Fossil Energy
Offshore helicopter specialist in M&A push
Offshore oil and gas helicopter transportation specialist CHC is looking at potential merger or acquisition.
Shell profit slumps on lower oil prices
Oil major Shell recorded a 25 percent decrease in ts second quarter profit due to lower oil prices while its production was up by 4 percent during the period.
Noreco buys Shell’s Danish North Sea assets for $1.9B
Shell has sold all of its upstream assets in Denmark
Golden Energy’s newbuild starts first North Sea contract
The second newbuild of Norwegian offshore supply vessel provider Golden Energy Offshore has begun its first contract in the North Sea.
MacGregor closes acquisition of TTS’ marine and offshore business
Cargotec’s MacGregor business area has completed the acquisition of the marine and offshore businesses of TTS Group.
Total secures Prosafe flotel for accommodation support on Elgin
Prosafe has signed a contract with Total E&P UK Limited for the Safe Caledonia to provide accommodation support at the Elgin complex in the UK sector of the North Sea.
Shell takes FID for deepwater project in Gulf of Mexico
Shell has taken the final investment decision for the PowerNap deepwater project in the US Gulf of Mexico.
Green light to Aker BP for North Sea well
The Norwegian Petroleum Directorate has granted Aker BP a drilling permit for well 2/1-17 S located in the North Sea offshore Norway.
VIDEO: Equinor installs gas module on Troll C to boost Fram production
A new gas module, which will help increase production from the Fram field, has been installed on Equinor’s Troll C platform in the North Sea.
Beyond technology: sustaining growth on an ever-busier seabed
Blessed as we are by Mother Nature in the UK with some of the best conditions for offshore wind globally, and building on the remarkable progress we’ve seen on costs, the UK offshore wind sector is coming into its own.
Hess narrows second quarter loss
U.S. oil and gas company Hess has decided to trim its full year capex guidance.
Baker Hughes cuts losses in second quarter
Oilfield services provider Baker Hughes, a GE company, managed to reduce its loss as its revenues increased in the second quarter of 2019. BHGE on Wednesday posted revenue of $6 billion for the second quarter 2019, up 7% sequentially and up 8% year-over-year. The company’s revenues in 2Q 2018 were $
ONGC awards three-year deals to Shelf Drilling rigs
Shelf Drilling has been awarded contracts for two of its jack-up rigs with ONGC for operations in the Mumbai High, offshore India.
Corallian boosts interest in North Sea discovery
Corallian Energy has raised about $1.5 million in an equity fundraise, increased its interest in a license which contains the Colter South discovery, and made progress towards starting its Curlew-A well drilling in the UK North Sea.