Upstream news
Petrobras contracts CSV from Solstad Offshore
Solstad Offshore's CSV, Far Saga, has been awarded a contract with Petrobras for a period of 3 years firm.
Kosmos Energy releases 1Q20 results
Kosmos Energy generated a net loss of US$183 million, or US$0.45 per diluted share, in 1Q20.
WFS Technologies wins two OTC awards for subsea work
WFS won the Small Business Spotlight on New Technology® Award for both its Seatooth SmartClamp and its Subsea Cloud Computing Network innovations.
Rystad Energy: US shut-ins double
US production of 616 000 bpd will be shut during May and 655 000 bpd during June as a result of the supply-demand imbalance that the Covid-19 pandemic has created, according to a Rystad Energy analysis.
Ampelmann achieves 1 million safe personnel transfers in Middle East
The one millionth transfer took place during a project with Halul Offshore Services Company W.L.L.
Rocsole wins OTC award
The Finnish company was given the award for its Liquid In-Tank Inspection (LITI) product.
Hess announces 1Q20 results
Hess has reported a net loss of US$2433 million, or US$8.00 per common share, in 1Q20.
Rystad analysis finds demand for umbilicals set for multi-year blow, despite cost savings
Demand for umbilical lines is expected to fall by 32% to just 713 km of lines in 2020, down from 1041 km last year.
Neptune Energy completes seismic survey offshore Egypt
The ocean bottom nodes survey was carried out in the North West El Amal block, offshore Egypt.
Oil continues to see gains trimmed
On Thursday morning oil prices continued to see their earlier gains trimmed further for a second day, as the global oversupply persists despite the cuts that are already in place.