Eni booked a net loss of over $3 billion in the first quarter of the year due to the overlapping effects of the coronavirus pandemic and the oil price collapse.
i3 Energy is in talks with its noteholders to waive its previously agreed condition, requiring it to enter into a lending facility or find alternative means to fund its Liberator development by the end of April.
Maersk Drilling has decided to stack a number of its North Sea drilling rigs to adapt to the changing market environment.
Neptune Energy has drilled a dry well near the Heidrun field in the Norwegian Sea.
Australia-based Triangle Energy has identified three key opportunities that could be drilled and developed from the existing Cliff Head Alpha platform offshore Western Australia.
Valaris has seen a number of its drilling contracts terminated and day rates slashed as oil and gas operators are looking to reduce costs.
Singapore’s offshore rig builder Keppel Offshore & Marine has delivered a newbuild jack-up rig, named Hild, to Borr Drilling.
The U.S. Securities and Exchange Commission is closing its investigation into Eni related to its involvement into a license located offshore Nigeria as well as its activities in Congo.
The study commissioned by DeepGreen examines how we can source the massive amount of mineral resources required for a wholesale move away from fossil fuels with the least amount of damage to the planet. As calls for a transition to renewable energy and electric transport grow louder in the face of i
Aker BP has started production from the first Ærfugl phase 2 well in the Norwegian Sea – three years ahead of the original plan.
Jadestone is further reducing its 2020 capital expenditure guidance due to the collapse of the global crude oil benchmarks and the impact of the coronavirus crisis on global oil demand and potential for prolonged oversupply.
Exploration plans are being redrawn and the well count is expected to drop by as much as 35 per cent on 2019 levels due to the “double whammy” of the oil price collapse and COVID-19 pandemic, according to market research provider Westwood Global Energy Group.
TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction and Installation contract by Woodside for the development of the Lambert Deep and Phase 3 of the Greater Western Flank fields, offshore Australia.
With the reality that Brent oil prices are scratching closer and closer to $20 per barrel, shut-ins are already happening around the world. Even if prices reach this threshold, the UK will avoid shut-ins and exploration is likely to continue in 2020.
