Connecting gears of the energy transition

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

ONGC achieves first gas from project off India

Early first gas has been achieved on ONGC's 98/2 Block located in the Krishna Godavari Basin, offshore India.

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Rystad: Rig utilization in Southeast Asia set for decline

Southeast Asia’s rig market, which was poised for growth in 2020, is now set for a decline. Several oil companies ...

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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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Petrobras firms up deals for Marlim 2 FPSO with Yinson

Malaysian FPSO provider Yinson has signed contracts with Petrobras for the delivery, operation, and maintenance of ...

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Shell taps Aker Solutions for brownfield services in Brunei

Aker Solutions, in a joint venture with PTAS Sdn Bhd, has signed a five-year agreement to provide offshore ...

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Charter for BW's FPSO with Petrobras expires

BW Offshore has stated that the charter agreement and services agreement for the FPSO Cidade de São Mateus with ...

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Tendeka wins completion job on Mubadala's Thai fields

Independent completions service company Tendeka has signed a three-year contract with Mubadala Petroleum to supply ...

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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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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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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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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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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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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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Jadestone delays gas project off Vietnam

Jadestone Energy has decided to delay its gas development project offshore Vietnam due to the current market ...

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Tendeka inks four-year deal in Malaysia

Global oil and gas solutions provider Tendeka has secured a four-year contract to supply its zonal isolation ...

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Yinson seals the deal for Vietnam FPSO

Malaysia's FPSO operator Yinson has finally managed to secure a more long-term deal for its Lam Son FPSO, which is ...

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L&T to investigate incident after two workers injured

India's L&T Hydrocarbon Engineering has launched an investigation into a recent offshore incident on a heavy lift ...

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CNOOC makes large oil discovery in Bohai Bay

CNOOC Limited has made a large-sized discovery Kenli 6-1 in Bohai Bay, which is expected to be the first ...

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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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Husky defers two offshore projects

Husky Energy has decided to cut its 2020 capital spending by $900 million in upstream spending and an additional ...

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Chevron closes sale of gas project in Philippines

Udenna Corporation has completed the acquisition of Chevron's interest in Service Contract 38 in the Philippines, ...

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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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