Fossil Energy
Eni reports 46 pct drop in adjusted net profit
Italian oil company Eni reported its adjusted net profit for the first quarter of 2015 was €0.65 billion, down 46% from the first quarter 2014, due to lower operating profit. The company’s adjusted operating profit was €1.57 billion which down by 55% from the first quarter of 2014, driven by sharply
Port of Gothenburg introduces robot for containing oil spills
A new robot for deploying booms in the event of an oil spill has been introduced at the Port of Gothenburg. According to the Port of Gothenburg, this new technology is supposed to secure more rapid and safer oil spill clearance. Dan-Erik Andersson, Head of Operations at the Energy Port in Gothenburg
Kongsberg in cooperation agreement with KBC
Kongsberg Oil & Gas Technologies and KBC Advanced Technologies have entered into a non-exclusive cooperation agreement to develop stronger simulation software integration and more effective engineering and operations workflows for the oil and gas marketplace. Kongsberg says that the objective is to
AFG to supply HVAC equipment for Johan Sverdrup
Statoil has awarded AF Gruppen (AFG) the framework agreement for the supply of HVAC Equipment (Heating, Ventilation and Air Conditioning) for Johan Sverdrup Field Centre, offshore Norway. The contract period is 5 years with the option for Statoil to extend the contract by up to two consecutive perio
IKM Testing secures work on Statoil’s Gina Krog
IKM Testing has been awarded a contract for commissioning services by Statoil on the Gina Krog topside project, which is currently under construction in South Korea, by Daewoo Shipbuilding & Marine Engineering (DSME). According to the company, the work is planned to take place in Q1 2016 in South Ko
Total profit falls, but beats forecasts
French oil major Total today reported its adjusted net income for the first quarter of 2015 $2.6 billion versus $3.3 billion in the first quarter 2014, a decrease of 22%. According to Reuters, the results beat analysts’ forecasts of $2.05 billion in adjusted net profit. The company’s CEO Patrick Pou
Shell sets sights on Portrush drilling (Norway)
Shell Norge is reportedly planning to drill an exploration well 6407/10-4 in Portrush prospect located in the Norwegian Sea. According to petro.no, the well will be drilled with Transocean’s semi-submersible drilling rig Transocean Barents. Portrush is located in the production licence (PL) 793 whic
MacGregor letting more than 200 workers go
MacGregor, a deck equipment provider and a subsidiary of Cargotec, will start cutting workforce to respond to the deteriorating market situation caused by the low oil price and low number of new merchant ship orders. More than two hundred workers will be let go. MacGregor is planning to reach saving
Wood Group PSN informs workers jobs are at risk
Wood Group PSN, a provider of brownfield services to the oil and gas industry with headquarters in Aberdeen, UK, has reportedly entered into consultation with 380 employees where up to 80 are expected to lose their jobs. According to STV News, 380 staff were told they will take part in the process.
Norwegian Government submits proposal for Johan Sverdrup PDO to Parliament
On Friday, April 24, the Norwegian Government submitted a proposition to the Storting, the Norwegian Parliament, for the Plan for Development and Operation (PDO) for the first development phase step on the Johan Sverdrup field in the North Sea. Statoil and its partners in the project submitted their
BP records fall in 1Q 2015 profit
British oil giant BP today reported its results for first quarter of 2015. Underlying replacement cost profit for the quarter was $2.6 billion compared with $3.2 billion for the same period in 2014 and $2.2 billion for the fourth quarter of 2014. Underlying replacement cost profit is adjusted for no
Wintershall gets nod for North Sea wildcat drilling
The Norwegian Petroleum Directorate (NPD) has granted Wintershall Norge AS a drilling permit for well 35/12-5 S, in the Norwegian North Sea. Well 35/12-5 S will be drilled from the Transocean Arctic semi-submersible drilling rig after completing the drilling of wildcat well 6406/2-8 for Wintershall
Statoil spuds Bister well in Norwegian Sea
Statoil has spudded the Bister exploration well in the Norwegian Sea, offshore Norway. The Bister prospect, formally known as well 6407/8-7, is located in the Norwegian Sea in Licence PL 348/C, which also contains the producing Hyme field and the 2013 Snilehorn discovery. The licence is located adja
Wintershall finds oil in Norwegian Sea
Wintershall Norge AS, operator of production licence 589, is about to complete drilling of wildcat well 6406/2-8, in the Norwegian Sea. The well proved oil. The well was drilled about 20 kilometres south of the Kristin field in the Norwegian Sea and 190 kilometres northwest of Kristiansund. The obje