Dutch offshore survey firm Fugro has won what it says is 'a large marine survey contract' with Inpex offshore Indonesia.Fugro has been contracted to carry out geophysical and geotechnical surveys and the associated studies needed to support…
Oil fell on Thursday as the coronavirus epidemic showed no signs of slowing, with deaths mounting globally, and while major producers agreed on deeper output cuts to bolster prices, they could not immediately secure Russian support for the decision…
Aker BP and Framo have signed a first long-term frame agreement for the preventive maintenance of seawater lift pumps, a deal in which “compensation is directly linked to facility uptime”, the operator said in a release Monday.While the “seawater lift as a service” agreement might sound “smart”…
British North Sea-focused oil and gas producer Premier Oil has committed to carbon-neutral operations at its fields by 2030, reporting a record free cash flow of $327 million last year, up around 30% and boosted by its flagship Catcher field…
Norwegian offshore seismic data company TGS has said that processing of the northern half of its landmark ocean-bottom node (OBN) multi-client Utsira survey in the Norwegian North Sea is complete and has been delivered to pre-funding customers…
The Dutch government on Wednesday said it would double the amount of money available under its renewable energy subsidy program to 4 billion euros ($4.45 billion) in 2020, from a previously planned 2 billion euros.The Netherlands is scrambling…
Oslo-listed BW Energy has started oil production from the Tortue Phase 2 field development project in the Dussafu Marin Permit offshore Gabon.The Gamba well DTM-5H was successfully brought online as of 4 March, ahead of schedule. The second well…
Lukoil shook up its oil production business on Wednesday, promoting a low-profile executive and splitting the role of a veteran of Russia's top private oil producer, who is seen as a possible future leader. đRussia's second-biggest oil producer…
Norwegian offshore vessel owner Island Offshore has informed that its Island Victory installation vessel – delivered in February – has finished mobilizing for its first campaign in the Barents Sea.Island Offshore said that the versatile vessel…
Output at Norway's Johan Sverdrup oilfield will rise to 433,000 barrels per day (bpd) in April from around 350,000 bpd at the end of last year, according to a schedule seen by Reuters which operator Equinor shared with oil traders. The first…
Danish offshore wind developer Ørsted has increased its full-year guidance by DKK 1 billion ($148,8 million) and now expects EBITDA excluding earnings from new partnership agreements to be DKK 16-17 billion ($2,38 billion - $2,53 billion) in 2020…
Brent oil prices steadied on Wednesday, paring early gains as markets assessed whether deeper output cuts by major producers would be enough to offset the impact of the coronavirus outbreak. Brent crude was down by 1 cent at $51.85 a barrel at 0915 GMT…
Malaysian energy services firm Uzma has a contract with Shell for plugging and abandonment work offshore Malaysia.Under the letter of award signed with Shell's subsidiaries in Malaysia, Uzma will provide platform wells plug and abandonment campaign…
Oilfield services giant TechnipFMC has won a front end engineering design (FEED) contract for the development of the offshore IM gas condensate field at Etinde, Cameroon. The Etinde Permit (former Block 7) lies in shallow water in the Rio del Rey Basin…
ExxonMobil on Tuesday called for tighter regulation of the greenhouse gas methane and offered up its own in-house rules as a model for companies and lawmakers worldwide.The largest U.S. oil company laid out the guidelines it follows - some of…