company plans to preserve dividend payments.Murphy’s revised 2020 budget is approximately $950 million…
Australian oil and gas operator Santos is planning to carry out an offshore survey in preparation for the proposed Yoorn-1 drilling in the offshore block WA-499-P, in W. Australia.According to an application filed this week, as part of the drilling preparatory work…
Grid operator TenneT reported a 9% drop in 2019 operating earnings on Thursday and repeated it will need fresh capital to build the infrastructure needed to realize Dutch and German government plans for more renewable energy. In its 2019 annual report…
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