Fossil Energy
Eni’s 3Q profit at $1.7 billion. Production flat
Italian oil company Eni posted a net profit of EUR 1.5 billion in the third quarter of 2018, versus a net profit of 344 million euros in the corresponding quarter a year ago.
Fugro in Qatar offshore services gig
Dutch offshore services firm Fugro has won a contract to provide its offshore inspection services in Qatar for the national gas company Qatargas.
Shell Netherlands CEO christens Wagenborg’s W2W vessel
Offshore vessel operator Wagenborg has christened new walk-to-work vessel at a ceremony held in the port of Den Helder, The Netherlands.
Cue, BP, Beach, NZOG team up for Ironbark drilling (Australia)
British oil giant BP is set to become the operator of a joint venture in Australia where it will manage the drilling of a 15 TCF offshore gas prospect – the Ironbark. This is according to Cue Energy, which currently holds a 100 percent stake in the block containing the prospec, but has agreed farm-d
Tullow exits PEL30 license off Namibia
Tullow Oil has decided to withdraw from the PEL30 license (Cooper Block) offshore Namibia. This was confirmed by Eco Atlantic, Tullow’s partner in the block.
OEEC 2018: Keep exploring, keep inspiring, keep transforming
Offshore Energy Exhibition & Conference 2018 brought together 550 exhibitors and over 10,000 unique visitors in halls 1, 2 & 3 of Amsterdam RAI. The conference and side events attracted over 1,000 delegates. The next Offshore Energy Exhibition & Conference takes place on 7, 8 and 9 October 2019.
Ex-Afren executives guilty of fraud and money laundering
Former executives of now-defunct oil company Afren were found guilty of fraud and money laundering offenses from which they personally received more than $17m and laundered $45m
SembMarine: E&P capex growth not translating into rig orders
Offshore rig and platform builder Sembcorp Marine posted a net loss in the third quarter of 2018 citing persisting ebb in business volume.
ConocoPhillips earnings jump on higher prices and sales volumes
U.S. oil major ConocoPhillips has boosted its third quarter earnings on higher oil and gas prices and higher sales volumes.
Green light for Ithaca Energy’s Jacky decommissioning plan
Ithaca Energy has received an approval from the UK authorities for the decommissioning program of its Jacky field located in the UK sector of the North Sea.
Golden Energy gets loan for OCV/IMR vessel acquisitions
Oslo-listed offshore vessel owners Golden Energy Offshore Services has secured a bank loan to buy OCV/IMR vessels Larissa and Despina.
TechnipFMC posts higher profit despite lower revenues
Oilfield services provider TechnipFMC has recorded an increase in its third quarter profit despite lower revenues.
U.S. approves first offshore oil platform in Alaska’s federal waters
The U.S. authorities have conditionally approved a project that will see the first oil production facility deployed in federal waters offshore Alaska – the Liberty project.
Higher oil prices lift Equinor’s 3Q profit
Norwegian oil company Equinor has returned to profit in the third quarter of 2018, posting a net income of $1,6 billion, compared to a net loss of $478 million a year ago.