The Covid-19 pandemic and the price crisis it has brought upon the oil and gas sector have hit the profitability of exploration and production (E&P) companies hard.
Energean has completed near-shore operations for the Karish gas pipeline and is now ready for offshore installation.
Halliburton has decided to cut its dividend amid uncertainties related to the duration of the market downturn.
Jan De Nul has loaded the first jacket foundations built in South Korea for the 109.2 MW Taiwan Power Company Offshore Windfarm Phase 1 Project. Jan De Nul will transport a total of 21 four-legged jacket foundations from Samkang’s fabrication yard in South Korea to the installation site offshore Tai
Borr Drilling is working to secure a liquidity runway until 2022 even in an unlikely low scenario without any further contracts.
Finland’s Suomen Hyötytuuli Oy is exploring the possibilities of expanding the 44.3 MW Tahkoluoto wind farm offshore Pori. The extension project is in a preliminary study phase, with the environmental impact assessment (EIA) procedure and the zoning about to begin, the developer said. The proposed e
Swedish wave energy developer Waves4Power will install its WaveEL system at the European Marine Energy Centre (EMEC) in 2021. The company has secured EU Interreg Ocean Demo grant, giving it access to EMEC’s power-connected test berths for three years. The grant also allows Waves4Power to deliver and
French energy company and LNG player Total has reportedly secured $14.4 billion funding for its liquefied natural gas export project in Mozambique. The financing deal includes a group of around 20 lenders for the first phase of senior debt funding, Reuters reported on Thursday citing unidentified so
Results from a seismic inversion analysis for Empyrean’s Jade and Topaz prospects, located in Block 29/11 in the Pearl River Mouth Basin, offshore China, gave Empyrean confidence it has a world-class carbonate reservoir with excellent porosity and permeability at both prospects.
Oil and gas company Noreco has appointed David B. Cook as the new Chief Executive Officer with effect from 1 July 2020.
Oceaneering has been awarded a considerable asset integrity contract from a major operator based in Dubai, UAE.
A Polish consortium is to decide on the construction of a small-scale LNG terminal in Gdansk following the completion of a feasibility study. The small-scale LNG project, co-financed by a European Union fund known as the Connecting Europe Facility, is an initiative by Polish energy company Lotos Gro
Two subsidiaries of Malaysia’s engineering services company T7 Global were awarded contracts from Carigali Hess and PTS Resources.
ConocoPhillips has said that Don E. Wallette, Jr. will be retiring as executive vice president and a chief financial officer after a 39-year career with the company.
