OKEA sank deeper into the red in the first quarter of the year affected by lower oil and gas prices and sales volumes resulting in impairments of over $60 million.
The negative effects of the global recession caused by the public health crisis did not substantially impact Petrobras’ production and sales performance in the first quarter, according to the Brazilian oil company’s production and sales report.
BW Offshore has signed an agreement with Petrobras for an extension for the lease and operation of BW Cidade de São Vicente.
BP reported a significant decline in its quarterly profit due to lower prices and the destruction of oil demand by the coronavirus crisis.
Due to the coronavirus pandemic, Hurricane Energy has received an extension of a deadline to plug and abandon the Lincoln Crestal well off the UK, which will allow it to gather more data and further insight into the reservoir behaviour.
Dolphin Drilling will carry out a programme of North Sea drilling work for Wellesley Petroleum.
The tanker market has never been so strong, according to Herbjørn Hansson Chairman & CEO of Nordic American Tankers (NAT). The company, which owns and operates Suezmax tankers, is cashing in on the market bonanza and unprecedented demand for floating storage. Namely, big oil companies the likes of E
Petronas has refuted allegations in news reports stating the company has deactivated 14 rigs and shut down 14 projects.
The last two modules for Equinor’s Johan Castberg FPSO turret mooring system have sailed away from Dubai to Singapore.
Affected by coronavirus costs and provisions, Kvaerner sank to a loss in the first quarter of the year compared to a profit in the year-before quarter.
Houston-based oil and gas company Vaalco Energy has received a continued listing warning from the New York Stock Exchange (NYSE).
The UK’s oil and gas industry regulator, Oil and Gas Authority (OGA), has named two new non-executive directors to its board of directors.
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.
Oil and gas company Perenco has submitted its draft decommissioning programs for four Amethyst gas field topsides to the UK authorities.
