Fossil Energy
Aker Solutions profit drops, but revenues rise on increased activity
Aker Solutions recorded a decrease in its third quarter 2019 profit, but its revenues jumped by 9% driven by increased activity levels compared to the same period last year.
‘Serious problem’ at Thistle platform, RMT says after workers evacuated
Following the evacuation of 151 workers from EnQuest’s Thistle platform in the North Sea on Monday, Britain’s workers’ union RMT has said the speed of evacuation suggested a serious problem.
GMS vessel hired to support offshore activities in Middle East
Gulf Marine Services has been awarded a 6.5-month contract, firm period plus options to extend, for a K-Class (Small) vessel.
Rick Perry to leave U.S. Energy Secretary position ‘later this year’
U.S. Secretary of the Department of Energy Rick Perry has decided to resign from his position, effective later this year.
Temasek in bid to take control of Keppel
Temasek’s plans to offer S$4,1 billion for a controlling stake in Keppel.
Higher utilization lifts Helix Energy’s profit
Houston-based Helix Energy Solutions recorded an increase in its quarterly profit boosted by higher utilization in the well intervention business in the Gulf of Mexico and Brazil.
Update: EnQuest evacuates workers from Thistle offshore platform
UK oil and gas operator EnQuest has evacuated workers from its Thistle platform, sitting 125 miles northeast of Shetland, UK.
Aker BP posts loss in 3Q. Oil output below expected due to Valhall delays
The Norwegian oil company Aker BP has posted a net loss for the third quarter, and a below expected production due to delays in the Valhall field well stimulation program.
Brazil: Shell sells Gato do Mato stake to Ecopetrol
Shell has agreed to farm out a 30 percent stake in its Gato do Mato project in the Santos Basin offshore Brazil to Colombia’s Ecopetrol.
Shell taps TechnipFMC for Perdido Phase 2 work
TechnipFMC has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCI) contract by Shell for the Perdido Phase 2 development, located in the Gulf of Mexico.
Homeland’s two new offshore patrol vessels arrive in Nigeria
Two fast crew supplier vessels configured as patrol boats for West African offshore services supplier Homeland Integrated Offshore Services Limited (HIOSL) have arrived in Nigeria.
Expro elects ex-Tidewater man as new chief financial officer
Oilfield services company Expro has appointed a new chief financial officer (CFO) of the company.
Petronas awards well services deal to Tanjung Offshore
Tanjung Offshore Services has won a contract with Petronas Carigali for integrated well services.
WoodMac: Shell’s Khazar exit highlights project’s marginal economics
Shell has decided to withdraw from a project located offshore Kazakhstan. This decision highlights the project’s marginal economics in the highly competitive global portfolios of the majors, according to Wood Mackenzie.