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  • 18 March 2020
    Storage

    Germany’s Amprion has secured a waiver from relevant authorities allowing the transmission system operator to skip the regional planning procedure for the sections of DolWin4 and BorWin4 offshore grid connection systems between the North Sea coast (Hagermarsch) and the Emden area. Amprion can now start preparing for the public planning procedure, the TSO said. The […]

  • 26 June 2015
    Business & Finance

    4Subsea’s board has appointed Peter Jenkins, one of the founders of the company, as new CEO. Jenkins replaces Henning Christensen, also one of the founders. “Henning has lead the company from the start in 2008 to become a market leader on the Norwegian shelf within production risers and subsea well systems,” says chairman of the board, […]

  • 9 November 2012
    Business & Finance

    In the first nine months of the current fiscal year 2012, EnBW Energie Baden-Württemberg AG increased its revenue by 4.4% to € 14.4 billion. A sharp fall in revenue in the electricity generation and trading segment (down 26.7%) was offset by equally sharp revenue growth in the electricity grid and sales segment (up 15.8%), gas […]

  • 23 January 2019
    Business & Finance, Equipment

    4Subsea and Ashtead Technology have sealed a partnership for global distribution of sensor technology to the oil and gas industry. Under the deal, 4Subsea’s autonomous, retrofittable sensors will be available to the global oil and gas industry via Ashtead Technology. Additionally, 4Subsea will explore utilising Ashtead’s acoustic sensors for further developing their services offering to […]

  • 14 March 2017
    Business & Finance

    Oil exploration company Cobalt International Energy is in dispute with the Angolan state-owned oil company Sonangol over impairment charges related to its assets in Angola.  Cobalt on Tuesday reported a net loss of $1.87 billion for the fourth quarter of 2016, compared to a net loss of $486.8 million for the fourth quarter of 2015. […]

  • 22 January 2018
    Business & Finance

    Oilfield services provider Halliburton recorded a bigger loss for the fourth quarter of 2017 compared to the prior-year period despite an increase in revenues. 

  • 27 February 2018
    Business & Finance

    Oslo-listed marine seismic player Polarcus tightened its quarterly net loss despite lower revenues and impairment charges. 

  • 19 March 2019
    Business & Finance, Equipment

    4Subsea has acquired Norwegian subsea solutions provider Astori. With the addition of Astori, 4Subsea has expanded its portfolio with aim to help operators optimise offshore operations with new technology and digital services. “With this acquisition we are building upon our strategy of delivering leading-edge monitoring and maintenance services that provide significant business value to operators […]

  • 1 November 2016
    Business & Finance

    Dutch ship-monitoring company We4Sea has launched the Big Data Fuel Monitoring platform aimed at increasing fuel efficiency and reducing CO2 emissions through the use of big data technology. The project was introduced in April this year. The company said it believes that there is a huge potential to increase sustainability and lower fuel consumption in the maritime […]

  • 19 January 2018
    Business & Finance

    Schlumberger in the fourth quarter recorded $3.041 billion of pretax charges

  • 15 February 2018
    Business & Finance

    Awilco Drilling sank to a loss in the fourth quarter 2017 dragged down by an impairment charge related to the erosion of the contract backlog and continued downturn in the offshore drilling market. 

  • 20 January 2017
    Business & Finance

    Schlumberger, the world’s largest oilfield services provider, tightened its loss in the fourth quarter of 2016, compared to the year-before period, amid an 8 pct drop in revenues.  During the fourth quarter of 2016, Schlumberger’s net loss decreased by 80% to $204 million, from $1.02 billion in the corresponding period in 2015. Schlumberger recorded a $536 million […]

  • 2 February 2017
    Business & Finance

    Multi-client geoscience data provider TGS returned to profit during the fourth quarter of 2016 compared to a loss in the corresponding quarter of 2015.  The multi-client data provider on Thursday reported a profit of $23.9 million for 4Q 2016, versus a $121.5 million loss in the prior-year quarter. TGS’ revenues increased during the quarter totaling […]

  • 2 February 2018
    Business & Finance

    Chevron Corporation recorded a significant increase in its quarterly earnings and revenues boosted by tax benefits as well as higher oil prices.

  • 23 August 2018
    Exploration & Production

    Norwegian oil firm Equinor has awarded 4Subsea a 3-year Master Service Agreement for processing of Blowout Preventer measurement data streamed from Equinor’s offshore drilling rigs operating on subsea wells.

  • 6 November 2013

    Centrica plc, the parent company of British Gas, today announced it has entered into a 4 ½ year LNG supply agreement with Qatargas for the purchase of up to 3 million tonnes per annum of liquefied natural gas (LNG). The £4.4billion deal builds on Centrica’s existing agreement with Qatargas, signed in February 2011, and could […]

  • 24 February 2016

    Petrofac, an international service provider to the oil and gas industry, has reported a 2015 net profit of $9 million after Laggan-Tormore North Sea gas project loss, compared to net profit of $581 million in 2014.  Petrofac’s net profit before accounting for Laggan-Tormore loss was $440 million. Further, the company’s revenues grew 10 percent to $6.8 billion. […]

  • 2 February 2018
    Business & Finance

    Affected by impairment charges, Norway’s seismic player PGS posted a bigger quarterly loss despite an increase in revenues. 

  • 29 February 2016

    Offshore shipbuilder and designer VARD is looking to diversify its business in order to reduce its offshore market dependency during industry downturn that dragged the company’s 4Q 2015 results down.  With its core market for offshore oil and gas related vessels showing continued signs of weakness in the short term, VARD said on Monday it […]

  • 31 January 2017
    Business & Finance

    U.S. oil major ExxonMobil saw a 40 percent decrease in profit during the last quarter of 2016, compared to the year-before period, due to impairment charges.  Fourth quarter earnings were $1.7 billion, including the impairment charge recorded during the period, a 40 percent decrease compared to earnings of $2.78 billion in the same period in […]

  • 24 February 2017
    Business & Finance, Exploration & Production

    Offshore driller Rowan Companies sank to a loss during the fourth quarter 2016 as its revenues dipped, driven by a decline in the deepwater and jack-up segment.  For the quarter ended December 31, 2016, Rowan on Friday reported a net loss of $24.4 million, compared to net income of $124.4 million in the fourth quarter […]

  • 8 February 2018
    Business & Finance

    Norwegian engineering and construction services company Kvaerner recorded a profit in its fourth quarter 2017 as opposed to a loss in the prior-year period.