Canadian oil operator Suncor has moved its Terra Nova FPSO and docked it shoreside in Newfoundland after its planned drydock in Spain was canceled due to the COVID-19 outbreak.Suncor and its partners in the Terra Nova field in the Atlantic Ocean off Canada…
Australia's Santos Ltd reported an 18% drop in second-quarter revenue on Thursday due to lower realised prices for its oil and gas, but said production from its core assets was expected to remain steady in the near term.The country's second…
Some oilfield services providers struggling to find work due to the oil industry downturn might replace some of the revenue by providing services in the renewable energy markets. For those in the SURF, maintenance, construction, and installation segments…
Spanish oil and gas firm Repsol posted a quarterly net loss and wrote down $1.5 billion in assets on Thursday as it revised down unusually high expectations for oil and gas prices over the next 30 years.The demand-sapping COVID-19 crisis has…
BHP and the National Gas Company of Trinidad and Tobago have successfully completed negotiations for a Gas Sales Agreement for the Ruby offshore field.The Ruby oil and gas field is located in Block 3(a), off the east coast of Trinidad, and is…
Neptune Energy installed subsea oil and gas production flowlines and gas lift flowlines for its Duva & Gjøa P1 developments in the Norwegian sector of the North Sea.The company said Thursday it had sped up key elements of the development schedule of the subsea tiebacks…
South Korea's SK Innovation has taken over operatorship over the Block 16-2 offshore Vietnam.PetroVietnam Exploration Production Corporation (PVEP) said Thursday that the signing ceremony had been held in Hanoi on Tuesday, July 21.The offshore…
Delek Drilling said on Wednesday the partners in the Tamar natural gas site will start paying taxes on profit in early 2021, which could help Israel move forward with plans to create a sovereign wealth fund.Prime Minister Benjamin Netanyahu…
New York Governor Andrew M. Cuomo on Tuesday announced offshore wind solicitation aimed at developing up to 2,500 Megawatts of renewable energy and complementary multi-port infrastructure investment.The solicitation includes a multi-port strategy…
Italian engineering and construction company Saipem has firmed up its growing presence in the offshore wind supply chain by securing three contracts worth 90 million euros in total at major wind farms being developed in the UK and France.In England…
Two UK-based energy technology firms The Oil & Gas Technology Centre and Offshore Renewable Energy (ORE) Catapult are joining forces in a five-year collaboration aimed at speeding up the UK's transition to a net-zero future.The partnership named Energy Transition Alliance (ETA)…
Baker Hughes Co posted its second consecutive quarterly loss on Wednesday and said it would continue to rein in costs in preparation for a longer period of volatility in oil prices.Oil producers halted the drilling of new wells and drastically…
BBC Onyx multipurpose heavy-lifter has arrived in Taiwan carrying the first batch of foundation components for the Formosa 2 offshore wind farm.'Formosa 2 offshore wind farm loaded-in the first set of foundation components, including pin piles…
The eastern Mediterranean region where a Turkish ship will carry out a seismic survey is part of Turkey's continental shelf, Ankara said on Wednesday, rejecting Greece's accusation that the ship is encroaching on its own shelf.Long-standing…
Italian prosecutors have asked for oil majors Eni and Shell to be fined and some of their present and former executives, including Eni CEO Claudio Descalzi, to be jailed in a long-running trial over alleged corruption in Nigeria.In one of the oil industry's biggest alleged scandals…
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