10000 results found for 'culzean'

10000 results found for 'culzean'
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  • Higher oil and gas output lifts Total profit

    7 February 2019
    Business & Finance

    French oil and gas company Total booked an increase in the fourth quarter 2018 profit driven by higher oil and gas production and increase in prices.  The oil company said on Thursday it had recorded an 11% increase in net income for 4Q 2018 which amounted to $1.13 billion, compared to the profit of $1.02 […]

  • Maersk Oil to slash global workforce numbers by up to 12 percent

    26 October 2015

    Maersk Oil, a Danish oil and gas company, has announced its intention to implement workforce reductions amounting to 10-12% of roles across its business. The move, part of the company’s drive to reduce operating costs by 20% by the end of 2016, follows an extensive internal review of business activities and continued low oil prices, […]

  • Trio pools resources to forge CO2 logistics hub for carbon dioxide transport chain

    4 December 2025
    Business & Finance, Business Developments & Projects, Collaboration, Transition

    Three players in the offshore energy and maritime spheres – Höegh Evi, Aker BP, and Ports of Stockholm – have joined forces to bring to life a CO2 logistics hub and enable an efficient and sustainable transport chain for carbon dioxide from industrial emitters in eastern Sweden.

  • North Sea oil & gas emissions cut by a third but further efforts required for UK’s net zero goals

    2 September 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Outlook & Strategy, Regulation & Policy, Transition

    As the UK’s offshore oil and gas industry faces a critical juncture in its emissions reduction pursuit, Great Britain’s regulator, the North Sea Transition Authority (NSTA), has pushed for a boost in investment to meet net zero aspirations, as current efforts fall short of long-term decarbonization targets.

  • Maersk Oil produces first oil from Flyndre field

    27 March 2017
    Project & Tenders

    Danish oil company Maersk Oil has started production from the Flyndre field in the UK and Norwegian North Sea. Maersk reported on Monday that the first oil began to flow at 20:00 hrs on Sunday, March 26 travelling 25 km via pipeline to the Repsol Sinopec-operated Clyde platform. Production from the Flyndre field is expected […]

  • Total awards maintenance and support gig in UK to Aberdeen newcomer

    31 January 2020
    Business & Finance

    Total UK has awarded a general maintenance and operations support contract to PBS, a recently formed Aberdeen-based consortium.

  • Floatel bags Martin Linge extension with Equinor

    16 April 2019
    Business & Finance, Exploration & Production

    Offshore accommodation rig operator Floatel International has been awarded a contract extension for its Floatel Superior by Equinor. 

  • Interview: Maersk Supply growing in Aberdeen despite expected company sale

    5 April 2018

    Offshore support vessel operator Maersk Supply Service has seen its Aberdeen team grow in the past two years and is working at becoming more than just a vessel supplier.

  • Sembcorp Marine swings to loss

    20 July 2018
    Business & Finance

    Singapore’s rig builder Sembcorp Marine posted a loss for the second quarter of 2018 despite recording a significant increase in revenues during the period.  The company on Friday posted a net loss of $55.6 million for the second quarter of the year compared to a profit of $5.1 million in the same period a year […]

  • Shipyard presses Hercules to take delivery of newbuild jack-up

    3 May 2016
    Exploration & Production

    Offshore driller Hercules Offshore, which in November last year emerged from Chapter 11 bankruptcy, has been given a deadline by Sembcorp Marine’s Jurong Shipyard in Singapore to take delivery and pay for the jack-up rig the shipyard is building for Hercules.  The newbuild jack-up rig Hercules Highlander is scheduled to work on Maersk Oil’s Culzean field in […]

  • BP’s second quarter profit stable as production grows

    30 July 2019
    Business & Finance

    BP posted a profit of $2.8 billion for the second quarter 2019, which is similar to the company’s performance in the same period last year, while its production increased during the period. 

  • Hercules posts 1Q loss

    6 May 2016

    Offshore drilling contractor Hercules Offshore, which in November last year emerged from Chapter 11 bankruptcy, posted a net loss for the quarter as well as lower revenues.  The drilling contractor reported a net loss of $26.9 million, on revenue of $50.9 million for the first quarter 2016, compared to Predecessor net loss of $57.1 million, on […]

  • Maersk Oil to boost focus on technology, global operations and business development

    12 February 2009

    Maersk Oil is further enhancing its focus on operational, technical and business development excellence by reassigning responsibilities and adding two new departments to its organisation – Corporate Technology & Projects and Global Production Operations. “The challenge in a large and growing global oil and gas company is to leverage size and skill to the maximum […]

  • NEO Energy gains access to key North Sea hubs after closing ExxonMobil deal

    9 December 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    HitecVision-backed NEO Energy has finally completed the acquisition of ExxonMobil’s non-operated oil and gas assets in the North Sea.

