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31 March 2020
PTAS Aker Solutions to provide offshore M&M services to BSP
A joint venture between Norwegian oilfield services firm Aker Solutions and Malaysia’s PTAS has agreed to provide offshore maintenance and modification (M&M) services to Brunei Shell Petroleum (BSP).
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30 March 2020
North Sea offshore platforms cut staff by 40% due to coronavirus
UK trade body Oil and Gas UK (OGUK) has published figures showing North Sea offshore installations have cut staff numbers by 40% since the start of the Covid-19 coronavirus outbreak.
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30 March 2020
Oil prices fall to 18-year low as global lockdowns depreciate demand
Crude oil prices havemade fresh falls due to fears the global coronavirus shutdown could last months and diminish demand.
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30 March 2020
Covid-19: Nigerian regulator asks for offshore workforce reduction
The Department of Petroleum Resources in Nigeria has instructed oil and gas firms to reduce the workforce on offshore platforms due to coronavirus.
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30 March 2020
Covid-19 Live Timeline
Here's the timeline of how the Coronavirus outbreak evolved from Wuhan city in China and is spreading across the world and how it affects the oil and gas industry.
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27 March 2020
Exploration firm Block Energy agrees to acquire Schlumberger subsidiary
Oil and gas exploration firm Block Energy has reached a sale and purchase agreement (SPA) to acquire oilfield services company Schlumberger’s subsidiary.
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27 March 2020
Oil prices mixed on potential stimulus benefits hopes and demand fears
Oil prices were mixed on possible stimulus benefits hopes to limit the economic fallout from the coronavirus (Covid-19) pandemic.
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27 March 2020
Vaalco’s South East Etame 4H well begins production offshore Gabon
US-based energy firm Vaalco Energy today announced the start of production at the South East Etame 4H well offshore Gabon.
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26 March 2020
Coronavirus causes Bahamas Petroleum to further delay drilling
Exploration and production firm Bahamas Petroleum has again decided to delay the start of the drilling operations on its Perseverance #1 exploration well offshore Bahamas.
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26 March 2020
Oil prices slip as falling demand fears outweigh stimulus hopes
Oil prices have slipped as worldwide lockdowns to contain the Covid-19 pandemic suppressed demand, despite hopes from a US stimulus deal.