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.
Total remains committed to developing hydrocarbon resources, but the cost must be sufficiently low to survive in a world of lower prices, the company’s chairman and CEO Patrick Pouyanné has said.
Total has reached a deal to transfer its stakes in five exploration blocks in the Foz do Amazonas Basin, offshore Brazil, to Petrobras.
The Covid-19 pandemic has devastated global oil and gas project sanctioning this year and will cause total committed spending to drop to around $53 billion from 2019’s $190 billion, Rystad Energy says.
The UK North Sea will see the world's second-highest deployment of FPSO vessels in the next five years, according to new analysis.
Big Oil is tapping Big Tech to keep drilling off the shores of Brazil even as the global pandemic traps workers at home.
The Libra Consortium has awarded TechnipFMC a huge contract for the Mero phase two project offshore Brazil.
Total and its partners have taken an investment decision for the third phase of the Mero project offshore Brazil.
The floating production systems (FPS) market will rebound to $13 billion annually from 2021-24 with an average oil price of $60 per barrel, analysts have said.
Oil and gas drilling is on course for a "staggering" 20-year low, according to consultancy Rystad Energy.
No more floating production, storage and offloading (FPSO) vessels will be ordered this year, Rystad Energy has predicted.
Angola is in talks with some of its oil customers in a bid to restructure financing facilities, the Ministry of Finance has said, in order to “better reflect the current market environment and OPEC production quotas”.
Aker Energy has signed a letter of intent (LoI) on a floating production, storage and offloading (FPSO) with Yinson Holdings Berhad.
Galp will focus on major upstream projects, company executives said today, but these must be able to compete in a world where demand may be constrained.
Plans for an IPO for marginal field-developer BW Energy have been pushed back – and pricing scaled back – in light of financial volatility, blamed on the coronavirus in China.
Equinor has dished out feed contracts for phase one of the Bacalhau (formerly Carcara) area in Brazil.
BW Energy expects to price shares in its IPO at 34.2-36.6 Norwegian krone ($3.74-4), valuing the company at $700-750 million.
The move from “Big Oil to Big Energy” is under way as the energy transition puts extra pressure on explorers, an analyst has said.
BW Offshore intends to hold an IPO of its BW Energy unit, which is producing oil in Gabon, in the first quarter of 2020 on the Oslo Stock Exchange.
Oil was steady after the biggest weekly drop since July as an easing of geopolitical tension in the Middle East turned attention back to a flood of new supply set to hit the market this year.
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many E&P boardrooms in 2019, but the impact on exploration drilling is not yet apparent.
As we enter a new decade, I’m sure I’m not alone in reflecting on matters that are personally important, together with major issues that impact on society, the environment and the economy.
Oilfield technology firm Deep Casing Tools (DCT), of Aberdeen, said yesterday it had appointed a Brazil-based partner to help it win orders in South America.
Avenir has set out a planned entry into a second country, Brazil, under a small-scale LNG delivery scheme with Golar Power.
Brazil had its second failed oil auction in two days, prompting government officials and the head of the state-run producer to criticize bidding rules.