Fossil Energy
ConocoPhillips returns to profit
U.S. oil major ConocoPhillips has returned to black in the second quarter of 2018 amid stronger market prices.
Total profit jumps on higher oil prices
Total saw its profit rise in the second quarter of the year on the back of higher oil prices and production.
Subsea 7 profit halved in second quarter
Subsea 7 recorded higher revenues for the second quarter of 2018 but its profit was halved during the period.
BP to invest up to $8 billion in Trinidad and Tobago over next 10 years
BP could potentially invest as much as $8 billion dollars in Trinidad and Tobago in nine new developments over the next ten years.
KCA Deutag, Socar AQS target Caspian market with new JV
Socar AQS and KCA Deutag have reached an agreement to form a joint venture that will target existing and future opportunities in the offshore and onshore Caspian drilling and engineering market.
TechnipFMC posts smaller profit, revenues
Oilfield services provider TechnipFMC recorded a decrease in both profit and revenues during the second quarter of 2018 compared to the last year’s quarter while at the same time recording the largest quarterly inbound to date for the company. TechnipFMC informed on Wednesday that the total company
Tamarind hires COSL rig for Tui wells
COSL Drilling Europe has entered into an agreement with Tamarind Resources for drilling operations with HYSY 982 in New Zealand.
Equinor sees net profit fall
Equinor saw its second quarter 2018 net profit drop by 15% despite an increase in revenues.
New CFO to join CGG in September
French geophysical player CGG has appointed Yuri Baidoukov as Group CFO, effective September 1, 2018.
Shell books 30 pct rise in profit
Shell recorded a 30% rise in quarterly profit boosted by its Integrated Gas and Upstream units.
TechnipFMC wins subsea installation gig with Chevron
TechnipFMC has been awarded a subsea installation contract by Chevron Australia, for the Gorgon Stage Two development, located offshore Western Australia.
Equinor gains nod to use Songa rig for Trestakk drilling
Equinor has received consent from the PSA to use the Songa Enabler rig for drilling on the Trestakk field in the Norwegian Sea.
DEA to drill Barents Sea well using Island Innovator rig
DEA Norge has received consent from the PSA to drill an exploration well in the Barents Sea using the Island Innovator rig.
Prosafe, Cosco in another flotel delivery delay
Prosafe and Cosco have agreed to extend a standstill agreement regarding the delivery of two accommodation units.