Connecting gears of the energy transition

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

OMV to make budget cuts for 2020

Joining other oil and gas operators in actions to safeguard their businesses amid coronavirus crisis and the oil ...

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Eni defends balance sheet with capex and opex cuts

Italian oil and gas company Eni has decided to reduce its capex and opex for this year and the next as a result of ...

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Murphy Oil CEO on medical leave over coronavirus concerns

President and chief executive officer (CEO) of U.S. oil and gas company Murphy Oil has taken temporary medical ...

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Inpex reviewing investment plans amid oil price decline

Japan's Inpex Corporation is reviewing its investment plans and looking into other cost-reducing measures due to ...

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Equinor reveals plan to cut $3 billion from its spending

Norwegian oil and gas major Equinor has revealed an action plan to battle the impacts of the coronavirus and low ...

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Kvaerner management cuts its salaries

The management team of Norwegian engineering and construction services company Kvaerner has decided to cut its ...

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Chevron trims 2020 spending plan by $4 billion

Chevron has made a decision to reduce its 2020 capital spending plan by $4 billion thereby joining many of its ...

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Teekay Offshore changes name

Teekay Offshore Partners has changed its name to Altera Infrastructure March 24, 2020.

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Lundin reduces costs to mitigate risk

Lundin Petroleum is taking measures to mitigate the impact of the coronavirus and low oil price on its operations, ...

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Asco takes control of waste disposal firm

UK oilfield services provider Asco has acquired NORM Solutions, a provider of specialist cleaning, treatment, and ...

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Total to slash over $2.5 billion from E&P business

In an effort to alleviate the concequences of the recent oil price plunge, French oil major Total has revealed its ...

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Coronavirus crisis forces Aker BP to delay projects

Aker BP is putting on hold all non-sanctioned field development projects, postponing exploration wells and reducing ...

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Shell to cut costs due to coronavirus outbreak

In response to the current market environment, oil major Shell has decided to reduce its operating costs by up to ...

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Seacor Marine takes full ownership in liftboat business

Seacor Marine has acquired the remaining 28% of the equity interests in Falcon Global Holdings that it did not ...

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OKEA to postpone all sanction decisions

As a result of an unprecedented combination of a global pandemic coupled with a dramatic fall in oil prices, ...

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Bristow adapts three helicopters for coronavirus cases

Offshore helicopter operator Bristow has configured three of its helicopters for transporting coronavirus cases. 

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How are you doing? Please let us know and share

The coronavirus is turning our daily lives upside down. Contact with colleagues, customers, and suppliers has ...

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Woodside reducing number of workers at facilities

Australian energy giant Woodside is reducing the number of workers on its facilities in an attempt to minimize the ...

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NOPSEMA transitions to remote work amid coronavirus outbreak

Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has taken steps to ...

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CNOOC chooses new executive director and president

China National Offshore Oil Corporation (CNOOC) has appointed a new executive director and president of the company.

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No dividend and paycuts for top management at Kvaerner

Kvaerner will propose at its upcoming general meeting not paying dividends and a zero increase in the compensation ...

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ConocoPhillips to trim capex by 10 pct

Oil major ConocoPhillips is taking several actions in response to the recent oil market downturn.

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Jersey on track to deliver GBA concept

UK-based oil and gas company Jersey Oil & Gas (JOG) is still on track to deliver the Greater Buchan Area ...

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BW scales down Gabon spending

Due to the current low oil price environment and uncertanties in the market due to the coronavirus outbreak, BW  ...

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KenzFigee expands with new UK subsidiary

Dutch offshore lifting equipment specialist KenzFigee has expanded its services to the UK with the creation of a ...

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Hess shaves off $800 million of its budget

In light of the current low oil price environment and market volatility, U.S. oil and gas company Hess Corporation ...

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Executive changes as Equinor responds to coronavirus

Norwegian oil and gas major Equinor has decided on temporary changes to the corporate executive committee to ...

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