Fossil Energy
Red numbers for Aker Solutions; Loss also expected in 2021
Norwegian energy services player Aker Solutions has seen its loss widened in the fourth quarter 2020 on impairments and lower activity, which led to some 30 per cent revenue drop. The Oslo-listed company recognised quarterly net loss of NOK 844 million, versus net loss of NOK 129 million in Q4 2019.
Transocean adds more work to backlog, retires Leiv Eiriksson rig
Transocean has secured new contracts for its fleet, bringing the total backlog to $7.8 billion, but it has also decided to retire the Leiv Eiriksson.
Equinor field at risk of shutdown over possible strike at Mongstad
Norwegian oil and gas company Equinor has warned that possible strike action at the Mongstad refinery could affect offshore fields on the NCS.
Vysus to support Norwegian offshore safety watchdog
Petroleum Safety Authority (PSA), the agency responsible for safety in the petroleum sector across the Norwegian continental shelf, has awarded a framework agreement with global engineering and technology company Vysus Group.
Rystad highlights subsea boosting as opportunity for more than 200 oil projects
Subsea boosting could make an immediate increase in production profitably on more than 200 oil projects globally, according to Rystad Energy’s newly launched Subsea Processing Screening Tool. The increase in recoverable reserves for the top 100 projects, out of more than 200 projects identified wher
Vantage to manage deepwater floaters for Seadrill Partners
Vantage Drilling has entered into an agreement to manage Seadrill Partners’ drilling rigs following the latter’s filing for Chapter 11 bankruptcy.
Harland & Wolff taking over BiFab Methil, Arnish sites
Owner of the Harland & Wolff shipyards, InfraStrata, is acquiring the assets of Scotland’s Burntisland Fabrication (BiFab) at Methil in Fife and Arnish in Western Isles. BiFab officially went into administration in December 2020 after a deal for jacket foundation work for the Neart Na Gaoithe (NnG)
OGA: New UK net-zero target strategy comes into force
The revised Oil and Gas Authority (OGA) Strategy featuring a range of new net-zero obligations for the UK oil and gas industry has come into force.
Maersk Drilling adds more work to backlog with new Shell and NAM deals
Offshore drilling contractor Maersk Drilling has won new contracts for two of its drilling rigs. One contract is with Shell and the other one is with NAM.
Another puzzle falls into place for Yinson’s FPSO
Palfinger has secured a contract with Yinson to provide cranes, lifeboats, a rescue boat, and davits for an FPSO bound for Brazil.
Equinor gets go-ahead to drill North Sea well
Norwegian oil major Equinor has been given a drilling permit to drill a new wildcat well in the North Sea, offshore Norway.
Two platform supply vessels to be sold for $6.6 million
Northern Supply, where S.D. Standard Drilling has indirect ownership, has entered into a memorandum of agreement to sell the two platform supply vessels.
Norway greenlights plan for partial electrification of Sleipner field
Norwegian Ministry of Petroleum and Energy has approved a revised PDO for partial electrification of the Equinor-operated Sleipner field off Norway.
Wintershall Dea completes Nova top holes
Oi and gas company Wintershall Dea has completed the top hole drilling campaign on the Nova field located in the North Sea offshore Norway. Wintershall Dea received consent from the Norwegian offshore safety body, the Petroleum Safety Authority (PSA), for production drilling and completion on the No