Wednesday, June 24, 2020
Tuesday, June 16, 2020
U.K. Offshore Oil and Gas Industry Pledges to Cut Emissions in Half Over Next Decade
By Amanda Jordan and Laura Hurst (Bloomberg) –The U.K. offshore oil and gas industry pledged to cut emissions from its operations by half in the next decade, and eliminate them...
Thursday, June 11, 2020
Oil Crisis Shows Richest Nordic Country Remains a Crude Addict
By Lars Erik Taraldsen and Mikael Holter (Bloomberg) –Norway has been talking for years about weaning itself off oil, but the Covid-19 crisis has revealed how far it has left...
Wednesday, June 10, 2020
PEMEX Suspends Supplier Contracts, Triggering Job Losses
By Amy Stillman and Peter Millard (Bloomberg) –Mexico’s state oil giant is suspending contracts with service providers and suppliers, triggering thousands of job losses, people with direct knowledge of the...
Friday, June 5, 2020
Offshore Oil’s $105 Billion Hangover Adding to Industry Woes
By Peter Millard, Laura Hurst and David Wethe (Bloomberg) –Aging offshore oil wells that once brought market prominence to Europe, the U.S. Gulf and Brazil are increasingly money losers that companies...
Thursday, June 4, 2020
Energy Industry Faces Hurricane Challenges Amid Pandemic
By Erwin Seba HOUSTON, June 4 (Reuters) – As oil and gas companies began shutting offshore production before the first tropical storm of the season in the U.S. Gulf of...
Tuesday, June 2, 2020
U.S. Gulf Put on Notice as Tropical Storm Cristobal Gains Strength
By Brian K. Sullivan (Bloomberg) –Tropical Storm Cristobal, now gaining strength in the southern Gulf of Mexico, could grow into a hurricane as it moves toward the Texas and Louisiana...
Monday, June 1, 2020
Wednesday, May 27, 2020
Tuesday, May 26, 2020
Brazil’s Offshore Oil and Gas Industry Facing Coronavirus Outbreaks
By Gram Slattery and Marta Nogueira RIO DE JANEIRO, May 26 (Reuters) – Norway’s Equinor ASA , Brazil’s Dommo Energia SA and Anglo-French firm Perenco are among at least six...
Tuesday, May 12, 2020
Petronas Drillship Leaves South China Sea Waters After Standoff
By Rozanna Latiff and A. Ananthalakshmi KUALA LUMPUR, May 12 (Reuters) – An oil exploration vessel contracted by Malaysian state energy company Petronas that was involved in a standoff with...
Monday, May 4, 2020
Global Oil Demand Starts a Long, Painful and Uncertain Recovery
By Javier Blas (Bloomberg) — Few have a better watchtower over oil demand than Joe Gorder, chief executive officer of major U.S. refiner Valero Energy Corp. But this week Gorder didn’t...
Tuesday, April 28, 2020
Oil Slides After ETFs Move Into Later-Dated Contracts
By Mike Jeffers (Bloomberg) — Oil fell after the biggest oil ETF said it would sell out of its June WTI futures position as physical oil storage levels continue to balloon....
U.K. Oil and Gas Industry May Lose 30,000 Jobs Amid Coronavirus Slump
By Helen Robertson (Bloomberg) — The U.K.’s oil and gas industry could lose as many as 30,000 jobs over the next 12–18 months and see drilling levels plunge by a third...
Monday, April 27, 2020
Sunday, April 26, 2020
Diamond Offshore Files for Bankruptcy Amid Historic Crude Crash
By David Wethe and Jeremy Hill (Bloomberg) — Diamond Offshore Drilling Inc., the rig contractor controlled by Loews Corp., filed for bankruptcy amid an unprecedented crash in crude prices that’s wrecking...
Tuesday, April 21, 2020
Offshore Driller Valaris to Explore Bankruptcy with Creditors -Sources
By Mike Spector and David French April 21 (Reuters) – Offshore oil driller Valaris PLC is preparing to start talks with creditors to see if they can agree on terms for a...
Tuesday, April 7, 2020
On GoM’s Offshore Rigs, Crews Fight Virus to Keep Oil Flowing
By Jennifer A. Dlouhy and David Wethe (Bloomberg) — Inside more than a thousand offshore drilling rigs and oil production platforms that dot the Gulf of Mexico, workers navigate narrow corridors,...
Tuesday, March 31, 2020
Abu Dhabi’s Gulf Marine Services Reaches Debt Restructuring Deal
DUBAI, March 31 (Reuters) – Abu Dhabi-based Gulf Marine Services (GMS) said on Tuesday it had reached an agreement with its syndicate of banks to restructure its debt that will...
Friday, March 27, 2020
Coronavirus Delaying Safety Work Across Oil and Gas Sector
By Rachel Graham and Anna Shiryaevskaya (Bloomberg) — The coronavirus pandemic is delaying vital maintenance across the oil and natural gas industries in Europe and North America. Restrictions on the numbers...
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