Under Rystad Energy’s updated base case scenario of $34 per barrel in 2020 and $44 per barrel in 2021, global capital expenditure for exploration & production firms is expected to drop by up to $100 billion this year, about 17% versus 2019 levels.
Japan’s Asahi Tanker plans to build the world’s first two zero-emission electrically powered tankers.
UK oil and gas company EnQuest has received approval from the UK authorities for its decommissioning plan for the FPSO working on the Alma and Galia fields off the UK as well as associated subsea installations and pipelines.
All American Marine is to complete the aluminum construction of a hydrogen-powered, electric drive vessel.
Australia’s Cooper Energy has informed that its operated Sole gas field, located offshore Australia, is now producing gas to the Eastern Gas Pipeline.
Minerva Gas, the Greek LNG carrier owner and operator, has made further progress with its newbuilding program.
A Liberia-flagged containership ran aground in the Mississippi River on March 27.
Norwegian Ministry of Petroleum and Energy has proposed to include 36 new blocks in this year’s licensing round in the well-known parts of the Norwegian Continental Shelf – Awards in Predefined Areas (APA) 2020.
Liquefied natural gas (LNG) shipper GasLog said it has launched a newbuild vessel at the South Korean Samsung Heavy Industries shipyard. The LNG carrier named GasLog Georgetown was launched at the Korean yard on March 28, according to GasLog. GasLog says the delivery of the newbuild is expected in O
Malaysian FPSO provider Yinson has signed contracts with Petrobras for the delivery, operation, and maintenance of the Marlim 2 FPSO.
Svitzer, a global towage operator and part of Maersk, has secured a five-year extension of its marine service contract with NuStar, one of the largest liquid terminals and pipeline operators in North America. The company will support NuStar’s Point Tupper Oil Storage facility with three tugs on time
McDermott has been awarded a sizeable contract by BHP to provide pre-FEED services for a floating production unit (FPU) that will be installed at the Trion field offshore Mexico.
Aker Solutions, in a joint venture with PTAS Sdn Bhd, has signed a five-year agreement to provide offshore maintenance and modification services to Shell in Brunei.
Finnish Konecranes has unveiled intentions to temporarily lay off some 2,000 employees as a result of coronavirus impact on the company’s operations. The company said it has invited Finnish works council representatives to negotiations regarding the layoffs which would cover all of Konecranes’ Finni
