Following the double whammy of the collapse in the oil price and the COVID-19 pandemic, exploration plans are being redrawn and the well count is expected to drop by as much as 35% on 2019 levels.At the start of the year, the high impact well…
Norwegian multi-client offshore seismic data firm TGS has completed the reprocessing of a 21,631-square kilometer regional 2D seismic survey offshore Sakhalin Island, in the Russian Sea of Okhotsk.TGS, a provider of offshore data to exploration & production (E&P) companies…
An offshore worker was injured last week after falling from a height of 3.6 meters aboard the Equinor-operated Oseberg B platform in the North Sea, offshore Norway.The country's offshore safety regulator PSA Norway said Tuesday it had launched…
U.S. oil futures continued to trade in negative territory on Tuesday, after closing down nearly $40 on Monday in their first-ever sub-zero dive, as concerns grew the United States will run out of storage for a glut caused by the coronavirus lockdown…
Shuttle tanker operator KNOT has secured a contract extension for its Torill Knutsen tanker with Italy's Eni.KNOT said Tuesday that Eni had exercised two of its one-year options to extend the time charter of the Torill Knutsen until November 2022…
Dutch company Heerema Fabrication Group has won a contract to build pre-piling templates for the Greater Changhua offshore wind developments in Taiwan.A pre-piling template will be delivered to the company's compatriot Heerema Marine Contractors…
Guyana has attracted interest from several oil trading companies for a contract to serve as the marketing agent for the government's share of the country's crude, despite a plunge in global prices, four people familiar with the matter said.Oil…
London-listed oil company Tullow Oil has appointed Rahul Dhir as Chief Executive Officer and an Executive Director of the Group.Dhir will begin under his new role from July 1, 2020 and Dorothy Thompson, currently, Executive Chair of Tullow will…
A historic rout in oil markets sent U.S. crude prices plummeting to as much as minus $40 a barrel as traders rushed to get rid of unwanted stocks with storage capacity already overflowing amid a coronavirus-induced demand collapse.U.S. West…
U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders paid to get rid of oil.Brent crude, the international benchmark…
Norwegian oil and gas firm Vår Energi will appoint Bjørn Thore Ribesen (49) to a newly created position as VP Field Development & Projects.Ribesen joins Vår Energi as from the position of Senior Vice President, Drilling & Wells in another Norwegian oil firm Aker Energy…
Halliburton Co on Monday joined its bigger rival Schlumberger in taking impairment hits in the first quarter and issued a bleak outlook for North America as oilfield providers grapple with an unprecedented decline in oil prices.Oil prices have…
Energy infrastructure firm Gasunie has joined as a partner at the PosHYdon project - the first offshore green hydrogen pilot being worked on in the Dutch section of the North Sea.PosHYdon integrates three energy systems in the Dutch North Sea: offshore wind…
Brazilian oil company Petrobras has started the binding phase for the sale of its share in the Papa-Terra field located in the deepwater area in the Campos Basin, offshore Brazil.The binding phase starts following a teaser for the sale Petrobras had announced back in February…
After receiving consent from the Petroleum Safety Authority Norway for the extended operation of the Troll B offshore platform, oil firm Equinor has now received the green light from the Norwegian Petroleum Directorate, too.The authorities have…
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