Oilfield firm Baker Hughes Co reported a $10 billion loss and lower-than-expected revenue in the first quarter on Wednesday as an 80% plunge in oil prices crushed demand for services and equipment.Oil futures this week turned negative for the…
Germany-based energy firm innogy has sold its offshore installation vessel ‘Seabreeze II’ to Hong Kong-based firm SPIC Ronghe International Financial Leasing Co. Ltd. Richard Sandford, Director of Offshore Investment & Asset Management at innogy…
The supply of Malaysia's flagship crude grade Kimanis will be halved in May and June due to weak demand and as the country has agreed to reduce production in a pact with major oil producers, two sources familiar with the matter told Reuters on Wednesday…
EnBW Baltic 2 one of Germany’s largest offshore wind farms in the Baltic Sea will soon be serviced from the Danish port of Klintholm on the island of Møn, EnBW said Tuesday. The company has so far had its service team of up to 25 people travel…
Qatari state-owned oil and gas company Qatar Petroleum has signed a deal to reserve LNG ship construction capacity in China in a deal potentially worth more than $3 billion.QP said that the reserved LNG carrier construction capacity would be used for QP’s future LNG carrier fleet requirements…
The U.S. SEC has closed its investigation into Eni over the Italian oil major's activity in Nigeria and the Congo without recommending further action, Eni said on Wednesday.'Based on the information currently available to the SEC, it is otherwise…
An Australian frigate has joined three U.S. warships in the South China Sea near an area where a Chinese vessel is suspected to be exploring for oil, near waters also claimed by Vietnam and Malaysia, officials said on Wednesday.The warships…
Norwegian oil firm Aker BP has started production from the first Ærfugl phase 2 well in the Norwegian Sea, which is, according to the company, three years ahead of the original plan. The Ærfugl field produces via Skarv FPSO approximately 210 km west of Sandnessjøen…
After recently delaying projects in Vietnam, London-listed oil company Jadestone Energy has decided to postpone infill drilling programs at its Stag and Montara offshore fields in Australia, in a move to reduce cash spending due to the oil price rout…
More than 30 companies, including commodities traders like Gunvor and Vitol as well as units of oil majors like Exxon Mobil and Royal Dutch Shell, submitted expressions of interest for a contract to market the Guyanese government's share of the country's crude…
Norwegian oil and gas company Equinor has informed that its executive vice president Exploration Tim Dodson will step down as executive vice president Exploration, a role he held since 2011.In what Equinor said was a planned change to the leadership of Exploration…
Investors are in for more bad news on the energy front in the coming weeks as a host of the sector's biggest companies report quarterly results following the historic collapse in oil prices.Forecasts for U.S. energy sector earnings this year have dropped along with oil prices…
Norway's oil minister reiterated on Tuesday that Western Europe's largest oil producer was soon to conclude whether to cut its output following historical curbs agreed by the OPEC+ group.Brent crude front-month contract fell to $18.10 a barrel on Tuesday…
Offshore drilling contractor Valaris is facing delisting of its shares from the New York Stock Exchange over noncompliance with continued listing standards.Valaris, the world's largest offshore drilling company by fleet size, said Tuesday it…
Norwegian multi-client offshore seismic data firm TGS has completed the reprocessing of a 21,631-square kilometer regional 2D seismic survey offshore Sakhalin Island, in the Russian Sea of Okhotsk.TGS, a provider of offshore data to exploration & production (E&P) companies…
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