Overview page containing news articles

Fossil Energy

List of the highlighted articles

Posted: 9 days ago

Red ink for ConocoPhillips on lower oil prices and volumes

ConocoPhillips recorded a $1 billion loss in the second quarter of this year due to lower oil prices...

Categories:
  • Business & Finance
Posted: 9 days ago
Posted: 9 days ago

Floatel to book nearly $400 million in impairment charges

Floatel International will book impairments of nearly $400 million for the second quarter of the yea...

Categories:
  • Business developments & projects
Posted: 9 days ago
Posted: 9 days ago

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

Norwegian oil major Equinor has received safety consent from the country’s offshore safety wat...

Categories:
  • Authorities & Government
Posted: 9 days ago
Posted: 9 days ago

Equinor comes up dry in Barents Sea well

Equinor has drilled a dry well near the Johan Castberg field in the Barents Sea offshore Norway. ...

Categories:
  • Exploration & Production
Posted: 9 days ago
Posted: 9 days ago

UK boasts improved production efficiency for seven years in a row

Production efficiency on the UK Continental Shelf has improved for the seventh consecutive year and ...

Categories:
  • Exploration & Production
Posted: 9 days ago
Posted: 9 days ago

Petrobras renews Vallourec contract for provision of tubes and services

Tubular solutions provider Vallourec has been awarded an extension of its contracts to supply produc...

Categories:
  • Business & Finance
Posted: 9 days ago
Posted: 10 days ago

Eni slips to loss, cuts capex

Eni went from a profit in the second quarter of 2019 to a loss in the same period this year hit by t...

Categories:
  • Business & Finance
Posted: 10 days ago
Posted: 10 days ago

Plexus seals POS-GRIP deal with Spirit Energy

Plexus has secured a purchase order for a POS-GRIP surface production wellhead system from Spirit En...

Categories:
  • Equipment
Posted: 10 days ago
Posted: 10 days ago

Shell books $18 billion loss on huge impairment charges

Shell booked a loss of $18.1 billion in the second quarter of 2020 due to huge impairments as it cut...

Categories:
  • Business & Finance
Posted: 10 days ago
Posted: 10 days ago

AET takes delivery of 2nd Petrobras-chartered shuttle tanker from SHI

South Korean shipbuilder Samsung Heavy Industries (SHI) has delivered Eagle Paulinia to AET Tankers,...

Categories:
  • Vessels
Posted: 10 days ago
Posted: 10 days ago

Total logs profit despite COVID-19 effects

Total reported a 96 per cent drop in adjusted profit for the second quarter of 2020 due to lower pri...

Categories:
  • Business developments & projects
Posted: 10 days ago
Posted: 10 days ago

TechnipFMC quarterly earnings dip

TechnipFMC has reported second-quarter 2020 profit of $12 million or 3 cents per diluted share again...

Categories:
  • Business & Finance
Posted: 10 days ago
Posted: 10 days ago

Total sells Gabon assets to Perenco

French oil major Total has decided to divest its portfolio of mature non-operated assets located off...

Categories:
  • Business & Finance
Posted: 10 days ago
Posted: 10 days ago

Karoon CEO to retire after 16 years at the helm

Karoon Energy’s founder and long-standing CEO and Managing Director, Robert Hosking, is retiri...

Categories:
  • Business & Finance
Posted: 10 days ago
Posted: 10 days ago

Apache in fresh oil discovery offshore Suriname

Apache has made what it says is a major oil discovery at the Kwaskwasi-1 well drilled offshore Surin...

Categories:
  • Exploration & Production
Posted: 10 days ago
Posted: 10 days ago

Shell’s second-quarter LNG sales drop

The Hague-based LNG giant Shell logged a 7 percent decline in its liquefied natural gas sales during...

Categories:
  • Business developments & projects
Posted: 10 days ago
Posted: 11 days ago

Tullow delays Suriname well with rig hunt under way

Tullow Oil has postponed the drilling of its exploration well on a block located offshore Suriname. ...

Categories:
  • Exploration & Production
Posted: 11 days ago
Posted: 11 days ago

Hess sinks deeper into the red

Hess sank deeper into the red during the second quarter of the year compared to the same period last...

Categories:
  • Business & Finance
Posted: 11 days ago
Posted: 11 days ago

Equinor gains drilling permit for wildcat wells in Norwegian Sea

The Norwegian Petroleum Directorate has granted Equinor a drilling permit for wells located in the N...

Categories:
  • Exploration & Production
Posted: 11 days ago
Posted: 11 days ago

Ampelmann to support Ithaca’s project in North Sea

Ampelmann has secured a contract with Olympic Shipping to support topside commissioning work on Itha...

Categories:
  • Equipment
Posted: 11 days ago
Posted: 11 days ago

Spirit Energy gives another three years of life to North Sea gas field

Spirit Energy has given another three years of life with an additional £13 million ($16.7Mn) investm...

Categories:
  • Exploration & Production
Posted: 11 days ago
Posted: 11 days ago

NEO Energy taps Petrofac for well services in UK

Oilfield services provider Petrofac has been awarded a two-year contract with NEO Energy, which doub...

Categories:
  • Operations & Maintenance
Posted: 11 days ago
Posted: 11 days ago

Subsea 7 sinks to $922 million loss

Subsea 7 has booked a major loss in Q2 2020 on restructuring and impairment charges as well as activ...

Categories:
  • Business & Finance
Posted: 11 days ago
Posted: 11 days ago

Magseis Fairfield and CGG secure additional pre-funding for Cornerstone survey

Magseis Fairfield has together with its partner, CGG, secured pre-funding from an oil major for the ...

Categories:
  • Project & Tenders
Posted: 11 days ago
Posted: 11 days ago

Maersk Drilling invests in new tech concept to help develop carbon-neutral drilling

Maersk Drilling has entered an agreement to invest $1 million in Clean Energy Systems to help develo...

Categories:
  • Technology
Posted: 11 days ago
Posted: 11 days ago

Global Petroleum to focus on principal prospects after getting licence extension in Namibia

The Ministry of Mines and Energy in Namibia has agreed to extend Global Petroleum’s licence su...

Categories:
  • Exploration & Production
Posted: 11 days ago