Connecting gears of the energy transition

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

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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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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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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'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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Prosafe to claim full contract value from EnQuest

Following EnQuest's cancellation of mobilization of the Prosafe-owned Safe Zephyrus accommodation rig in the North ...

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Chevron orders umbilicals from Aker Solutions

Aker Solutions has entered into a master agreement to provide umbilicals for the Chevron-operated oil and gas ...

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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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Byron Energy hits pay in Gulf of Mexico well

Oil and gas company Byron Energy has hit oil and gas pay in the F5 well in the Gulf of Mexico but decided to ...

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U.S. weekly offshore rig count stuck at 19

The number of offshore rigs in the U.S. remained unchanged over the last week, according to a Friday report by ...

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W&T submits high bids for two Gulf of Mexico blocks

Houston-based oil and gas company W&T Offshore was the apparent high bidder on two blocks in the Gulf of Mexico ...

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Popular news, March 16 – 22, 2020

Offshore Energy Today's most popular news of the past week.

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Rystad: Coronavirus crisis could slow energy transition

The COVID-19 pandemic has shaken energy markets to the core this year, creating incredible volatility for fuel ...

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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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U.S. pulls in over $93 million in high bids from GoM sale

The U.S. Bureau of Ocean Energy Management has generated over $93 million in high bids for 71 tracts in Federal ...

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Sea Lion partners remain committed to farm-out

Partners in the Sea Lion project, located offshore the Falkland Islands, remain committed to the completion of a ...

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Lankhorst to supply mooring lines for Liza Unity FPSO

Mooring rope specialist Lankhorst Offshore has been awarded a contract by SBM Offshore to supply the mooring lines ...

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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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FPSO hull arrives in Brazil for module integration

Petrobras has informed that the hull of the FPSO P-71 has arrived from China to a Brazilian shipyard for ...

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BW Offshore scores 5-year deal for Gulf of Mexico FPSO

FPSO leasing specialist BW Offshore has signed a five-year contract for the lease and operation of the BW Pioneer ...

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C-NLOPB unveils set of measures to reduce coronavirus impact

Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has revealed its set of measures aimed as 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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Kosmos to suspend dividend, reduce

Kosmos Energy has decided to reduce its capital and operational expenditures as well as administrative costs, and ...

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ExxonMobil moves to cut spending

ExxonMobil is looking to significantly reduce spending as a result of market conditions caused by the COVID-19 ...

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Another oil & gas operator shrinks 2020 budget

U.S.-based oil & gas operator W&T Offshore has reduced its capital expenditure budget for 2020 and that it has ...

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Chairman of Gulf Island Fabrication to retire

The chairman of U.S. offshore facilities fabrication company Gulf Island has decided to retire from his position ...

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