Shanghai-based SWS shipyard has delivered two newbuild platform supply vessels to Sinoocean.The vessels the 'Guo Hai Min Xing' and the 'Guo Hai Min Sheng' - both of the ULSTEIN PX121 design - are operating for COSL – China Oilfield Services Limited…
Brazilian oil giant Petrobras said on Friday that its cash burn could reach $1 billion a month in periods of extreme stress and volatility, noting the current level of uncertainty in being able to accurately predict spending.The state-owned firm…
Gulf Marine Services, a jack-up service vessel provider, has secured a renewable energy contract with an unnamed UK offshore renewables operator, and an extension of another contract.GMS said the newly won contract was for six months (firm period…
OMV Norge, a Norwegian subsidiary of Austria's OMV, has received approval from the Petroleum Safety Authority Norway to drill at the Hades prospect in the Norwegian Sea.'We have given OMV (Norge) AS consent for exploration drilling in block 6506/11 in the Norwegian Sea…
Two U.S. associations representing interests of the country's oil and gas workers have called for the U.S. Government to 'to recommend and direct the allocation of COVID-19 test kits and quick response testing and analytical equipment to the offshore oil and gas community…
Norwegian offshore vessel owner Solstad Offshore has said it has won contracts for two of its vessels.First, the company's Brazilian flagged construction support vessel Far Saga has been awarded a contract with Petrobras in Brazil.The contract is for a period of 3 years firm…
Oil prices settled 5% higher on Friday in their second consecutive week of gains as U.S. producers cut production with the number of drilling rigs falling to a record low, and as more states moved ahead with plans to relax lockdowns intended to halt the coronavirus pandemic…
Ghana has directed Eni SpA and Springfield E&P to begin talks to combine their adjacent oil and gas fields, according to a letter seen by Reuters.The April 9 letter from Energy Minister John-Peter Amewu to the two companies says seismic data indicates that Eni's Sankofa offshore field…
Aker ASA, a major investor in Norway's oil and oil service industries, is preparing its businesses for an extended period of low crude prices, its chief executive said on Friday'I don't expect the oil market to come into balance during the next couple of years…
Aker Energy, a Norwegian oil company focused on Ghana's offshore resources, has appointed a new CEO.Aker ASA, Aker Energy's parent company, said Friday in its first-quarter report that Håvard Garseth took over as Aker Energy's CEO in April.Prior…
China's Shanghai Waigaoqiao Shipbuilding has this month delivered the newbuild jack-up Energy Edge to its owner Northern Offshore.The delivery of the CJ-50 design jack-up drilling unit took place in Shanghai on May 2.According to previous reports…
U.S. oil major Chevron has awarded pipeline operator Williams a contract for the provision of offshore natural gas transportation services for the Anchor development in the U.S. Gulf of Mexico.Anchor, sanctioned in December 2019, is located…
Exxon Neftegaz Ltd (ENL) is adjusting the schedule and scope of some of its activities at the Sakhalin-1 oil and gas project in far eastern Russia as it moves to cut spending in response to the coronavirus crisis and weak oil prices, it said on Friday…
Pacific Drilling's drillship Pacific Santa Ana has been placed on a reduced standby rate, the drilling company said in its first-quarter report on Thursday, leaving the company with only one rig actually working at the moment - the Pacific Khamsin…
Shell Midstream Partners said on Thursday it is offering storage in its Mars Sour crude cavern on the U.S. Gulf Coast, as offshore producers are not cutting output like onshore shale drillers despite the oil price downturn caused by the coronavirus pandemic…
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