Wednesday, June 24, 2020
offshore drillship

Offshore Drillers Face New Round of Bankruptcies

By Liz Hampton and Nerijus Adomaitis DENVER/OSLO, June 24 (Reuters) – The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four...

June 24, 2020
Total Views: 75

Tuesday, June 16, 2020
offshore platforms

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...

June 16, 2020
Total Views: 12

Thursday, June 11, 2020
offshore rig north sea

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...

June 11, 2020
Total Views: 35

Wednesday, June 10, 2020
offshore supply vessel
Maritime News

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...

June 10, 2020
Total Views: 30

Friday, June 5, 2020
offshore rigs

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...

June 5, 2020
Total Views: 17

Thursday, June 4, 2020
Harvey Peak Intensity
Maritime News

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...

June 4, 2020
Total Views: 7

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...

June 2, 2020
Total Views: 16

Monday, June 1, 2020
Maritime News

Subsea 7 to Slash Global Workforce by 25%

Subsea 7 has released details of its cost reduction program which it alluded to in its first quarter earnings report released April 30. As previously indicated, these cost reduction measures...

June 1, 2020
Total Views: 27

Wednesday, May 27, 2020
offshore oil rig

Chevron Planning to Cut Up to 15% of Workforce

By Kevin Crowley and Rachel Adams-Heard (Bloomberg) –Chevron Corp. is planning a 10% to 15% reduction in its global workforce this year, the biggest cut to headcount yet among global...

May 27, 2020
Total Views: 18

Tuesday, May 26, 2020
offshore drilling rig brazil

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...

May 26, 2020
Total Views: 9

Tuesday, May 12, 2020
Maritime News

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...

May 12, 2020
Total Views: 147

Monday, May 4, 2020
Offshore Oil Platform

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...

May 4, 2020
Total Views: 12

Tuesday, April 28, 2020
oil storage tankers
Maritime News

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....

April 28, 2020
Total Views: 5

north sea oil rig
Maritime News

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...

April 28, 2020
Total Views: 12

Monday, April 27, 2020
north sea drilling rigs

Maersk Drilling Announces North Sea Layoffs

Maersk Drilling says it is taking steps to reduce its offshore crew pool as it stacks North Sea rigs in light of the COVID-19 pandemic and crash in oil prices. ...

April 27, 2020
Total Views: 22

Sunday, April 26, 2020
offshore rig north sea

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...

April 26, 2020
Total Views: 18

Tuesday, April 21, 2020
offshore drillship
Maritime News

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...

April 21, 2020
Total Views: 22

Tuesday, April 7, 2020
offshore spar

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,...

April 7, 2020
Total Views: 16

Tuesday, March 31, 2020
offshore support vessels

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...

March 31, 2020
Total Views: 79

Friday, March 27, 2020
Offshore Oil Platform

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...

March 27, 2020
Total Views: 59