Singaporean conglomerate Keppel Corp reported a loss in the first half of 2020 due to impairments in its offshore and marine business that has been battered by low global oil prices.Keppel posted a net loss of S$537 million ($390 million) for the six months to June…
JDR, a subsea cable supplier and services provider has started construction of a new US headquarters in Tomball, Texas. The building will consolidate three of JDR’s existing facilities in the region to expand its IWOCs (Intervention Work Over…
Tubular solutions supplier Vallourec has signed contract extensions with Petrobras for the supply of its products and services.Since 2019, Vallourec has been supplying Petrobras with OCTG products, including seamless steel tubes, connections…
Royal Dutch Shell said on Thursday its second-quarter writedowns include the OPL 245 license for an offshore oilfield in Nigeria which it holds alongside Eni and which is at the center of an ongoing corruption court case in Italy.Italian prosecutors…
Brazilian state-controlled oil producer Petrobras has agreed to pay 950 million reais ($184 million) to its pension fund Petros to settle a dispute over investments at drillship company Sete Brasil, the company said in a filing on Wednesday…
French oil major Total has struck a deal with Perenco to sell its interest in seven offshore oil fields in Gabon.Total said Thursday that its 58% owned affiliate Total Gabon had signed an agreement with Perenco to divest its stakes in seven mature non-operated offshore fields…
Royal Dutch Shell avoided its first quarterly loss in recent history, helped by a booming trading business, but announced nearly $17 billion in impairment charges reflecting a pessimistic outlook for oil and gas prices.Shell had warned last…
Apache Corp and its joint venture partner Total on Wednesday said they had made their third oil discovery offshore Suriname.The 'major oil discovery' was made at the Kwaskwasi-1 well drilled by the Noble Sam Croft in Block 58, where Apache is…
London-listed oil and gas exploration and production firm Tullow Oil expects to hire an offshore drilling rig soon for drilling operation in Suriname.The company said Monday that the drilling of the Goliathberg-Voltzberg North prospect (GVN…
U.S. oil and gas producer Hess Corp reported a bigger quarterly loss on Wednesday, hurt by lower oil prices as the COVID-19 pandemic sapped global energy demand.Crude prices sank to historic lows in April as economic activity plummeted across…
North Sea oil and gas operator Spirit Energy has given its York offshore gas field a new lease of life with an additional £13million (USD 16.8 million) investment. With the investment, Spirit will extend the life of the Southern North Sea offshore gas field by three years…
Norwegian oil and gas company Equinor has obtained regulatory approval for exploration drilling in the production license 263 D, located in the Norwegian Sea.The Norwegian Petroleum Directorate said Wednesday it had granted a drilling permit…
UK-based offshore services company Petrofac has won a two-year contract with NEO Energy to provide Well Management and Well Operator support across NEO's North Sea fields.The deal will cover support for 25 production wells across NEO's Affleck…
Dutch offshore gangway specialist Ampelmann has won a contract with offshore vessel owner Olympic Shipping to support topside commissioning work on Ithaca Energy’s FPF-1 semi-submersible production platform in the UK North Sea.Ampelmann E-type gangway system…
Temasek Holding's $3 billion bid to acquire a controlling stake in Keppel Corp will be under scrutiny on Thursday as a big quarterly profit drop at the conglomerate could raise the risk of the state investor dropping its proposal, analysts said…
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