Italian energy group Eni lowered its forecast for production and investments on Friday as the coronavirus crisis has driven down oil and gas demand and hammered crude prices.In a statement on first-quarter results, it said it would spend about…
Azerbaijan's BP-led Azeri-Chirag-Guneshli (ACG) project will have to cut output sharply from May for the first time ever as the country moves to meet its commitment under a global deal to cut production, three sources told Reuters on Thursday…
Offshore drilling contractor Dolphin Drilling has appointed Marianne Leiknes Ulriksen in the new role of Director HSEQ.Joining the company from PSW Group, she will be reporting directly to CEO Bjørnar Iversen, who made the announcement of the HSEQ Director appointment via social media…
Oil and gas company Neptune Energy has failed to find hydrocarbons at its offshore exploration well 6507/8-10 S in the Norwegian Sea.The well - known as the Grind prospect - was drilled about 10 kilometers east of the Heidrun field in the Norwegian Sea and 215 kilometers west of Brønnøysund…
Sonardyne International Ltd. and XOCEAN have completed a live seabed-to-shore data harvesting mission using an unmanned surface vessel (USV) for A/S Norske Shell, as part of a seabed monitoring campaign at the giant Ormen Lange field offshore Norway…
UK North Sea oil and gas company Serica Energy expects to see first gas from its Columbus development in late 2021, a six-month delay to what was previously targeted.The Columbus field plan, approved in 2018, envisions the reservoir will be…
London-listed offshore construction company Lamprell has reached a settlement with ScottishPower Renewables over its work for the East Anglia One offshore wind project.Back in 2016, ScottishPower Renewables awarded the UAE-based Lamprell - best…
As the global energy industry enters a period of increased offshore deepwater exploration driven by economic viability, the demand for international underwater monitoring services looks set to strengthen into the new decade. According to a report from TechSci Research1…
Offshore classification and technology advisory group DNV GL has set out to test and see if Digital Twin technology and data can be trusted and if they deliver value.The Norway-based firm has thus launched an international call to oil and gas…
Brazil's state-run oil producer Petroleo Brasileiro has 261 workers, either staff or contractors, who are infected with the coronavirus, the company said in a statement late on Wednesday.Last Friday, Petrobras, as the company is known, said it had 160 workers diagnosed with the virus…
Offshore drilling contractor Valaris has been hit with a slew of contract terminations, and dayrate and term reductions, its rig quarterly fleet status update released on Wednesday shows.The news of contract terminations comes as no surprise…
Oil services company TechnipFMC said on Wednesday it would slash the salaries of executives and retainers paid to company directors by 30%, after cutting its dividend by 75% in search of savings to cushion the impact of the novel coronavirus outbreak…
Norwegian underwater drone specialist Stinger has been awarded a subsea inspection contract by the country's oil giant Equinor.Under the contract, Stinger will provide inspection activities on several offshore oil and gas platforms operated by Equinor…
Malaysia called on Thursday for disputes over the South China Sea to be resolved by peaceful means, amid a standoff between Chinese and Malaysian vessels that a U.S. think tank said had been going on for months.U.S. and Australian warships arrived…
Offshore accommodation rig provider Floatel International has seen its contract with Ineos FPS delayed.Floatel said Thursday that the two companies have agreed to postpone the charter for the Floatel Victory accommodation unit at the Unity platform in the UK North Sea to April 2021…
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