Daily Archives: May 7, 2020

Hess posts $2.4 billion loss

Rate this article By Nermina Kulovic Hess Corporation booked a loss for the first quarter of 2020 due to impairment charges resulting from the low oil price environment. The post Hess posts $2.4 billion loss appeared first on Offshore… … Read Full Article Here For more great articles: Offshore Energy Today

Analysts warn of multi-year blow in umbilicals segment

Rate this article By Adis Ajdin The Covid-19 pandemic could see demand for umbilicals fall by 32 per cent this […] The post Analysts warn of multi-year blow in umbilicals segment appeared first on Offshore Energy. … Read Full Article Here For more great articles: Offshore Energy Today

GasLog to take delivery of Jera-chartered LNG carrier

Rate this article By Mirza Duran Greece-based LNG shipping company GasLog is set to take delivery of another liquefied natural gas newbuild from South Korea’s Samsung Heavy Industries. GasLog Windsor and Gaslog Wales (Image courtesy of GasLog) The 180,000 cubic meter GasLog Wales will join GasLog’s fleet on May 11, 2020, the LNG shipper said…

GasLog CFO steps down

Rate this article By Adnan Bajic LNG shipper GasLog said that its chief financial officer (CFO) Alastair Maxwell has decided to step down from his position. Following the company’s decision to base its senior management in Greece, Maxwell decided not to relocate and will step down on June 30, 2020. GasLog and its New York-listed…

Qatar Petroleum farms into Total’s blocks in Mexico

Rate this article By Bojan Lepic State-owned Qatar Petroleum has entered into three farm-in agreements to acquire about 30 per cent of Total’s participating interest in three blocks offshore Mexico. The post Qatar Petroleum farms… … Read Full Article Here For more great articles: Offshore Energy Today

WesternGeco surveys Egyptian block for Neptune Energy

Rate this article By Bojan Lepic WesternGeco has completed an ocean bottom nodes multiclient survey in the North West El Amal block, offshore Egypt, for Neptune Energy. The post WesternGeco surveys Egyptian block for Neptune… … Read Full Article Here For more great articles: Offshore Energy Today

Finland’s Gasum sees quarterly profit decline

Rate this article By Mirza Duran Finnish state-owned gas company Gasum reported a 30 per cent year-on-year decline in net profit saying it only had minor impacts from the Covid-19 coronavirus pandemic. Image courtesy of Gasum Lower power and gas prices have weighed down on Gasum’s profits. Gasum’s net profit totaled 12.3 million euros ($13.3m),…

Rig impairments take Noble Corp. deeper into the red

Rate this article By Nermina Kulovic Noble Corporation saw its quarterly net loss deepen after being negatively affected by rig impairment charges amid lower demand as a result of the coronavirus pandemic and low oil prices. The post… … Read Full Article Here For more great articles: Offshore Energy Today