Fossil Energy
PHOTO: Statoil installs first of four Johan Sverdrup topsides
Statoil last weekend started the installation of the first of four topsides for the Johan Sverdrup development offshore Norway.
Total hires Stena rig for UK job
Offshore driller Stena Drilling has signed a contract with Total E&P UK for its Stena Don drilling rig.
Hess cuts losses
U.S. oil company Hess Corporation managed to significantly narrow its quarterly loss helped by higher crude prices and lower operating costs.
McDermott stays adamant as Subsea 7 insists on takeover
Undeterred by recent rejection, the UK-based subsea engineering company Subsea 7 on Wednesday reaffirmed its interest in acquiring Houston-based McDermott.
Royal IHC hands over new crane vessel to Scaldis
Royal IHC, a Dutch supplier of equipment, vessels, and services, has handed over the fully self-propelled crane vessel Gulliver to Scaldis.
McDermott wraps up offshore installation and startup job for ONGC
McDermott has concluded the installation and startup on the Vashishta and S1 field offshore India.
Sembcorp Marine profit plunges
Singapore’s offshore rig builder Sembcorp Marine saw its quarterly profit dive on absence of one-off gain and lower contributions from offshore platforms section despite increase in revenues. The company on Wednesday posted revenues of $1.18 billion for the three months to March 31, 2018. This compa
VIDEO: White Fleet jack-up returns to Gulf of Mexico following upgrade work
White Fleet Drilling’s WFD 350 jack-up has returned to the U.S. Gulf of Mexico, following repair and upgrade work by Semco Maritime.
UK: Ineos hands in decommissioning plans for Windermere
Ineos has submitted its decommissioning plans for the Windermere field located in the Southern North Sea to the UK authorities.
Heerema to axe 350 jobs following decision to exit offshore pipelay activities
Heerema Marine Contractors (HMC) will discontinue its offshore pipelay activities as a further step in its strategic transition, which will result in a loss of 350 permanent jobs.
Kvaerner boosts quarterly profit and revenues
Kvaerner recorded an increase in its profit as well as revenues for the first quarter of the year when compared to the last year’s performance.
DEA Norge’s first Dvalin module set for Norwegian Sea
DEA Norge’s Dvalin project development located offshore Norway has marked a new milestone.
Shell makes FID for Vito development in Gulf of Mexico
Shell has made the final investment decision for Vito, a deep-water development in the U.S. Gulf of Mexico with a forward-looking, break-even price estimated to be less than $35 per barrel.
Statoil profit rises on higher oil and gas prices
Higher oil and gas prices and increased production helped the Norwegian oil and gas major Statoil, soon to be renamed Equinor, boost its profit for the first quarter of the year.