Daily Archives: July 31, 2020

EnQuest to operate Bressay field as Equinor halves interest

Rate this article By Nermina Kulovic Equinor has agreed to sell a 40.8125 per cent interest in and transfer operatorship of the Bressay oil field development on the UK continental shelf to EnQuest. The post EnQuest to operate Bressay… … Read Full Article Here For more great articles: Offshore Energy Today

Red ink for ConocoPhillips on lower oil prices and volumes

Rate this article By Nermina Kulovic ConocoPhillips recorded a $1 billion loss in the second quarter of this year due to lower oil prices and production curtailments amid COVID-19 impact. The post Red ink for ConocoPhillips on lower… … Read Full Article Here For more great articles: Offshore Energy Today

Floatel to book nearly $400 million in impairment charges

Rate this article By Nermina Kulovic Floatel International will book impairments of nearly $400 million for the second quarter of the year due to impairments of its vessels made amid challenging market situation. The post Floatel to… … Read Full Article Here For more great articles: Offshore Energy Today

Green light for Equinor to use Maersk rig on Martin Linge field

Rate this article By Nermina Kulovic Norwegian oil major Equinor has received safety consent from the country’s offshore safety watchdog to use the Maersk Intrepid jack-up rig on the Martin Linge field offshore Norway. The post Green… … Read Full Article Here For more great articles: Offshore Energy Today

Equinor comes up dry in Barents Sea well

Rate this article By Nermina Kulovic Equinor has drilled a dry well near the Johan Castberg field in the Barents Sea offshore Norway. The post Equinor comes up dry in Barents Sea well appeared first on Offshore Energy. … Read Full Article Here For more great articles: Offshore Energy Today

Freeport LNG seeking permit to delay Train 4 development

Rate this article By Adnan Bajic The Freeport LNG export project in Texas led by billionaire Michael Smith, has asked for additional time to develop the project’s fourth train. Courtesy of Freeport LNG Freeport LNG has completed the construction and has already placed in service the first three liquefaction trains at the facility located on…

Sound Energy garners cash to pursue Moroccan LNG project

Rate this article By Adnan Bajic The UK-based Sound Energy has issued 129.4 million shares aiming to raise £2.75 million ($3.56 million) as it pushes forward with its Moroccan LNG project. The company noted it is also looking to place a further 82.4 million additional shares for £1.75 million. The net proceeds will be used…