Connecting gears of the energy transition

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

Worker evacuated from FPSO tests positive for coronavirus

Hurricane Energy has confirmed that a crew member on the Aoka Mizu FPSO at the Lancaster field has been evacuated ...

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Valaris gets two contract terminations in Angola

Offshore drilling contractor Valaris has received contract terminations for two rigs operating offshore Angola, one ...

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Cairn makes 'significant' reductions to capex

Cairn Energy has made significant reductions and deferrals regarding its 2020 program, representing an overall 23 ...

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Oil price drop, coronavirus push EMGS into cost-saving mode

Sharp oil price drop and the global coronavirus pandemic have pushed Norwegian seismic survey company EMGS to ...

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Magseis Fairfield pens deepwater OBN project offshore Mexico

Contrary to current trends of contract cancelations due to the oil price drop and coronavirus spread, seismic data ...

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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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Rystad: Oil price drop to slash African state budgets

Africa’s expected production is set to decline for most of this decade and energy-reliant state budgets to take ...

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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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Vaalco wraps up drilling campaign off Gabon

Vaalco has completed its 2019/2020 drilling campaign in the Etame Marin permit offshore Gabon, which included three ...

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ConocoPhillips to take operatorship of Australian permit

Australia's 3D Oil Limited and ConocoPhillips have executed a joint operating agreement in relation to the offshore ...

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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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AGS in North Sea contract cancellation

Axxis Geo Solutions (AGS), a Norwegian ocean bottom node seismic company, has received a cancellation of a small ...

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Coronavirus spread pushes Bahamas well to October

Bahamas Petroleum Company (BPC) has further pushed back the drilling of its first exploration well in The Bahamas, ...

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Rystad: Over million oilfield jobs on the line

More than a million jobs in the oilfield service industry (OFS) are likely to be cut in 2020 due to low project ...

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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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FAR suspends Gambian drilling plans

Australian oil and gas company FAR Limited has temporarily suspended its plans to drill an exploration well ...

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Woodside mulls cost cuts for Sangomar project

Woodside is exploring how the costs for its Sangomar development, located offshore Senegal, can be reduced and ...

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Golar awards FLNG job to Oceaneering

Oceaneering has been awarded a contract by Golar LNG for an FLNG vessel maintenance build, and inspection and ...

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Connecting gears of the energy transition  

Together with other Navingo platforms, Offshore Energy Today is moving into a new home, which will be launched on ...

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Maersk drillship's gig with Tullow cut short

Maersk Drilling has received a notification from Tullow Oil of early termination for convenience of the drilling ...

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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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'Two-thirds of O&G project sanctioning could face delays'

The effects of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent ...

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Husky freezes activities on West White Rose project

Canadian oil and gas company Husky Energy will begin a systematic and orderly suspension of major construction ...

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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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