Despite a recently announced planned capital raising, Australian-listed Oil Search, which has major stakes in Papua New Guinea’s emerging LNG sector, is a prime takeover target, as mergers become more likely in a low oil price world.
Oilfield services giant Halliburton will “significantly reduce” its workforce in the coming weeks, according to chief executive Jeff Miller.
BP has cancelled a planned controlled source electromagnetic (CSEM) survey off Mauritania and Senegal, that was due to be carried out by Electromagnetic Geoservices (EMGS).
San Leon Energy has received $40 million under its loan notes agreement in Nigeria, while changing the terms of its lending.
North Sea oil firm Ithaca Energy will cut its 2020 capital expenditure in half to £97 million in response to the crude price drop and Covid-19 outbreak.
Wintershall Dea has made an oil discovery at the Bergknapp prospect in the Norwegian Sea, close to the Maria field.
Most people in the oil and gas industry will be aware of the term “functional safety”.
The North Sea should not run “into a pit of lowest price bidding” just because the supply chain is stressed with the oil price drop, according to the chief operating officer of Independent Oil and Gas (IOG).
The UK Government has been ordered to pay the costs of Greenpeace seeking a judicial review after it rubber-stamped BP’s drilling plans for a North Sea field without telling the public.