Transocean Deepwater plans to lay off as many as 110 workers after the Houston offshore driller could not secure a new contract for one of its drillships amid low oil prices.
Oil & Gas
Namibia continues to expect hydrocarbons to be discovered offshore, but in the meantime is working on energy transition plans.
Sonatrach has brought a fire at the El Merk processing plant under control.
IN-VR kicks off its Africa Upstream, Gas & LNG Summit this morning.
Exxon Mobil Corp. plans to lay off an unspecified number of employees as low oil prices force the company to delay major projects, Chief Executive Officer Darren Woods said in an email to staff.
TechnipFMC enjoyed its strongest quarter of the year for new orders in the three months ended September 30, booking in $2.2 billion of new deals.
Shipyards are facing “brutal” $15.2billion (£11.6bn) losses over new-build offshore drilling rigs that no one wants, according to Bassoe Offshore.
Trade union chiefs said yesterday that offshore workers have “a lot of concern” about North Sea firms’ ability to keep a lid on Covid-19 while increasing crew numbers on platforms.
Canada’s Suncor Energy Inc. is exploring the sale of a handful of oil and gas fields in the North Sea, according to people with knowledge of the matter.
Tullow Oil has reached a binding tax agreement with Uganda, which should allow it to close a sale to Total shortly.
South Africa has approved Afro Energy to produce gas from its ER56 and ER38 licences for two years.
Baker Hughes has said it remains “intensely focussed" on improving its "margin and return profile" as it stayed deep in the red in the third quarter.
Israel and the United Arab Emirates have opened talks over an oil pipeline linking the Red Sea with the Mediterranean, whose operations Israeli officials treat as top secret.
The UK’s workplace safety watchdog has accused two offshore energy sector firms of putting crew at “serious risk” of catching Covid-19.
South Africa’s Transnet Pipelines has contained a crude oil spill in Durban caused by attempted theft.
A Nigerian protest movement calling for changes to policing has received support from a group of Niger Delta militants, while coming under fire in Lagos.
Total has chosen a Maersk Drilling vessel for a three-well campaign in Angola's block 17, handing the Danish firm a $30 million deal.
Increasing manning levels offshore is the "only way" the North Sea sector will be able to clear its growing maintenance backlog, according to oil and gas safety chiefs.
Oil giant BP has appointed liquidators for one of the oldest companies in Scotland after nearly 135 years in operation.
Shell and Unite have clashed over the number of job cuts, and purported safety concerns, at the St Fergus Gas Terminal and Mossmorran plant.
North-east oil and gas boss Peter Stuart has been appointed chairman of Montrose Port Authority.
Chevron is seeking contractors for a major retirement campaign across the Gulf of Thailand as the Southeast Asian nation braces for a huge wave of decommissioning.
Greece seeks halt to EU-Turkey customs union after vessel carries out seismic survey in disputed waters
Greece is stepping up diplomatic efforts to mobilize European Union partners against Turkey, as Ankara continues its energy prospecting in contested waters of the eastern Mediterranean.
Norway’s offshore health and safety watchdog has launched an investigation after a “serious” incident on board a mobile drilling facility.
Nigeria reimbursed oil companies including Exxon Mobil Corp. and Royal Dutch Shell Plc $3 billion, moving closer to clearing operating expense arrears owed since 2010.