Fossil Energy
Transocean books third quarter profit
Transocean booked a profit in the third quarter of 2020 backed by a gain on restructuring and retirement of debt, offset by a loss on disposal of assets.
DOF Subsea lands 2-year extension deal for Skandi Africa
Norwegian offshore vessel owner DOF Subsea has secured a 2-year contract extension for the DP3 construction support vessel Skandi Africa. The Oslo-listed DOF said the new contract will commence in direct continuation with the current contract. Skandi Africa is a high-end subsea vessel designed for h
Noble rig scoops North Sea deal with IOG
Independent Oil and Gas (IOG) has awarded a rig contract for its Core Project Phase 1 located in the UK North Sea to a Noble Corporation-owned jack-up rig.
Premier Oil gets support from creditors for Chrysaor merger
UK oil and gas company Premier Oil has received creditor support for the proposed merger with Chrysaor announced in October.
Well-Safe Solutions secures $33.6 million investment
Well abandonment services provider Well-Safe Solutions has secured a £26 million ($33.6 million) investment to fund the next phase of the company’s growth plan.
Rystad sees oil demand peaking in 2028 accelerated by Covid-19 and energy transition
The Covid-19 pandemic and energy transition are expected to expedite peak oil demand to 2028 and cut demand levels to 102 million bpd, according to Rystad Energy.
Dolphin Drilling gets new rig job in Norway
Offshore drilling contractor Dolphin Drilling has secured a new combined contract with Norwegian oil and gas operator DNO Norge.
Equinor advancing energy transition plans as new boss takes over
Norwegian oil and gas major Equinor has revealed its ambition to become a net-zero company by 2050 as its new boss is taking over his position.
Equinor makes minor gas discovery near Maria field
Norwegian oil major Equinor has made a minor gas discovery near the Maria field in the Norwegian Sea.
Polarcus swings to loss on major revenue drop
Marine seismic player Polarcus has slipped into the red in Q3 2020 as revenue fell some 76 per cent compared to prior year due to the global slow-down on the back of the COVID-19 pandemic. The Oslo-listed company reported third quarter 2020 loss of $13.5 million, versus profit of $13.7 million in Q3
Equinor books bigger loss as impairments bite
Norwegian oil and gas company Equinor saw its quarterly loss increase after being hit by impairments due to reduced future price assumptions.
TGS drops to quarterly loss
TGS has seen red numbers in the third-quarter 2020 with revenues down some 64 per cent amid challenging seismic market conditions. Norwegian seismic player reported net loss for the third quarter 2020 of $71 million, against $40 million profit same time last year. This corresponds to EPS of negative
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