State-run Qatar Petroleum said Wednesday it has entered into a deal to reserve LNG ship construction capacity in China as part of ongoing North Field expansion projects. QP signed the deal with Hudong-Zhonghua Shipbuilding, a unit of China State Shipbuilding Corporation. The deal potentially worth m
Aker BP has started production from the first Ærfugl phase 2 well in the Norwegian Sea – three years ahead of the original plan.
Offshore drilling contractor Seadrill Limited has named a new member of the company’s board of directors.
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.
Norwegian oil major Equinor has appointed a new executive vice president of its Exploration division.
The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search saw its revenue slip in the first quarter of 2020.
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has decided to investigate a lifting incident involving a personal injury on Equinor’s Oseberg B platform.
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found irregularities during an audit of Equinor’s management of major accident risk and barriers on the Troll A platform.
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.
Italian oil major Eni has extended the charter of KNOT Offshore Partners’ shuttle tanker Torill Knutsen.
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.
The agreement of the members of OPEC and its allies to cut oil production by 9.7 million barrels of crude per day is not believed to be enough to offset the massive demand drop and will certainly have dire implications for the oil tanker shipping market. “The first quarter of 2020 has been one of [&
Giant oilfield services provider Halliburton booked a $1 billion loss in the first quarter of this year compared to a profit in the same period of 2019
