Mauritius oil spill clean up continues as liability is probed
The oil cleanup from a leaking cargo ship that ran aground off the coast of Mauritius continues while the government and insurance firms begin probing liability for the accident.
The oil cleanup from a leaking cargo ship that ran aground off the coast of Mauritius continues while the government and insurance firms begin probing liability for the accident.
Occidental Petroleum Corp. reported a $6.6 billion writedown in the second quarter, equivalent to more than 40% of its market value, as the collapse in energy prices took its toll on the debt-laden U.S. shale oil producer.
In this month's issue of Petroleum Review, the Energy Institute (EI) examines the transition towards net zero through the eyes of energy professionals, with a particular focus on the oil and gas sector.
Job losses related to the coronavirus pandemic are approaching the 100,000 mark for US oilfield services companies as layoffs continued to mount in July.
Following yesterday’s announcement of Equinor’s appointment of a new CEO, with an increased focus on the energy transition;
Aberdeen Harbour has awards £4.3million worth of contracts for the South Harbour construction project.
Equinor has appointed insider Anders Opedal as its new CEO, replacing Eldar Saetre who is to retire after 40 years in the Norwegian energy company.
An RNLI crew was called out to rescue two people who became “stranded” on the anchor chain of a Cromarty Firth oil rig on Friday evening.
Reabold Resources has abandoned its takeover bid for Deltic Energy, formerly known as Cluff Natural Resources.
“Remote operations” is more than just a buzzword for Xocean’s chief executive, and he’s got the boats to prove it.
A Cromarty Firth boss has replied to rising oil rig noise complaints, saying residents “have chosen to live on the shores of a busy, industrial port”.
Boris Johnson having an ethical dilemma? Oil tourism in Aberdeen? An FPSO being refurbished in Kishorn??
Equinor is selling a 40% operated stake in the huge Bressay field east of Shetland to EnQuest in a deal worth £13m.
Shell has reiterated its “commitment” to the North Sea and West of Shetland, saying there is still “running room” in the region.
Shell CEO Ben van Beurden has said the energy giant will “resize as appropriate” as it moves to become a “simpler and leaner” organisation.
Prosafe has seen the clock run down on its agreement with lenders to extend its loan facilities, but insists it will operate as “business as usual”.
ConocoPhillips managed to eke out a profit in the second quarter, despite the economic fallout from the coronavirus pandemic that has hammered the oil and gas industry.
Shell has posted losses of $18.1billion (£14bn) for the second quarter of 2020 as oil, LNG and gas prices remain depressed.
TechnipFMC has recorded pre-tax losses of £2.4bn for the first half of 2020 thanks to heavy write-downs of its oil and gas assets.
Repsol Sinopec Resources UK (RSRUK) has been hit with a safety warning after an object fell more than 200ft from a crane on the Piper Bravo platform.
Eni has confirmed the presence of a giant gas and condensate field in Block 114 in the Song Hong Basin off Vietnam.
Spirit Energy will pump an additional £13million into a North Sea field to extend its life by another three years.
Petrofac has doubled the size of its offshore wells portfolio in the UK North Sea after winning a new contract with Neo Energy.
Subsea 7 sank to losses of £751million in the first half of the year as it restructures the business with thousands of job cuts.
The Voyageur Spirit FPSO is on its way to the Kishorn Drydocks after leaving Premier Oil’s Huntington field in the North Sea.