Fossil Energy
Aker Solutions remains positive despite loss
Aker Solutions has seen red in the second-quarter 2020, as revenue dropped some 29 per cent and restructuring charges affected the company’s bottom line. The Norwegian services player booked Q2 2020 loss of NOK 171 million, against loss of NOK 11 million in the prior-year comparable period. This cam
Women – the hidden potential of oil and gas industry’s energy transition
The oil and gas industry has historically been a hard place for female workers. Now, with the oil and gas industry transitioning towards green energy, women workers could be the fresh workforce injection companies desperately need.
Gasum: maritime market sends mixed signals on recovery
The Nordic energy company Gasum is seeing mixed signals on the maritime market recovery.
Record output lifts Aker BP profit
Aker BP booked a higher profit in 2Q 2020 on the back of record-high production despite lower income impacted by low oil prices and the coronavirus pandemic.
Russia’s Gazprom hit hard in first quarter
Russian gas giant Gazprom posted a net loss in the first quarter of this year mainly due to lower prices and demand in Europe, and a weak rouble. Gazprom reported a net loss of 116.2 billion Russian roubles ($1.6 billion) in the January-March period. This compares to a profit of 535.9 billion rouble
Head Energy wins Brage extension with Wintershall Dea
Head Energy has been awarded an extension of a frame agreement with Wintershall Dea concerning modifications at the Brage platform offshore Norway.
Equinor hits minor oil discovery near Vigdis field
Equinor has made a minor oil discovery near the Vigdis field in the North Sea offshore Norway.
Dutch operator curbs gas production from North Sea field over low prices
Dutch operator Tulip Oil has reduced its gas production from the Q10-A gas field located in the Dutch sector of the North Sea due to low gas prices.
Rever Offshore delivers Serica campaign
Subsea services player Rever Offshore has recently completed a contract awarded by Serica Energy. This is the second campaign Rever has undertaken for the North Sea operator within a framework agreement from November 2018. The workscope, which took place in the North Sea’s Rhum field, was completed
Eni hands in decommissioning plan for six North Sea platforms
Italian oil and gas company Eni has submitted its plans for decommissioning of six platforms on the Hewett field to the UK authorities.
PGS concludes Viking Graben extension project
PGS has completed the second GeoStreamer X seismic survey in the Viking Graben. The GeoStreamer X Viking Graben 2020 extension project once again applied PGS’s latest technology innovations for advanced offset-and azimuth-rich data. The project builds on the 2019 GeoStreamer X pilot project in the s
Contract cancellation, extensions, and warm-stack mode for Noble rigs
Noble Corporation has received several new contract extensions for its drilling rigs and cancellation of a drilling contract in Vietnam.
UK oil industry welcomes gov’t measures to save jobs
The UK’s offshore oil and gas industry’s representative body Oil and Gas UK has welcomed the introduction of the Job Retention Bonus and other moves by the country’s Chancellor of the Exchequer Rishi Sunak to support trainees and jobs for young people.
Neptune Energy gears up for Dugong sidetrack
Neptune Energy has decided to drill a sidetrack well to further evaluate the size of its Dugong discovery located in the Norwegian sector of the North Sea.