Fossil Energy
Offshore deepwater oil production one of cheapest sources of new supply as costs reach new low, Rystad says
Oil production costs have reached a new low, making deepwater one of the cheapest sources of new supply, according to Rystad Energy.
Red numbers for PGS
PGS has seen red in the third quarter of 2020 as revenues fell close to 70 per cent. The Oslo-listed seismic player reported quarterly loss of $32.6 million, or 8 cents per share on revenues of $85 million. This result compares against profit of $31.5 million on $276.5 million revenues in the prior-
Shearwater wins new 3D seismic gig
Seismic exploration company Shearwater GeoServices has landed a deal for large 3D seismic acquisition and depth processing. According to the company, the work scope is in the Europe, Africa and Middle East (EAME) region. The survey, for an undisclosed national oil company, should take six months to
TechnipFMC Q3 loss narrows
UK-based TechnipFMC has reported third-quarter 2020 loss of $3.9 million or 1 cent per diluted share against $119 million loss same time last year. Adjusted diluted earnings per share, excluding charges and credits, was 16 cents, with analysts projecting some 22 cents. Revenues for the quarter were
Archer lands extension for services on seven UK North Sea installations
Archer has secured a two-year contract extension with a major North Sea operator for the provision of platform drilling operations and maintenance services.
Third loss in a row for Baker Hughes
Oilfield services major Baker Hughes has booked $170 million loss in the third quarter of 2020, against $57 million profit same time last year. The bottom line took a hit due to revenue drop, asset impairments, restructuring and separation related charges. This was also the company’s third straight
PGNiG to buy Danish offshore gas from Ørsted
Danish offshore wind developer Ørsted has signed a deal to sell gas to Polish oil and gas company PGNiG under a multi-year contract.
Spanish yard set to deliver Johan Sverdrup module
Spanish yard Navantia has completed and is ready to deliver a module built for the Equinor-operated Johan Sverdrup field located offshore Norway.
Enagás posts nine-month profit rise
Spanish LNG terminal operator Enagás reported a 4.7 per cent rise in its nine-month profit.
OOS Serooskerke starts sea trials
The OOS Serooskerke semi-submersible crane vessel (SSCV) was towed out of the China Merchants Heavy Industry (CMHI) shipyard in Jiangsu on 9 October for thruster installation and to undergo sea trials in the waters around the Zhoushan archipelago. The total length of the vessel is 137.75 metres, the
Green light to Wintershall Dea for Dvalin start-up
Norwegian authorities have issued consent to Wintershall Dea for the start-up of the Dvalin field located in the Norwegian Sea.
Extinction Rebellion activists dump manure outside BP’s UK office accusing it of greenwashing & gaslighting
Extinction Rebellion activists have dumped manure in front of BP’s offices in Aberdeen as part of its protest against the fossil fuels industry.
Equinor setting the scene for Northern Lights project with ‘first big contract’
Equinor is pushing forward with the development of the Northern Lights, a carbon capture and storage project in Norway.
Norwegian offshore watchdog launches probe into serious incident on West Bollsta rig
The Petroleum Safety Authority Norway has begun an investigation of the incident on the West Bollsta rig when a length of riser fell from the handling equipment during lifting.