Fossil Energy
Equinor eyes contractors for Northern Lights HDD works
Norwegian energy giant Equinor has invited contractors to show interest for a pre-qualification process related to the Horizontal Directional Drilling (HDD) works for the landfall of CO2 pipeline as part of the Northern Lights project.
Equinor makes corporate structure changes
Norwegian oil major Equinor has made changes in the corporate structure and the corporate executive committee.
Equinor gets green light for Snorre expansion start up
The Norwegian authorities have given oil major Equinor and its partners the consent to start work on the expansion of the Snorre field in the North Sea.
DOF Subsea makes management changes
DOF Subsea has appointed Martin Lundberg as acting chief financial officer (CFO) with responsibility for the corporate finance functions in the DOF Subsea Group.
Shelf Drilling selling five stacked rigs
Shelf Drilling is selling five of its stacked drilling rigs. The rig owner has also won a couple of new gigs while some contracts have been suspended.
Equinor mulls concept for Barents Sea oil field, hands out study contracts
Equinor has awarded contracts for concept studies to progress the Wisting project development, in the Barents Sea, towards a final concept select decision.
Chrysaor awards long-term gig to DOF platform supplier
Norwegian offshore vessel provider DOF has been awarded a contract for one of its vessels by the North Sea operator Chrysaor.
SBM Offshore picks LOC for marine warranty services on two FPSOs
LOC Group has been awarded new contracts with SBM Offshore to act as Marine Warranty Surveyor on two of its FPSO projects.
Subsea 7 drops to loss against a backdrop of sluggish activity
Subsea 7 slipped into the red in the third quarter 2020 on decline in activity in the sector and costs generated by the Covid-19 pandemic. The engineering and construction specialist recognised quarterly net loss of $43 million, against profit of $42 million in Q3 2019. This brings losses since the
Total and ADNOC team up to research carbon emissions reduction solutions
Total has signed a strategic framework agreement with ADNOC to explore joint research in the areas of CO2 emission reductions and CCUS.
DOF Subsea cuts third quarter loss
DOF Subsea has reported NOK 133 million loss in the third quarter of 2020, against NOK 1.1 billion in Q3 2019. The company generated operating revenue of NOK 1.2 billion, against NOK 1.15 billion same time last year. Revenue also includes cancellation fee of NOK 110 million for two long-term contrac
Spotlight on energy transition trends and developments
Achieving a more sustainable system will require a diverse energy mix – if we make the right choices. The energy transition has been talked about for many years, but now the pandemic has given the world an opportunity to make it happen more quickly. During the recently completed 13th Offshore Energy
Royal IHC prepares for job cuts as it returns to core offshore and dredging market
Royal IHC has decided to reorganise. This means that about 300 jobs will be lost in the Netherlands and about 300 in other locations.
Subsea 7 welcomes Seven Vega to its fleet
UK-based Subsea 7 has taken delivery of its newbuild reel-lay vessel Seven Vega. According to the company, the vessel is already operational and has started loading pipe for its first project. Royal IHC secured a shipbuilding contract in October 2017, following a letter of intent announced in Septem