Daily Archives: July 31, 2020

Red ink for ConocoPhillips on lower oil prices and volumes

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

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

Equinor comes up dry in Barents Sea well

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

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 Quintana Island. However,…

Sound Energy garners cash to pursue Moroccan LNG project

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 to strengthen the…