UK-Focused oil firm Jersey Oil & Gas will lead the study aimed at forming a hub to potentially develop oil discoveries made by several operators in the Greater Buchan Area in the UK North Sea.JOG said Monday has established and will lead the…
Carnarvon Petroleum, a partner in Santos-operated Dorado oil field off W. Australia, has said that work on the FEED for the Dorado development continues unabated by the recent global events.Carnarvon stressed that the spread of the COVID-19 virus and the fall in oil prices were serious matters…
Offshore accommodation specialist Prosafe’s Safe Zephyrus accommodation rig has been contracted in support of the redundant subsea tank removal and safe re-habitation of the Thistle Alpha platform in the UK North Sea.As previously reported,…
Iran's oil production capacity increased by 6,000 barrels per day after a platform was installed at the offshore Salman field in the Gulf, the official news agency IRNA reported on Saturday, citing Alireza Salmanzadeh, head of the Iranian Offshore Oil Company…
Cairn Energy’s subsidiary Capricorn Norge has been given permission to drill a wildcat well in the North Sea offshore Norway. The Duncan exploration well (35/8-7S) will be drilled using the Island Innovator semi-submersible drilling rig. The well is located in the production license 880…
Offshore drilling company Noble Corporation has informed that Richard Barker will be appointed as Chief Financial Officer of the company.The new appointment comes following the current CFO Stephen M. Butz's decision to to step down as Executive…
The owners of marine technology specialist Sonardyne have formed a new parent company. Sonardyne Group will align and harness the joint strengths of independent subsidiaries Chelsea Technologies, EIVA, Wavefront Systems, 2G Robotics and Sonardyne International…
Tidal energy developer Minesto has so far felt no effect of the coronavirus pandemic on the inflow of components for its tidal project in the Faroe Islands, but the company said it was watching the situation closely. “Minesto is closely following…
Brazilian state-run oil firm Petroleo Brasileiro SA has suspended employees' international travel amid the global health crisis caused by the coronavirus, according to a statement on Monday.Petrobras, as the company is known, also said workers older than 65 years of age will have to work remotely…
Brent fell by 10% on Monday, and U.S. crude to below $30, as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China's factory output plunged at the sharpest pace in 30 years amid the spread of coronavirus…
Seismic data acquisition company Polarcus has lost a seismic acquisition contract for a project in the Asia Pacific region.The company in December said it had been awarded a four-month marine seismic survey project in the Asia Pacific region with an unnamed client…
Forewarned is forearmed, an adage that is particularly true when it comes to deepwater drilling. Offshore drillers are increasingly relying on existing and new downhole data technologies to make real-time decisions and keep operations safe.Multi…
Major energy companies in the United States imposed work-from-home rules for office staff and began health checks for remote or critical workers as coronavirus spread and threatened an industry reeling from falling demand and profits.BP, Exxon Mobil…
Franco-American oil services firm TechnipFMC Plc is putting on hold plans to split itself into two due to turbulence in financial markets linked to the coronavirus outbreak, it said on Sunday.The group, created three years ago via the merger of Technip and FMC…
China's CNOOC Ltd said on Monday that it made a large-sized discovery in Bohai Bay offshore China.Located in the Laizhou Bay in southern Bohai basin, the Kenli 6-1 discovery is expected to produce around 1,178 barrels of oil per day, the company said in a statement…
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