Canadian oil and gas producer Husky Energy Inc said on Monday it would lower its capital spending by C$500 million over the next two years when compared to its 2019 outlook in a bid to increase free cash flow.Oil producers have been under pressure…
Indonesia considers allowing for production sharing oil and gas contracts optionsIndonesia is considering letting energy companies stick with the 'cost recovery' system for oil and gas production sharing contracts, the energy minister said on Monday…
Romania's OMV Petrom is ready to press on with a multibillion euro investment in the giant Black Sea gas project it holds with ExxonMobil once Bucharest's new government lifts regulatory barriers to doing so, it said on Monday.A final investment…
Asia Pacific focused independent Jadestone Energy said it has appointed Lisa A. Stewart as a non-executive director of the board, effective December 1, following the departure of Eric Schwitzer, effective November 30. Jadestone will continue to have eight directors…
Norwegian energy firm Equinor said it will take over as operator for the development of the Wisting license in the Barents Sea as of December 1. Austrian partner OMV will later assume the operator role for the operation phase.In June, the two…
Rovco launched “SubSLAM Live” a 3D Streaming technology which it says will allow a video live stream 3D underwater pointclouds to any device in the world. According to the company, the stereo camera technology system sends images and 3D models…
TGS-NOPEC Geophysical Company (TGS), the surveying services company, announced that it has added a further 1,500 square kilometers of 3D seismic data offshore The Gambia.The Norwegian survey firm said that this dataset will further expand TGS’ existing 3D multi-client library in the MSGBC Basin…
SeaPlanner has been selected to support the operations and maintenance phase of the Formosa 1 offshore wind farm in Taiwan.The SeaRoc Group’s marine management system unit said that under the 10-year contract, SeaPlanner will be deployed by…
The main development in Kazakhstan’s Kashagan field is D-Island, a structure built on recovered land that typically outputs 340,000 barrels per day. Due to reaching the end of its service life, both its flare tips required replacement. This work was to be carried out during a tight shutdown window…
Norway's offshore safety watchdog has given ConocoPhillips consent to use the West Linus mobile facility for production drilling on the Tor field.The consent covers the drilling and completion of eight production wells in connection with the new development of the Tor field (Tor II)…
Wintershall Dea’s controversial wildcat well near the closed-off Lofoten archipelago in northern Norway was ultimately unsuccessful, analyst Rystad Energy said.Rystad Energy’s senior exploration analyst Palzor Shenga said, “This stands as a…
Partners in the Northern Lights project will drill an exploration well south of the Troll field in the North Sea with the objective to not find oil and gas.Wildcat well 31/5-7 Eos is being drilled to investigate whether the reservoir in the…
Italian offshore services company Saipem said it has secured two new contracts for work related to offshore wind development projects in Scotland and Taiwan.The two contracts, worth approximately €750 million ($826.4 million) combined, represents…
A new research and technology center backed by Chevron and Woodside has been launched at The University of Western Australia (UWA) to study long subsea tiebacks.The Center for Long Subsea Tiebacks laboratory located at UWA will focus on long…
First Subsea announced it has been selected by Van Oord / Cablel to supply cable protection systems (CPS) for the export cables and cross over protection for TenneT’s Net op zee Hollandse Kust (zuid) offshore wind farm located 20 kilometers off the coast of The Hague in the Netherlands…
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