  • Total Acquires Maersk Oil for USD 7.45 Billion

    21 August 2017
    Operations & Maintenance, Project & Tenders

    Total is set to acquire Maersk Oil & Gas, a wholly owned subsidiary of A.P. Møller – Mærsk, for $7.45 billion in a  share and debt transaction.   Under the agreed terms, A.P. Møller – Maersk will receive a consideration of $4.95 billion in Total shares and Total will assume $2.5 billion of Maersk Oil’s debt. […]

  • DNV GL nets Tyra verification deal with Maersk Oil

    21 June 2017
    Business & Finance

    DNV GL, a certification body and classification society, has won a contract to provide independent verification services for the Maersk Oil redevelopment of the Tyra field, off Denmark. The Tyra field in the Danish North Sea has been one of the centers of Denmark’s national energy infrastructure since 1984, providing 90 percent of the country’s gas […]

  • Popular offshore industry news in 1Q 2019

    1 January 2020

    The most popular news at Offshore Energy Today during the first quarter of 2019.

  • Total boosts quarterly profit despite lower price environment

    7 February 2020
    Business & Finance

    French oil major Total  booked an increase in quarterly profit despite a lower price environment as its production grew during the period fueled by new project startups and rampups. 

  • Maersk Oil withdraws from Dvalin project

    5 October 2016

    Danish oil company Maersk Oil has given away its stake in the Dvalin field, formerly known as Zidane, located offshore Norway, to its partners in the project.  Earlier this week, DEA, the field operator, submitted the Plan for Development and Operation (PDO) for the field to the Ministry of Petroleum and Energy in Norway. The […]

  • Community input seen as ‘vital’ piece of UK’s next subsea electricity transmission puzzle

    24 November 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Regulation & Policy, Rules & Regulation

    Scottish transmission system operator (TSO) SSEN Transmission has sent out an invitation to residents to attend events designed to provide more insight into the plans for the development of the UK’s fifth subsea electricity superhighway project, envisioned to link Scotland and England.

  • £1.5 billion enables UK-US pair to get their hands on Europe’s giant LNG terminal

    1 December 2025
    Business & Finance, Business Developments & Projects

    Centrica and U.S. investment firm Energy Capital Partners (ECP), part of Bridgeport Group, have brought into their fold a liquefied natural gas (LNG) terminal in Kent County, United Kingdom.

  • Maersk Drilling, Maersk Supply Service Form JV Decom Company

    12 April 2018
    Operations & Maintenance, Project & Tenders, Research & Development

    Maersk Drilling and Maersk Supply Service have established a 50:50 joint venture (JV) to provide decommissioning services to oil and gas operators. Due to high demand for decommissioning, especially in the North Sea where more than 400 fields are expected to cease production by 2026, the JV will offer bundled solutions for up to 80% of the process required […]

  • Maersk Oil hires jack-up rig from Hercules Offshore

    21 May 2014

    Hercules Offshore, Inc. announced that it has signed a five year drilling contract with Maersk Oil North Sea UK Limited for a newbuild jack-up rig to be owned and operated by Hercules Offshore

  • NEO Energy buying JX Nippon’s UK assets for $1.7 billion

    29 November 2021
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Exploration & Production

    UK-based oil and gas company NEO Energy is buying JX Nippon Exploration and Production (U.K.) Limited for about $1.7 billion.

  • Clean Arctic Alliance hails Nordic push for sustainable polar marine fuels

    3 November 2025
    Authorities & Government, Environment, Regulation & Policy, Rules & Regulation, Transition

    The Clean Arctic Alliance has welcomed the Nordic Council’s adoption of a resolution concerning polar fuels, which calls on Nordic governments to craft and implement a regulation that would mandate the application of cleaner, marine fuels that could cut black carbon emissions whilst operating in the Arctic region. The Nordic Council had adopted the resolution, […]