Cairn Energy has made significant reductions and deferrals regarding its 2020 program, representing an overall 23 percent reduction in capital expenditure for the year.
Fincantieri will further extend the work stoppage at all its military and cruise vessel production plants and offices.
The Green Maritime Methanol consortium achieves a new project milestone.
Sharp oil price drop and the global coronavirus pandemic have pushed Norwegian seismic survey company EMGS to operate in a low-cost setup to preserve sufficient liquidity.
Valaris has received contract terminations for two rigs operating offshore Angola, one from Total and the other one from Chevron, but has also secured revenue backlog of $100 million.
Australia’s Woodside is postponing final investment decisions for its Scarborough, Pluto Train 2 and Browse liquefied natural gas growth projects worth more than $50 billion in a response to the oil price crash and the COVID-19 pandemic. Woodside announced a number of measures on Friday which includ
Simeon Palios, chairman and CEO of Greek shipowner Diana Shipping, has tested positive for the coronavirus.
Africa’s expected production is set to decline for most of this decade and energy-reliant state budgets to take significant hits, as top planned oil and gas projects were expecting sanctioning under an oil price assumption of between $55-$60 per barrel, according to energy intelligence firm Rystad E
Gastrade of Greece, the developer of a planned offshore liquefied natural gas import facility at Alexandroupolis, said Thursday that gas firms have submitted “satisfactory” binding bids to reserve regasification capacity at the facility. Key gas market players in Greece and southeast Europe, as well
The coronavirus pandemic has practically paralysed the ship demolition market in South Asia as lockdown measures continue to be introduced across the subcontinent. Pakistan suspended all beaching and boarding of vessels at Gadani ship recycling yards last week for four weeks. All ship recyclers have
Equinor has awarded the offshore and engineering consultancy, Global Maritime, with a contract to provide Marine Warranty Survey services for the Hywind Tampen floating offshore wind project in the Norwegian North Sea. The project is still awaiting PUD approval but the intention is to start soon wit
The number of Maersk employees working from home has increased considerably amid lockdown measures implemented across Europe and Asia to contain the coronavirus pandemic. “I am proud to experience how this transition has been managed rapidly by our teams without any major impact on our ability to ke
MAN Cryo, a MAN Energy Solutions’ marine LNG fuel-gas-system manufacturer, has been contracted to develop a liquefied methane terminal in Oxelösund, Sweden.
The developers behind the Woodfibre liquefied natural gas (LNG) export project on Canada’s West Coast are pushing back the start of construction. Woodfibre LNG, owned by Pacific Oil & Gas, planned to start construction on a 2.1 million metric tonnes per annum LNG terminal and associated facilities t
