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).
Sumitomo Electric Industries has started working on its part of the project to build offshore wind farms off Akita Port and Noshiro Port in Akita Prefecture – the first large-scale commercial offshore wind project in Japan.
Remote ship surveys and inspections have become increasingly popular amid the coronavirus crisis.
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has begun an assessment of Santos’ environment plan for the operations of the Ningaloo Vision FPSO located off Australia.
Deugro has completed loading the second shipment of wind turbine towers for the SeaMade offshore wind farm at the Port of Avilés in Spain.
The world’s largest semi-submersible crane vessel, Heerema’s Sleipnir, has lifted a module for Equinor’s Snorre A platform from the quayside at Aibel’s yard in Haugesund, Norway, ahead of its transportation and installation in the North Sea off Norway.
On Friday, 3 April, EnBW marked the ninth year of operation of its Baltic 1 offshore wind farm – Germany’s first commercial scale offshore wind farm.
Australia’s top power and gas retailer, Origin Energy, noted that to date there has been no material impact on the company’s energy supply operations amidst the COVID-19 outbreak. Most of Origin’s workforce is working from home and only roles critical to maintaining energy supply remain at the site,
Petrofac is joining other providers in actions responding to the unprecedented market conditions. As a result, Petrofac will reduce its capex by 40%, reduce salaries across the company, and reduce its personnel by about 20%.
Providence Resources has moved to raise about $3 million through the issue of new shares and entered into an exclusivity deal for the farm-out of the Barryroe field, located offshore Ireland, with SpotOn Energy.
