Business & Finance
Hess sinks deeper into the red but production grows
Hess Corporation saw its net loss deepen in the third quarter of 2020 compared to the prior-year period while its production increased by 11 per cent.
Operators shut-in nearly half of Gulf of Mexico oil production due to hurricane
Operators have shut-in nearly half of oil production and over 55 per cent of gas production from the U.S. Gulf of Mexico due to the Hurricane Zeta.
Aker Solutions sees profit rise despite lower revenues
Aker Solutions boosted its profit in the third quarter of 2020 despite lower revenues as oil and gas operators reduced their activity levels.
Oceaneering names renewables BD director
Subsea services company Oceaneering has appointed Ben Hooker as director of business development – Renewables. Hooker is accounting and finance manager with sales and business development background within the upstream oil and gas; defense, marine and renewable energy sectors. He most recently serve
Borr Drilling sells cold-stacked jack-up rig
Offshore drilling contractor Borr Drilling has entered into an agreement to sell its cold stacked jack-up drilling rig Atla to an independent operator.
Vår Energi hands out 12 deals for offshore and onshore services
Vår Energi has signed frame agreements with a total of 12 Norwegian suppliers of services within a number of technical and administrative disciplines.
Neptune in minor oil discovery near Fenja field
Neptune Energy has made a minor oil discovery and delineated the Bue oil discovery near the Fenja field in the Norwegian Sea.
LIVE BLOG: Offshore Energy and Navingo Career 2020 Events
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Total boasts second ‘significant discovery’ offshore South Africa
French oil major Total has made a significant gas condensate discovery on the Luiperd prospect, located on Block 11B/12B in the Outeniqua Basin off South Africa.
Petrobras to cancel Itapu project bidding after reassigning Tupi FPSO
Petrobras has decided to reassign the FPSO P-71 from the Tupi field to the Itapu field offshore Brazil in an effort to focus on deep and ultra-deep waters.
Ørsted’s offshore revenue, EBITDA dip in Q3
Danish energy company Ørsted has reported DKK 2.629 billion operating profit (EBITDA) in the Offshore segment in the third quarter of 2020, an 18 per cent decrease compared to DKK 3.223 billion EBITDA reported for the third quarter of 2019. The decrease is mainly due to lower earnings from construct
EMO sells Windea CTV pair
EMS Maritime Offshore (EMO) has sold its crew transfer vessels (CTVs) Windea One and Windea Two to undisclosed clients. Windea One was handed over to its new owner at the end of September and will in the future be used as a supply vessel in Russian waters off Murmansk. Its sister vessel Windea Two w
LLOG hatches development plan for new Gulf of Mexico oil discovery
LLOG Exploration Company (LLOG) has revealed a new discovery in the U.S. Gulf of Mexico and development plan for the offshore field.
Year-long outage of Hammerfest LNG plant to affect Neptune output
Neptune Energy expects its full-year production to be impacted by the closure of the Equinor-operated Hammerfest LNG plant following a recent fire incident.