Eidesvik Offshore and Seabed Geosolutions have agreed to amend the contract for the node-handling vessel Subsea Viking, putting it on standby.
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.
There are 27 oil tanker vessels with more than 20 million barrels of crude anchored off the coast of Southern California, waiting to offload their cargoes as coronavirus pandemic shatters demand for oil. “Due to the unique nature of this situation, the U.S. Coast Guard is constantly evaluating and a
Long-time chairman of Russian oil and gas company Lukoil and “founding father” of the Soviet oil industry has passed away following a long illness.
Neptune Energy has drilled a dry well near the Heidrun field in the Norwegian Sea.
DNV GL has issued an international call to oil and gas operators and the supply chain to pilot a methodology that could prove whether the data generated by digital twins can be trusted and if the technology is delivering value.
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.
Norwegian oil major Equinor has decided on a cash dividend of $0.09 per share for the first quarter of 2020, a reduction of 67 per cent compared to the fourth quarter of 2019.
Petrofac is preparing to extend its provision of operations and maintenance services to Repsol Sinopec Resources UK following an enhancement to its existing contract.
PGS has seen its Q1 2020 loss widened, mostly on impairments related to library and sale of non-current assets. The Oslo-listed seismic player reported quarterly loss of $117.5 million, or 32 cents per share on revenues of close to $129 million, against loss of $65 million, or 19 cents per share on
Kosmos Energy has been given a continued listing standard notice from the New York Stock Exchange (NYSE).
Australian gas producer and GLNG operator, Santos reported a 13 per cent decrease in revenue, affected by the slump in oil and gas prices. Santos sales revenue for the January-March quarter fell to $883 million from $1.02 billion a year ago. The Australian company produced 17.9 million barrels of oi
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.
Baker Hughes booked a huge impairment charge in the first quarter of the year resulting in a $10 billion loss for the quarter.
