Connecting gears of the energy transition

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

Wintershall Dea strikes oil near Maria field

Wintershall Dea Norge has made an oil discovery near the Maria field in the Norwegian Sea. 

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GALLERY: World's largest crane vessel lifts Equinor module

The world's largest semi-submersible crane vessel has lifted a module for Equinor's Snorre A platform from the ...

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Fugro in 'painful' workforce cuts as coronavirus bites

Fugro will implement a hiring and salary freeze as well as reducing its workforce due to the COVID-19 pandemic and ...

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Petrofac to reduce its headcount by 20 pct

Petrofac will reduce its capex by 40%, reduce salaries across the company, and reduce its personnel by about 20%.

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SpotOn Energy gains exclusivity for Barryroe farm-in

Providence Resources has moved to raise about $3 million through the issue of new shares and entered into an ...

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Aker BP makes minor gas discovery near Skarv field

Aker BP has made a minor gas discovery southwest of the Skarv field in the Norwegian Sea. 

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Neptune sets new carbon intensity reduction target

Neptune Energy has revealed its targets to reduce carbon and methane intensity by 2030 from the managed production ...

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Popular news, March 30 – April 5, 2020

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

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Worldwide offshore rig count in March drops by 4 rigs Y-o-Y

The worldwide offshore rig count in March 2020 has dropped four rigs sequentially and year-over-year, according to ...

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PGS to cold-stack two seismic vessels

PGS has decided to cold-stack two of its seismic vessels amid what it called 'unprecedented challenges' for the ...

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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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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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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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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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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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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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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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Solstad, Ocean Yield further extend standstill for AHTS duo

Ocean Yield, a ship owning company with investments in vessels on long -term charters, has agreed to extend the ...

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