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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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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Rystad: Global investments in 2020 to drop to 13-year low

Under Rystad Energy's updated base case scenario of $34 per barrel in 2020 and $44 per barrel in 2021, global ...

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ABS to class new drilling units for Silver Eagle

ABS, a global classification provider, will provide a classification for a series of self-elevating drilling units ...

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Popular news, March 23 – 29, 2020

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

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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 in ...

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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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KenzFigee in offshore cranes pact with Zamil

Zamil Shipyards, part of Zamil Offshore Services, and lifting equipment specialist KenzFigee have signed a ...

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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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Energean's FPSO hull nearly ready for sailaway

Energean expects to see its hull for the Energean Power FPSO sail away from China to Singapore in the coming weeks

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Operator shortens Middle East gig for Shelf Drilling's rig

A contract for the Shelf Drilling-owned jack-up drilling rig operating in the Middle East has been changed to end ...

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AGS bags Middle East OBN survey extension

Axxis Geo Solutions has received an extension for a contract in the Middle East.

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Popular news, March 9 – 15, 2020

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

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Oil prices could fall into low $20s, Rystad says

Oil prices could fall into the low $20s for the global market to rebalance, as Rystad Energy expects an increase in ...

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Rystad: Oil price war could lead to wave of bankruptcies

The total capital and operational expenditure of exploration and production companies (E&Ps) is now likely to be ...

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ADNOC pledges to increase oil supply amid price war

UAE's oil giant ADNOC has decided to step up its efforts and produce more oil, pledging to increase supply to over ...

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Milaha to add new floating dock

Qatari maritime firm Milaha has decided to expand its facilities with the acquisition of a new floating dock to ...

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Popular news, March 2 – 8, 2020

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

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Worldwide offshore rig count in February down 2 rigs Y-o-Y

The worldwide offshore rig count in February 2020 has risen by two units sequentially, but dropped by the same ...

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OPEC to cut output as coronavirus curbs demand

OPEC has recommended the extension of oil production cuts until the end of the year and further cuts until June ...

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Nexans to supply subsea cables for Marjan project

Nexans has been awarded a purchase order to supply cables for the offshore Marjan increment development ...

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Xodus anticipates large decline in oil and coal, rise of gas

International energy consultancy Xodus Group has launched a new analysis showing that a rapid pivot to gas would be ...

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Popular news, February 24 – March 1, 2020

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

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Rystad: Coronavirus to delay FPSOs being built in Asia

The outbreak of the coronavirus is set to cause extensive staffing and supply shortages as well as delays on ...

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