Energy intelligence group Wood Mackenzie has said that a world on a 2-degree celsius pathway could significantly reduce upstream gas investments - by 65% through to 2040.To remind, countries that signed the famous Paris Agreement in 2016, committed…
Australian oil and gas company FAR has agreed to sell its stake in Woodside-operated offshore blocks in Senegal, containing the Sangomar development, to India's ONGC Videsh.FAR has been working to sell its Senegal assets for months, as the company…
Spanish wind energy group Iberdrola's plans to spend around $88 billion on renewable power by 2025 eclipse Europe's top oil companies' combined planned investments in low-carbon over the same period.Royal Dutch Shell, BP, Total, Norway's Equinor…
Norway's Equinor wrote off $2.93 billion from the value of its assets after cutting its long-term oil and gas price forecasts on Thursday, betting the pandemic and a shift away from fossil fuels will have a lasting impact on markets.The biggest hit came from a $1…
Tamarind Resources said Tuesday it had acquired the Rubicon Intrepid FPSO from the owner Rubicon. The Rubicon Intrepid, converted into an FPSO from a shuttle tanker in 2007/2008, has been operating at the Galoc field offshore the Philippines at SC14C…
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…
Oil producers on Monday were evacuating offshore production platforms in the U.S. Gulf of Mexico as the 27th named storm of the season strengthened overnight and looked likely to threaten the United States as a hurricane.BP, BHP Group Ltd, Chevron Corp…
The world's two largest oil exporters, Russia and Saudi Arabia, are in talks on how to support volatile oil markets, the Kremlin said on Monday as rising coronavirus infections worldwide curb fuel demand.An OPEC+ ministerial monitoring committee…
Shell’s Deepwater business has selected Bentley Systems' digital twin solutions to streamline its capital projects process and accelerate time to first oil.Bentley Systems said that Shell, with a plan to deliver several subsea tie-back projects over the next 10 years…
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…
Offshore lifting hoists and chains solutions provider William Hackett has published an industry report aiming to help minimize the risk of Hydrogen Embrittlement (HE) and Stress Induced Corrosion Cracking (SICC). The report includes guidance on material choices used in topside and subsea lifts…
Deepocean, with Enpro Subsea as a subcontractor, has recently completed the removal of 'attic' oil from concrete storage cells at the base of Shell's Brent Bravo platform in 140 meters water depth in the UK North Sea.A DeepOcean subsea construction…
As crews began returning to U.S. Gulf of Mexico offshore facilities on Thursday, this year's repeated oil and gas production halts were already hitting energy firms' results.Eight named storms entered the U.S. Gulf of Mexico this year, most…
Exxon Mobil Corp on Wednesday kept its fourth-quarter dividend flat at 87 cents a share, signaling 2020 will be the first year since 1982 that the U.S. oil producer has not raised its shareholder payout.The largest U.S. oil producer by volume…
Subscribe
