Fossil Energy
TechnipFMC’s subsea orders double in Q1 2021
TechnipFMC’s Subsea division has reported inbound orders of $1.5 billion in the first quarter of 2021, more than double compared to the fourth quarter of the prior year. Subsea reported first-quarter revenue of $1.3 billion, an increase of 10.6 per cent from the same period in 2020, said to be large
Equinor’s ‘serious’ North Sea oil spill under investigation
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has launched an investigation into an oil spilt from Equinor’s Gullfaks C platform in the North Sea.
Lundin Energy picks Neodrill CAN-ductors offshore Norway
Neodrill has signed a frame agreement with oil and gas operator Lundin Energy to provide its CAN-ductor technology for the company’s Norwegian fields. The agreement will see Neodrill’s CAN-ductor technology installed on Lundin’s future exploration and production wells. The deal was signed for an ini
Neptune and Spirit to develop UK gas find as Cygnus tieback
Spirit Energy and Neptune Energy have agreed to partner on the development of the Pegasus West gas discovery in the UK Southern North Sea.
Axess to provide offshore support services to Altera FPSOs
Axess Group, an asset integrity management company, has signed an offshore support services contract with Altera Infrastructure.
DNV, Vinde to inspect Vår Energi’s assets off Norway
Oil and gas company Vår Energi has awarded a three-year inspection services contract to a strategic partnership between Norway-based classification society DNV and Vinde Tilkomstteknikk.
Baker Hughes gets subsea order from Petrobras
Baker Hughes has been awarded a subsea equipment contract from Petrobras as part of the Marlim and Voador field revitalization plan.
Eni and Santos to collaborate on projects in Australia and Timor-Leste
Italy’s Eni and Australia’s Santos have agreed to cooperate on projects in northern Australia and Timor-Leste.
In focus: In pursuit of carbon-neutrality – the holy grail of energy transition
In this week’s edition of our In Focus article, we take a deep dive into the most relevant developments from the energy world targeting emission cuts. In the Fossil Fuels market, oil and gas company Lundin Energy sold what has been described as the world’s first-ever certified carbon neutrally produ
Stronger price environment pushes Eni 1Q profit past $1 billion
Italian oil and gas company Eni booked a net profit of over $1 billion in the first quarter of the year due to a strengthened upstream price environment.
An Industry First: Dutch Gas Platform to Run Entirely on Offshore Wind Power
Dutch oil & gas exploration and production operating company ONE-Dyas plans to power a platform at a North Sea gas extraction field solely by the electricity from the Riffgat offshore wind farm in the German part of the North Sea. ONE-Dyas, together with partners Hansa Hydrocarbons and EBN, aims to
Total’s profit back to pre-pandemic levels
French major Total reported a jump in profit for the first quarter of 2021, benefiting from the rising oil and gas prices.
Equinor posts best quarterly results since 2014
Norwegian oil and gas company Equinor recorded a profit of $1.85 billion in the first quarter of the year due to price recovery, sustained cost improvements, and “strict capital discipline”.
In ‘strong start to 2021’ Shell almost doubles first-quarter earnings
Energy supermajor Shell has nearly doubled its earnings in the first quarter of 2020 due to higher realised oil prices and chemicals margins.