Valaris to sell 11 ships and rigs with contracts below half of regular rate
Drillship and jackup rig operator Valaris gave its first quarterly results earlier today. Executives did not take questions because, they…
ByMonth: April 2020
China’s CNOOC slashes 2020 capital expenditure
China’s state-owned offshore oil and gas major CNOOC has lowered its planned capital expenditure (capex) and production guidance this year,…
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Quarterly Equipment and Services M&A Deals Review – Q1 2020
GlobalData’s latest report, ‘Quarterly Equipment and Services M&A Deals Review – Q1 2020’, shows that a combined value of US$7…
ByEconomic Outlook: Covid-19 puts 1.6 billion jobs at risk – Q1 company earnings ‘most watched in history’ say Goldman Sachs
The Covid -19 pandemic has puts nearly half of the global workforce at risk of losing their livelihoods, according to…
ByOMV’s Austrian fuel demand picks up as lockdown eases
Austrian energy group OMV has seen the first signs of increase in road fuel demand in the country over the…
ByAutomotive jobs slump as world economy takes a Covid-19 hit
Jobs available in the automotive industry dropped sharply last week as the world economy continued to toil under the Covid-19…
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Yinson and Sumitomo partner on Brazil FPSO project
Malaysia’s Yinson Holdings and Japan’s Sumitomo have finalised an agreement to participate in the floating production, storage and offloading (FPSO)…
ByGDP of majority of the economies to be below pre-Covid-19 levels for two to three years
The economic impact of the Covid-19 pandemic is expected to last more than three years for majority of the countries…
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