Hurricane Energy has confirmed that a crew member on the Aoka Mizu FPSO at the Lancaster field has been evacuated to the mainland for medical reasons and subsequently tested positive for COVID-19.
Valaris has received contract terminations for two rigs operating offshore Angola, one from Total and the other one from Chevron, but has also secured revenue backlog of $100 million.
Joining other oil and gas operators in actions to safeguard their businesses amid coronavirus crisis and the oil price war, Austrian oil and gas company OMV has decided to reduce its investments in 2020 by 20 percent, cut costs by around $217 million, and delay acquisition projects.
Africa’s expected production is set to decline for most of this decade and energy-reliant state budgets to take significant hits, as top planned oil and gas projects were expecting sanctioning under an oil price assumption of between $55-$60 per barrel, according to energy intelligence firm Rystad E
Gastrade of Greece, the developer of a planned offshore liquefied natural gas import facility at Alexandroupolis, said Thursday that gas firms have submitted “satisfactory” binding bids to reserve regasification capacity at the facility. Key gas market players in Greece and southeast Europe, as well
The first two quarters of 2020 look very promising for the tanker markets, according to Nikolas Tsakos, President and CEO of Tsakos Energy Navigation (TEN). The estimate comes at a very turbulent time for tanker owners marked by oil price collapse after the fallout between Russia and OPEC countries
The developers behind the Woodfibre liquefied natural gas (LNG) export project on Canada’s West Coast are pushing back the start of construction. Woodfibre LNG, owned by Pacific Oil & Gas, planned to start construction on a 2.1 million metric tonnes per annum LNG terminal and associated facilities t
Eni has decided to reduce its capex and opex for this year and the next as a result of the coronavirus pandemic and the oil price war. The reductions are mainly related to Eni’s Upstream activities.
Vaalco has completed its 2019/2020 drilling campaign in the Etame Marin permit offshore Gabon, which included three development wells and two appraisal wells that confirmed additional resources.
President and chief executive officer (CEO) of U.S. oil and gas company Murphy Oil has taken a temporary medical leave over coronavirus concerns.
Australia’s 3D Oil Limited and ConocoPhillips have executed a joint operating agreement (JOA) in relation to the offshore Tasmanian Permit T/49P, which satisfies a key condition of the farmout agreement (FOA) signed in December 2019.
Russia’s Sakhalin-2 liquefied natural gas (LNG) export terminal, operated by energy giant Gazprom, has loaded a milestone cargo at its facility in the port of Prigorodnoye. The milestone 1,800th cargo was loaded on Wednesday onto the Hyundai Aquapia LNG carrier. The cargo, purchased by LNG importing
London-listed oil company Bahamas Petroleum Company (BPC) has further pushed back the drilling of its first exploration well in The Bahamas, the Perseverance #1.
More than a million jobs in the oilfield service industry (OFS) are likely to be cut in 2020 due to low project volumes brought upon by the Covid-19 epidemic and the ongoing oil price war, a Rystad Energy impact analysis shows, also revealing that shale services will bear most of the reductions.
