A wave of oil and gas bankruptcies in North America is likely to continue this year as oil prices remain depressed and a new surge of COVID-19 cases threaten to stall any recovery in fuel demand, law firm Haynes and Boone said in a report released this week…
France-based seismic data company CGG has informed that its subsidiary Sercel has acquired a 34% shareholding in AMBPR, a start-up company that designs and markets autonomous robots.The AMBPR robots are used for repairing (sanding and painting) of large metallic structures…
Italian energy group Eni said it would write off around 3.5 billion euros ($4 billion) from the value of its assets after revising down its long-term outlook for oil and gas prices due to economic fallout from the COVID-19 crisis.In a statement on Monday…
Brazil's Petrobras said that its platforms P-74, P-75, P-76 and P-77 located in the deepwater Buzios oil field, the largest in the world, achieved record production levels on June 27, totaling 664,000 bpd and 822,000 boed.The oil company said it sold 764…
Following the recent installation of the first offshore wind turbine generator at the Seamade offshore wind project in Belgium, the turbine has now started producing electricity.SeaMade is a 487,2 MW offshore wind concession in the Belgian North Sea…
As the maritime world continues to turn to digital technologies to help maintain business operations amid the coronavirus pandemic, Kongsberg Maritime is planning to digital platforms to ramp up remote delivery of targeted training.The Norwegian…
Occidental Petroleum Corp will write down the value of its oil and gas properties by up to $9 billion this quarter and restructure some debts to avoid a possible default, the company said on Thursday.The U.S. oil producer is trying to shed nearly…
Dutch offshore geo-data specialist Fugro will deploy remote monitoring technology to survey subsea structures at the Cygnus gas field in the UK’s southern North Sea.Under the contract awarded by oil and gas company Neptune Energy, Fugro will…
South East Asia focused oil and gas company Jadestone Energy has started arbitration against Inpex's subsidiary Teikoku over Jadestone’s acquisition of an interest in Blocks 05-1 b and c, offshore Vietnam.Jadestone in August 2016 signed an agreement…
A wind LiDAR (light detection and ranging) instrument has been installed alongside the causeway leading to Rutgers University Marine Field Station in Tuckerton, New Jersey.The fully autonomous sensor platform, owned and operated by Atlantic Shores Offshore Wind…
Jack-up drilling rig specialist Borr Drilling has regained compliance with the continued listing standard on the New York Stock Exchange, avoiding delisting risk.Borr Drilling said in May it had been informed by the NYSE that the company was…
Oil and gas companies Energean and Edison have agreed to exclude Edison's Norwegian assets from the proposed sale of Edison's E&P business to Energean. Apart from the exclusion of Norway, the companies have also reduced the value of the deal by $111 million…
BP Plc said it completed the sale of its Prudhoe Bay oil and gas producing properties to closely-held Hilcorp Energy, ending 60 years as a top Alaskan oil producer.BP and other oil majors have reduced their production roles in the northernmost U…
Israeli conglomerate Delek Group swung to a big first-quarter loss as a fall in oil prices brought an impairment at its North Sea operations, Ithaca Energy.Delek has been hard hit by the global coronavirus crisis and a drop in oil prices and…
Oslo-listed offshore vessel owner Eidesvik Offshore has won a contract with Aker BP to manage two supply vessels in operation on the Norwegian continental shelf (“NCS”).'NS Orla and NS Frayja are the vessels that will be operated by Eidesvik…
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