Fossil Energy
SeaBird stays in red despite revenue boost
Oslo-listed SeaBird has recognized net loss of $0.3 million for Q1 2020, against net loss of $0.4 million in the same period in 2019. SeaBird recorded revenues of $25.3 million in Q1, a 105 per cent increase compared to $12.3 million in Q1 2019. Significant part of revenues in Q1 2020 relates to a 3
Descalzi gets third term as Eni chief executive officer
Italian oil major Eni has chosen Claudio Descalzi to be its chief executive officer (CEO) for the third time. The company has also named its new chairwoman and members of board committees.
Hydrogen on oil and gas industry’s decarbonisation horizon
Hydrogen has surged up the priority list of many oil and gas organizations, taking a primary position in the sector’s decarbonization efforts, according to a new report by DNV GL.
TechnipFMC pipelayer sets new world record
London-based TechnipFMC said that its pipelay vessel Deep Energy has set a new world record for the stiffest pipe ever installed from a Reel-Lay vessel. The landmark was achieved while laying the P1 oil production pipe-in-pipe at Neptune Energy’s Duva- Gjøa P1 field. Nicolas Pallin, senior specialis
Prosafe contract hangs in the balance as Shell delays Shearwater work
The future of Prosafe’s contract for the Safe Zephyrus flotel with Shell is uncertain following Shell’s decision not to perform its previously planned work at the Shearwater field this year.
Odfjell Drilling profit up despite oil price turmoil and COVID-19
Due to the limited impacted of the COVID-19 outbreak during the first quarter of 2020, offshore drilling contractor Odfjell Drilling was able to post a higher profit than in the first quarter of 2019.
Yard lockdown pushes back Premier Oil’s project start-up
Oil and gas company Premier Oil has pushed back the forecast of first gas for the Tolmount project, located in the Southern North Sea.
Ideol and Kerogen Capital to test waters for offshore wind-powered oil & gas platforms
Ideol has entered into a Memorandum of Understanding (MoU) with Kerogen Capital to assess the benefits of using offshore wind to power oil & gas platforms. Ideol stated that the focus of the initiative will be to combine the Damping Pool, its floating offshore wind solution, with Kerogen’s internati
Neptune boasts world’s first dual drilling from subsea template
Oil and gas company Neptune Energy has conducted ‘the world’s first’ dual drilling operation from an integrated subsea template structure at the Fenja field in the Norwegian North Sea.
Go-ahead for Spirit Energy’s Barents Sea drilling plans
Oil and gas company Spirit Energy has been given a drilling permit to drill the 7321/8-2 S well in the Barents Sea, offshore Norway.
Bristow and Era set up new leadership team as merger date nears
Offshore helicopter operator Bristow and its peer Era Group have created a new global organization structure and selected the executive leadership team for the combined company.
Esvagt to reduce employee pay over COVID-19, oil price drop
Offshore vessel provider Esvagt has decided to streamline its operations and reduce pay to its workers and management to combat the consequences of the decreasing energy prices and COVID-19.
Lundin cleared to drill Barents Sea well
Swedish oil company Lundin Energy has been given a drilling permit to drill the 7219/11-1 well in the Barents Sea, offshore Norway.
PGS kicks off Viking Graben extension project
PGS seismic vessel Ramform Vanguard has begun a new multi-azimuth marine seismic survey in the North Sea. This industry-funded project further extends the GeoStreamer X area within the Viking Graben by 1160 square kilometres. Norwegian seismic player said the first data is due in the third quarter 2