Singapore's Sembcorp Marine is in talks to sell two drillships previously ordered by Brazil's Sete Group.Sete was established in the early 2010s as a drilling contractor that would lease rigs to Petrobras. Petrobras had committed to charter 28 offshore drilling rigs at the time…
Equinor joined other major European oil and gas companies on Thursday by including emissions from the fuel it sells to customers in its carbon reduction targets as investors step up the pressure on fossil fuel producers. By including so-called…
Offshore accommodation provider Prosafe has forecast a tougher year ahead, compared to 2019, expecting a drop in flotel rig fleet utilization and day rates falling.The company on Thursday reported a quarterly net loss of $13.3 million (compared to a loss of 35…
Qatargas has this week celebrated the completion and the sail away of the offshore living quarters structure, part of its North Field Bravo (NFB) Living Quarters Expansion (LQX) project.The structure was completed by Nakilat-Keppel Offshore Marine (N-KOM) at the Erhama Bin Jaber Al Jalahma Shipyard…
Oilfield services company John Wood Group, recently rebranded to Wood, has sold its industrial services business to Kaefer.London-listed Wood said the sale of the part of the business which provides integrity and fabric maintenance for assets…
Tanker operator AET has won a long-term deal with the Brazilian oil company Petrobras for the charter of three shuttle tankers that will offload oil from Petrobras' offshore oil platforms and FPSOs.AET said Thursday the long-term charters would…
A Milan court has rejected a prosecution request to hear testimony from a former legal adviser of Eni who has accused the company of spying on judges, offering a boost to the Italian oil firm as it fights bribery allegations over a Nigerian oil field…
The Mediterranean-focused oil and gas company Energean might see further delay with the delivery of its FPSO hull from China on the back of the Coronavirus outbreak in the country.Just last week, Energean said that the delivery of the hull of…
Norway's Equinor reported a smaller-than-expected drop in fourth-quarter core operating profits on Thursday as the startup of a major new oilfield partly mitigated the impact from weak European gas markets. The Oslo-listed company's adjusted earnings before interest and tax (EBIT) fell to $3…
Offshore oil and gas production is very energy intensive, and with declining field pressure and the need for enhanced production the energy demand even increases substantially in the later lifetime of an oil and gas production facility. The…
US-based services firm McDermott International announced on Wednesday it has been awarded a contract by BHP to provide subsea umbilicals, risers and flowlines (SURF), transportation and installation (T&I), pre-commissioning of one jacket and topsides for the Ruby Project…
BP's phase three of the $12 billion West Nile Delta project offshore Egypt will come online by the end of this year, nearly 12 months behind the earlier scheduled deadline, the company said in a conference call this week.The third phase includes the development of the Raven field…
Tullow Oil plans to cut a third of its staff to slash its administration costs by a fifth, or around $20 million, a source with direct knowledge of the matter said, after weak output in Ghana, delays in East Africa and lower-than-hoped-for oil quality in Guyana…
The majority of high impact offshore exploration wells in 2020 will be drilled in Africa and the Americas, Rystad Energy, an energy research group based in Norway has said.Rystad Energy rates wells as high-impact by an assessment of several factors…
UPTIME International has been awarded a contract to provide access solutions for BP's Tortue Ahmeyim project offshore Mauritania and Senegal.The contract, awarded by Eiffage Génie Civil Marine, is for the supply of access solutions for the LNG…
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