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Fossil Energy

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  • video
Posted: 3 months ago

27 oil tankers with nowhere to unload parked off Californian coast

There are 27 oil tanker vessels with more than 20 million barrels of crude anchored off the coast of...

Categories:
  • Vessels
Posted: 3 months ago
Posted: 3 months ago

‘Founding father’ of Soviet oil industry and Lukoil chairman passes away

Long-time chairman of Russian oil and gas company Lukoil and “founding father” of the Soviet oil ind...

Categories:
  • Business & Finance
Posted: 3 months ago
Posted: 3 months ago

Impairments in offshore drilling drag Saipem into the red

Italian oilfield contractor Saipem sank into the red in the first quarter of the year dragged down b...

Categories:
  • Business developments & projects
Posted: 3 months ago
Posted: 3 months ago

Neptune comes up dry at Norwegian Sea well

Neptune Energy has drilled a dry well near the Heidrun field in the Norwegian Sea. ...

Categories:
  • Exploration & Production
Posted: 3 months ago
Posted: 3 months ago

DNV GL looking to prove value of oil & gas digital twins

DNV GL has issued an international call to oil and gas operators and the supply chain to pilot a met...

Categories:
  • IT & Software
Posted: 3 months ago
Posted: 3 months ago

Triangle Energy finds new drilling prospects near Cliff Head platform

Australia-based Triangle Energy has identified three key opportunities that could be drilled and dev...

Categories:
  • Exploration & Production
Posted: 3 months ago
Posted: 3 months ago

Ineos pushes charter of Floatel unit to 2021

A charter for a Floatel International-owned flotel with Ineos in the UK North Sea has been postponed...

Categories:
  • Business developments & projects
Posted: 3 months ago
Posted: 3 months ago

Equinor slashes quarterly cash dividend by two thirds

Norwegian oil major Equinor has decided on a cash dividend of $0.09 per share for the first quarter ...

Categories:
  • Business & Finance
Posted: 3 months ago
Posted: 3 months ago

Helix Energy Solutions swings to quarterly loss

Houston-based offshore services and robotics specialist Helix Energy Solutions has reported net loss...

Categories:
  • Business & Finance
Posted: 3 months ago
Posted: 3 months ago

Repsol Sinopec expands Petrofac’s scope of support on UK assets

Petrofac is preparing to extend its provision of operations and maintenance services to Repsol Sinop...

Categories:
  • Business & Finance
Posted: 3 months ago
Posted: 3 months ago

PGS raises cost-cutting as it sinks to wider loss

PGS has seen its Q1 2020 loss widened, mostly on impairments related to library and sale of non-curr...

Categories:
  • Business & Finance
Posted: 3 months ago
Posted: 3 months ago

Kosmos Energy gets delisting warning from NYSE

Kosmos Energy has been given a continued listing standard notice from the New York Stock Exchange (N...

Categories:
  • Business & Finance
Posted: 3 months ago
Posted: 3 months ago

Early terminations and day rate reductions for Valaris rigs

Valaris has seen a number of its drilling contracts terminated and day rates slashed as oil and gas ...

Categories:
  • Exploration & Production
Posted: 3 months ago
Posted: 3 months ago

TechnipFMC books $3.25B loss; cuts execs pay and dividend

TechnipFMC has reported first-quarter 2020 loss of $3.25 billion or $7.28 per diluted share against ...

Categories:
  • Business & Finance
Posted: 3 months ago
Posted: 3 months ago

Borr takes another rig delivery from Keppel

Singapore’s offshore rig builder Keppel Offshore & Marine has delivered a newbuild jack-up...

Categories:
  • Exploration & Production
Posted: 3 months ago
Posted: 3 months ago

Santos quarterly revenue, production down

Australian gas producer and GLNG operator, Santos reported a 13 per cent decrease in revenue, affect...

Categories:
  • Business developments & projects
Posted: 3 months ago
Posted: 3 months ago

U.S. SEC closes Eni investigation

The U.S. Securities and Exchange Commission is closing its investigation into Eni related to its inv...

Categories:
  • Business & Finance
Posted: 3 months ago
Posted: 3 months ago

Baker Hughes sinks to $10 billion loss as impairment charges bite

Baker Hughes booked a huge impairment charge in the first quarter of the year resulting in a $10 bil...

Categories:
  • Business & Finance
Posted: 3 months ago
Posted: 3 months ago

Qatar Petroleum inks huge China LNG carrier deal

State-run Qatar Petroleum said Wednesday it has entered into a deal to reserve LNG ship construction...

Categories:
  • Infrastructure
Posted: 3 months ago
Posted: 3 months ago

Aker BP kicks off production from Norwegian well three years ahead of schedule

Aker BP has started production from the first Ærfugl phase 2 well in the Norwegian Sea – three years...

Categories:
  • Exploration & Production
Posted: 3 months ago
Posted: 3 months ago

Seadrill fills board of directors seat

Offshore drilling contractor Seadrill Limited has named a new member of the company’s board of direc...

Categories:
  • Business & Finance
Posted: 3 months ago
Posted: 3 months ago

Fugro secures work on Well-Safe Guardian rig

Fugro has won an initial three-year contract with UK-based decommissioning service provider Well-Saf...

Categories:
  • Project & Tenders
Posted: 3 months ago
Posted: 3 months ago

Jadestone delays Australia infill wells following fresh capex cuts

Jadestone is further reducing its 2020 capital expenditure guidance due to the collapse of the globa...

Categories:
  • Business developments & projects
Posted: 3 months ago
Posted: 3 months ago

Equinor makes changes in exploration leadership

Norwegian oil major Equinor has appointed a new executive vice president of its Exploration division...

Categories:
  • Business & Finance
Posted: 3 months ago
Posted: 3 months ago

Sales drop hurts Oil Search revenue

The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search saw its revenu...

Categories:
  • Business developments & projects
Posted: 3 months ago
Posted: 3 months ago

Investigation launched after lifting incident on Equinor’s platform

Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has decided to investigate...

Categories:
  • Safety
Posted: 3 months ago