Fossil Energy
Golar LNG profit slips, FLNG Hilli Episeyo hits cargo milestone
Golar LNG, owner and operator of LNG midstream infrastructure, saw its fourth-quarter profit dwindle.
Borr Drilling nets new deals for jack-up rigs
Borr Drilling has won a new contract and signed four letters of intent and one letter of award for its fleet of jack-up drilling rigs.
Seven oil players apply for production licences off Norway
Seven oil and gas companies have applied for production licences in the 25th licensing round offshore Norway, focusing on the Barents Sea.
Report: Baker Hughes and others quit Nord Stream 2 amid threat of sanctions
Baker Hughes, AXA Group, and 16 other companies have reportedly abandoned work on the Nord Stream 2 pipeline project and will not be sanctioned by the U.S.
TWMA wins first job with Spirit Energy in North Sea
Specialist drilling waste management company, TWMA, has secured a seven-figure contract with an exploration and production company, Spirit Energy.
TechnipFMC stays in the red
UK-based TechnipFMC has reported fourth-quarter 2020 loss of $39 million or 9 cent per diluted share against $2.4 billion loss same time last year. Adjusted diluted earnings per share was 5 cents, with analysts projecting some 20 cents. Revenue for the quarter was down from Q4 2019 some eight per ce
EnQuest farms down North Sea field to Hibiscus
EnQuest is farming down its interest in the Eagle discovery in the UK North Sea to Anasuria Hibiscus for a nominal consideration of $1.
Subsea 7 reports $1.1 billion loss in 2020
Subsea 7 has recognised a major loss in 2020, mostly on impairment charges, but increased its backlog by 20 per cent and kept revenue down only five per cent compared to 2019. The engineering and construction specialist recognised 2020 net loss of $1.1 billion, against loss of $82 million in 2019. I
Nexstep launches first-ever joint well decommissioning campaign
The Nexstep partnership, consisting of six oil and gas operators in The Netherlands, is working on a large campaign to decommission oil and gas wells within a single campaign.
Transocean lands higher day rate for drillship and more work for idle rig
Offshore drilling contractor Transocean has secured more work for a drillship in the Gulf of Mexico and for a semi-submersible in Myanmar.
Rumours of $100 oil return as crude recovers from Covid grip
While the oil price collapse is still fresh in our minds, rumours are starting to emerge that by the end of next year prices could once again top $100 a barrel.
NEO Energy snaps up ExxonMobil’s North Sea assets for over $1bn
HitecVision-backed NEO Energy is acquiring a major portfolio of non-operated oil and gas assets in the Central and Northern North Sea from ExxonMobil.
Saipem develops CO2 estimation tool for offshore projects
Italian oilfield services company Saipem has developed a new tool for the estimation of the carbon footprint of its offshore projects.
Polar Onyx gets North Sea gig
GC Rieber Shipping has secured a new charter for the SURF vessel Polar Onyx in the North Sea. Earlier this week, the Norwegian shipowner also agreed a charter extension with DeepOcean for the Polar Onyx. The deal will be in direct continuation of the ongoing charter in Ghana. The extension will see