Fossil Energy
Shell 4Q profit boosted by higher prices
Shell reported a profit on the current cost of supply (ex-identified items) of $5.7 billion for the fourth quarter of 2018.
DOF finds work for platform supplier duo
Norwegian vessel provider DOF has been awarded one-year contracts for two of its platform supply vessels.
Wintershall names new Middle East division head following Ghasha entry
German oil company Wintershall has appointed a new general manager of its Middle East division in Abu Dhabi.
OPT and Saab Seaeye in AUV, ROV remote charging pact
Ocean Power Technologies and Saab Seaeye have entered into a joint development and marketing agreement.
Report: Gulf Drilling inks rig contracts with Shell and North Oil Co.
Qatari offshore drilling company Gulf Drilling International has reportedly won contracts for two jack-up rigs. According to Bassoe Analytics, GDI has this week signed deals with Shell and North Oil Co. for the charter of Keppel-built Al-Khor and Dukhan jack-up rigs, for operations in Qatar. While n
Exxon presses ahead with Blue Whale development with Saipem FEED deal (Vietnam)
ExxonMobil has awarded a front end engineering and design contract to Italy’s Saipem for the Ca Voi Xanh (Blue Whale) offshore project.
Hess cuts losses in fourth quarter 2018
U.S. oil company Hess reduced its net loss for the fourth quarter 2018 compared to the prior-year period on the back of exploration and production business and higher crude oil and gas prices. Hess on Wednesday reported a net loss of $4 million in the fourth quarter of 2018, compared to a net loss o
Lundin picks TechnipFMC to deliver subsea equipment for North Sea project
TechnipFMC has been awarded a substantial integrated engineering, procurement, construction and installation contract from Lundin for the Luno II and Rolvsnes development offshore Norway.
Ophir Energy board accepts $511 million Medco takeover offer
Medco and Ophir Energy have agreed to proceed with a proposed deal under which Medco will buy Ophir for 55 pence a share in cash. The acquisition values Ophir at £390.6M (around $511M).
Unique Group to provide diving solutions to POSH Subsea
Unique Group has entered into a contract with Singapore-based POSH Subsea to offer integrated diving solutions.
Safety issues found during audit of Equinor’s Visund
The PSA has found irregularities during an audit of Equinor’s Visund field located in the North Sea.
Pacific Radiance establishes new company in Abu Dhabi
Singapore’s Pacific Radiance has formed a new limited liability company in the Emirate of Abu Dhabi.
ABS approves Wison floating gas to methanol vessel design
China’s Wison Offshore & Marine has received an approval in principle from ABS for its latest floating natural gas to methanol (FGTM) vessel.
AAOG in Djeno discovery, offshore Congo
Anglo African Oil & Gas plc, an independent oil and gas developer, has informed that TLP-103C well at its Tilapia licence in the Republic of the Congo has intersected the targeted Djeno horizon and that hydrocarbons were encountered. The Tilapia field is located 1.8 kilometers offshore of the Republ