Oslo-listed seismic survey company SeaBird Exploration has said it has won a letter of award for a 2D survey in the Asia Pacific region. The Norwegian seismic data acquisition firm said the survey was expected to start in the first quarter of 2021…
Offshore rig builder Lamprell has won an engineering design services contract with Saudi Arabia's International Maritime Industries (IMI).Lamprell said the work would form an integral part of IMI's 2030 new build rig program; supporting the…
Norwegian energy company Equinor has received regulator consent to use Odfjell Drilling's Deepsea Atlantic semi-submersible drilling rig for production drilling on the Vigdis offshore field.Vigdis is a field located in the Tampen area in the northern part of the North Sea…
Offshore drilling firm Pacific Drilling and certain of its subsidiaries have filed for Chapter 11 bankruptcy with the aim to eliminate $1.1 billion debt.The company, which had previously filed for Bankruptcy in 2017, said Friday that it and…
Offshore drilling contractor Dolphin Drilling has secured a new combined contract for exploration and plug and abandonment with the Norwegian oil and gas company DNO.'The contract will see Dolphin Drilling support both ends of the well lifecycle…
Offshore services group Acteon has informed that Chris Johnston will be joining its moorings and anchors business InterMoor as group managing director.Johnston, which will be based in Houston, USA, brings with him more than 35 years of domestic…
Exxon Mobil Corp posted its third straight quarterly loss on Friday and detailed deeper spending cuts to come, as the oil major reels from the COVID-19 pandemic's impact on energy demand and prices.The largest U.S. oil producer by volume said…
Canadian oil and gas company Husky Energy and China's CNOOC have started gas production from the Liuhua 29-1 gas field, offshore China.The Liuhua 29-1 gas field is located in the eastern South China Sea, 86 kilometers northeast of Liwan 3-1 gas field…
Oil and gas company BW Energy has bought two jack-up drilling rigs from Borr Drilling. The company will use a converted rig for the development of the Hibiscus/Ruche satellite field in the Dussafu license offshore Gabon.BW said that using a…
BP has started drilling at the Ironbark-1 exploration well in the WA-359-P in the Carnarvon Basin, offshore Western Australia.According to Cue Energy, a partner in the project, the drilling started at 07:30hrs (AWST) on 31 October 2020. BP is…
Norway's Equinor aims to become a net-zero emitter of greenhouse gases by 2050, including emissions from the production and final consumption of oil and gas, the energy producer's new chief executive said as he took office on Monday.Anders Opedal…
Insights on innovative power products upgrades that could be used to keep offshore operations moving along effectively, efficiently.Maersk Supply Service/Orsted power buoysDanish offshore vessel firm Maersk Supply Service and its compatriot offshore wind developer Ørsted…
South America contains some of the largest deepwater oil reserves in the world, with Brazil alone possessing over an estimated 30 billion barrel of oil equivalent (BOE). In Guyana, ExxonMobil has recently made its 18th deepwater discovery, which…
Oil and gas companies worldwide are taking an axe to their employment rolls, shedding workers to survive what is expected to be a prolonged stretch of weak demand.Exxon Mobil Corp said it will cut its workforce by 15%, or about 14,000 people…
Total trimmed its 2020 investment target on Friday after a sharp drop in third-quarter net profit, though the French oil and gas producer maintained its dividend.The company cut its investment target to $13 billion from $14 billion and said it was keeping a lid on operating costs too…
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