The Covid-19 pandemic and energy transition are expected to expedite peak oil demand to 2028 and cut demand levels to 102 million bpd, according to Rystad Energy.
Oil and gas company CNOOC Limited has started production from the Liuhua 29-1 gas field in the South China Sea.
Offshore drilling contractor Dolphin Drilling has secured a new combined contract with Norwegian oil and gas operator DNO Norge.
Norwegian oil and gas major Equinor has revealed its ambition to become a net-zero company by 2050 as its new boss is taking over his position.
UAE-based offshore oil rig builder Lamprell has been awarded a medium-sized contract by International Maritime Industries (IMI) for engineering design services.
BW Energy has concluded on an alternative development plan for the Hibiscus/Ruche field in the Dussafu license off Gabon, using a converted jack-up rig.
Norwegian oil major Equinor has made a minor gas discovery near the Maria field in the Norwegian Sea.
The number of offshore rigs in the U.S. remained steady last week but dropped nine units year over year, according to a Friday report by Baker Hughes.
Oil major BP has started drilling the Ironbark-1 well located offshore Western Australia.
As crews began returning to U.S. Gulf of Mexico offshore facilities on Thursday following Hurricane Zeta, companies are feeling this year’s repeated oil and gas production halts.
U.S. oil major ExxonMobil could cut its global workforce by about 15 per cent, as the Covid-19 pandemic batters energy demand and prices.
Japanese supplier and operator of offshore floating platforms MODEC has commissioned MAN Energy Solutions to supply a total of five radial compressor and two screw compressor trains for the first Brazilian offshore gas extraction project of the end customer Equinor.
U.S. oil major ConocoPhillips recorded a loss in the third quarter of 2020 compared to a profit in the same period last year.
Canadian oil and gas player Cenovus Energy has decided to cut between 20 and 25 per cent of its workforce after the acquisition of Husky Energy.
