Connecting gears of the energy transition

The energy transition is one of the greatest challenges of our time

Not much wiggle room to cut supply chain costs, Rystad says

In the downturn of 2020, global E&P operators will only be able to cut supply chain costs by up to 12%, a Rystad ...

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Triangle in cost-cutting efforts amid oil price slump

Triangle Energy has joined many other oil and gas companies in efforts to preserve financial stability amid low oil ...

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Energean and Edison exclude Algerian assets from E&P deal

Energean Oil and Gas and Edison have agreed to exclude Edison E&P's Algeria assets from the previously agreed ...

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Tullow identifies further cost savings

Tullow Oil has identified further cost savings while its lenders have approved its credit facility with a $1.9 ...

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Energean Power FPSO hull heads to Singapore

A hull for the Energean-owned Energean Power FPSO sailed away from the COSCO yard in China on Thursday, April 3, 2020.

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Oil price drop pushes Lekoil into cost-cutting mode

Africa-focused oil and gas company Lekoil has approved the immediate and accelerated implementation of the ...

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Petronas hires second Alam Maritim AHTS this year

Alam Maritim Resources has been awarded a work order for the provision of anchor handling tug and supply (AHTS) for ...

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Apache in second oil discovery off Suriname

Apache Corporation has made a 'significant oil discovery' at the Sapakara West-1 well drilled offshore Suriname on ...

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Salary, headcount, and capex reductions at Wood

Wood has decided to implement salary, headcount, and capex reductions as a response to the volatile market ...

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Total charters Havila platform supplier

Havila Shipping has agreed another contract with Total in the UK for the platform supply vessel Havila Commander. 

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Petrobras trims oil output as low demand bites

Petrobras has joined numerous oil and gas operators in actions to reduce costs amid low oil price environment and ...

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TechnipFMC plans 30 pct reduction in 2020 capex

Oilfield services company TechnipFMC is taking a set of actions in response to the current market environment, ...

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OGA boss to stay onboard for another two years

Andy Samuel will continue as the chief executive of the Oil and Gas Authority (OGA) for an additional period of two ...

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Woodside gets regulatory nod for Scarborough project

Australian regulator has accepted an offshore project proposal from Woodside to develop the Scarborough gas fields ...

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Apache doubles cost savings estimate

Houston-based oil and gas company Apache Corporation has revealed it would be making greater cost reduction in 2020 ...

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Contract cancellation for Eidesvik's seismic vessel

Seabed GeoSolutions, a joint venture between Fugro and CGG, has opted to return the Vantage seismic vessel to ...

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PGS wraps up Kwanza survey off Angola

Seismic services provider PGS has completed the acquisition on its MC3D Kwanza Shelf survey offshore Angola.

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TGS to start new Atlantic Margin survey this summer

Norwegian seismic player TGS has decided to start work on the industry-funded Atlantic Margin 20 (AM20) 3D ...

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PSA finds irregularities in 'West Bollsta' AoC application

Norwegian offshore safety watchdog has found irregularities regarding an application for the Acknowledgement of ...

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AqualisBraemar opens new office in UK

Engineering services company AqualisBraemar has set up a new office in the Port of Tyne to support its developing ...

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Alfa Laval inks maintenance deal with Aker BP

Alfa Laval, a provider of specialized products and engineering solutions, has signed a maintenance agreement for ...

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Prosafe still in talks with lenders for long-term solution

Prosafe is still working with its lenders to come up with a financial solution to ensure the company's long-term ...

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ONGC achieves first gas from project off India

Early first gas has been achieved on ONGC's 98/2 Block located in the Krishna Godavari Basin, offshore India.

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Aker Solutions in temporary layoffs over market slowdown

Aker Solutions has revealed a package of measures to mitigate the effects of the coronavirus and sharp oil price ...

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Subsea 7 braces for coronavirus impact

Due to the general uncertainty in the world and for the industry caused by the coronavirus and the collapse in ...

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BP boss says no job cuts in next three months

BP has underlined there will be no layoffs in the next three months as a result of coronavirus cost-cutting. 

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FPSO deal termination for Yinson as Aker Energy defers Pecan

Aker Energy has postponed the development of its Pecan field, located offshore Ghana. As a result, Aker Energy ...

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