Noble Corporation gets continued listing warning from NYSE

Offshore rig owner Noble Corporation has received a continued listing standard notice from the New York Stock Exchange (NYSE). 

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Rystad: Indonesia’s oil & gas production to fall short of expectations for 2020

Despite Indonesia’s official projections of an eight percent growth year-on-year, production of both oil and gas will most likely fall in 2020, according to energy intelligence firm Rystad Energy. …

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Ex-consultant connected to Sembcorp Marine convicted of corruption in Brazil

A former consultant connected to Singapore’s offshore rig builder Sembcorp Marine has been convicted of corruption and money laundering in a case related to a drilling rig construction contract with…

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Aker Energy to award Pecan FPSO deal to Yinson

Aker Energy has entered into a Letter of Intent with Yinson to award a bareboat charter and an operations and maintenance contract for an FPSO vessel at the Pecan field, offshore Ghana. …

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Sembcorp Marine sinks to the red amid low activity levels

Singapore’s offshore rig builder Sembcorp Marine posted a bigger loss for 2019 when compared to 2018. Quarterly, the company went from black to the red as its revenues dropped by 32% amid low…

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Seismic player says Pemex decision not to award more work detrimental to revenues

EMGS has been forced to take immediate action and implement a cost-cutting program due to detrimental effect of Pemex’s decision not to award it any more work under a two-year acquisition program… …

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Masirah flows first Yumna oil into tanker

Masirah Oil has completed the Yumna 1 well, located in Block 50 offshore Oman, and flowed first oil into the Aframax tanker.

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Neptune brings online new gas well in Dutch North Sea

Neptune Energy has produced first gas from the new L5a-D4 well in the deepest producing gas field of the Dutch North Sea.  …

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Green light to Lundin for Barents Sea wildcat

The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for a well in the Barents Sea offshore Norway. 

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SeaBird to decommission own and recycle seismic equipment to chartered vessel

SeaBird Exploration has entered into a loan agreement, the proceeds of which will be used to outfit a vessel for seismic operations. In addition, SeaBird has decided to decommission one of its own… …

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