Saturday, March 28, 2020
Aker Solutions has entered a grasp settlement to supply umbilicals for Chevron-operated oil and gasoline fields within the US Gulf of Mexico. The firm additionally secured the primary work order beneath the brand new grasp settlement, to supply 15...
The newest collapse in oil costs has put in play a profitable commerce to retailer crude at sea, reviving reminiscences of the 2008-09 recession when thousands and thousands of barrels had been saved on the world’s oceans.Brent crude in...
How unhealthy is simply too unhealthy for oil markets? As costs barrel towards the bottom ranges for the reason that begin of the century, adverse costs have re-entered the realm of risk.U.S. oil futures simply hit an 18-year low...
CHC's Corona Copter has been referred to as into motion right now to take away a second suspected Coronavirus case from the Valaris drilling rig within the Elgin area. The room mate of the person being evacuated has additionally...
Saudi Arabia introduced 50 billion riyals ($13.three billion) in price range spending cuts after the crash in oil costs and the coronavirus outbreak wreaked havoc on its public funds.As the dominion doubled down in its worth conflict with Russia,...
p.p1 p.p2 p.p3 p.p4 span.s1 span.s2 span.s3 Total and Shell every launched important cost-reduction measures, because the oil value warfare and the worldwide unfold of Covid-19 mixed to disrupt operations.Following the...
Tendeka has secured a four-year contract to produce its zonal isolation applied sciences throughout a number one operator’s Malaysian property.This is the third time Tendeka has received this contract, which first began in 2013. This newest extension, value greater...
ConocoPhillips introduced that it's taking a number of actions in response to the current oil market downturn.“Our trade is clearly experiencing an unprecedented occasion caused by simultaneous provide and demand shocks,” stated Ryan Lance, chairman and chief govt officer....
How lengthy can the vicious oil-price struggle between Saudi Arabia and Russia final? If historical past is any information, the battle can be a protracted one.Riyadh has waged 4 value wars, together with the present one, during the last...
More than 200 oilfield providers corporations is perhaps compelled to declare chapter - most of them in Norway and the UK - as a result of results of the Covid-19 pandemic and its impact on oil costs.This is in...
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