Fossil Energy
Solstad gets rid of platform supply trio
Norwegian offshore vessel owner Solstad Offshore has decided to sell three of its platform supply vessels (PSVs).
Shell’s earnings sink on lower prices and volumes
Shell recorded an 87 per cent decrease in its 4Q 2020 adjusted earnings due to lower oil and gas prices and production volumes.
EnQuest to buy Golden Eagle from Suncor
EnQuest has signed an agreement with Suncor Energy to buy its entire non-operated equity interest in the Golden Eagle area.
Valaris drillship breaks free from moorings off Scotland
A Valaris-owned drillship has reportedly broken free from moorings at a port in Scotland prompting the need for a rescue operation.
Offshore EPC awards set for rebound in 2021
Outlook for the offshore engineering, procurement and construction (EPC) market in 2021 looks promising, boosted by projects deferred from 2020, according to market research provider Westwood. With a forecast of $29 billion firm or already awarded contracts and a further $16 billion of probable and
Three players develop green solution to cut emissions in drilling operations
A collaborative, green solution developed by COSL Drilling Europe, Kongsberg, and NOV is poised to generate savings in offshore drilling operations.
Stena Drilling in push to decarbonise exploration drilling
Stena Drilling has entered into a strategic framework agreement for decarbonisation exploration with dCarbonX for the development of “geoenergy” resources.
Sparrows lands five-year contract renewal in North Sea
Sparrows Group has been awarded a five-year contract renewal with a UKCS operator to continue supporting its production across two assets.
Shell, C3 AI, Baker Hughes, and Microsoft roll out Open AI Energy Initiative
Shell, C3 AI, Baker Hughes, and Microsoft have launched the Open AI Energy Initiative (OAI), a first-of-its-kind open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries. Specifically, the OAI provides a framework for energy operators, service providers, e
TMC to supply compressors for Equinor’s Bacalhau FPSO
Norwegian TMC Compressors has been contracted to supply the marine compressed air system to the Bacalhau FPSO that is being built for Equinor.
Maersk Supply Service gets new CFO
Danish offshore vessel provider Maersk Supply Service has named a new chief financial officer (CFO) of the company with effect from 15 March 2021.
Polarcus fleet up for sale – all employees face layoffs
Seismic player Polarcus has received notification from the lenders that they no longer support the continuation of the company’s operations. Following the recent loan default, Polarcus’ lenders took control of its vessels and shipholding unit and also replaced the directors of its subsidiaries contr
Depressed demand drags BP profit down
BP recorded a significant decrease in its quarterly profit due to lower demand, exploration write-offs, and lower oil and gas prices
AGR inks strategic framework deal with dCarbonX
Energy consultancy AGR said that its Well Management business unit has entered into a strategic framework agreement for decarbonisation exploration with UK-based dCarbonX. The Scope covers supporting dCarbonX in the development of GeoEnergy resources. This includes carbon capture, use and storage (C