KrisEnergy has completed the sale of its participating interest in the Andaman II PSC located in the Malacca Strait, offshore Indonesia, to BP.
Golar LNG received a force majeure notice from a BP unit seeking to delay taking delivery of the floating liquefied natural gas facility Gimi by a year. The floating LNG facility is destined for BP’s Greater Tortue Ahmeyim project on the maritime border of Mauritania and Senegal. BP was expected to
Oil major ExxonMobil is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic.
The Borssele Beta offshore substation topside has been installed at the project site in the Dutch North Sea. The topside sailed out from HSM Offshore’s yard in Schiedam at the end of March to the site but was awaiting favorable weather conditions to be installed. Borssele Beta will connect the 731.5
Norway’s Hoegh LNG will stop paying dividends to investors as part of a move in reducing costs due to the uncertain environment caused by the coronavirus pandemic. Hoegh’s board has decided to suspend dividends, bonus scheme for executive management and onshore personnel until further notice, the fl
Papua new Guinea-focused LNG producer Oil Search is looking to raise up to A$1.16 billion ($700 million) through a discounted share sale to weather a prolonged period of low oil prices. Oil Search, which owns a 29 per cent interest in the PNG LNG project, said on Tuesday the raising would be conduct
French liquefied natural gas containment specialist GTT has appointed Eric Dehouck as deputy chief executive officer. Dehouck will support the acceleration of GTT’s development and will assist Philippe Berterottière in his responsibilities as chairman and CEO of GTT, the company said in a statement.
Hong Kong-based dry bulk shipping company Pacific Basin will pause its fleet expansion plans amid the ongoing market uncertainty caused by the coronavirus pandemic. Pacific Basin was very vocal about its fleet growth plans and was eager to pursue Japanese-built second-hand bulkers, Suezmaxes in par
MingYang Smart Energy and Goldwind have been selected to provide wind turbines for the 200 MW Shanghai Fengxian Phase 1 offshore wind farm in the East China Sea. Located in the north side of Hangzhou Bay some 12 kilometres off the coast, the 400 MW Fengxian offshore wind project comprises four block
Norwegian seismic services company EMGS has noted an extremely low vessel utilization for the first quarter of 2020 due to project cancelations, which ensued following the recent oil price drop and the coronavirus pandemic. As a result, one of EMGS’ vessels is up for a cold-stack.
Oil and gas company Ithaca Energy has more than halved its capital expenditures for the year due to the double threat posed by the coronavirus pandemic and the sharp oil price drop.
China Three Gorges New Energy (CTGNE) plans to launch an initial public offering (IPO) of its A shares at a total value of CNY 25 billion (approximately EUR 3.3 billion), with most of the raised funds to be used to invest in seven offshore wind projects.
The African Energy Chamber, a chamber of networks, transactions, and partnerships at the helm of Africa’s growing energy industries, has urged OPEC and OPEC+ to reach a deal on ending the oil price war which has sent the oil price tumbling to historic low levels.
In line with its objective to divest $5 billion during 2019-2020, Total is pursuing the divestments of several non-core assets in both exploration and production (Brunei) and marketing & services (Sierra Leone and Liberia).
