Fossil Energy
Equinor sinks to quarterly loss due to low prices and impairments
Equinor recorded a loss in the first quarter of the year due to low oil prices and impairments of $2.5 billion but delivered a record-high production during the period.
Cairn Energy looking for chairman successor
Chairman of oil and gas company Cairn Energy has indicated that he will retire from the board of directors.
Deepsea Yantai rig cleared to drill in North Sea for Neptune
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has given its consent to Neptune Energy for exploration drilling in the North Sea using the Deepsea Yantai semi-submersible drilling rig.
Maersk Supply to axe jobs amid negative development in oil and gas market
Maersk Supply Services, a Danish offshore supply vessel provider, has decided to reduce its onshore organization due to challenging oil and gas market situation. In response to the negative development in the oil and gas industry, Maersk Supply Service said on Wednesday that it would reduce its onsh
Oil & gas regulator to support UK’s target to reach net zero by 2050
The UK Oil and Gas Authority (OGA) has revealed its intention to help the government achieve the target of net zero greenhouse gas emissions by 2050.
Aker BP swings to loss over impairment charges
Aker BP sank to a net loss in the first quarter of the year after being hit by impairments due to a significant decline in oil and gas prices.
Petrofac bags $100 million in contract renewals
Oilfield services provider Petrofac has secured contract renewals in the UK totalling $100 million.
Norden had its best first quarter since 2015
Although the first quarter of this year was characterised by weak spot rates in dry cargo and strong spot rates in tankers, Danish shipping company Dampskibsselskabet Norden A/S delivered an adjusted result of $29 million, compared to $7 million seen in Q1 2019.
Equinor to close Hammerfest LNG plant for maintenance
Norwegian energy giant and LNG operator Equinor will be closing its Hammerfest liquefied natural gas export plant as part of planned maintenance in May. Equinor will shut down the liquefaction facility located on Melkøya Island for two weeks starting in the second half of this month. The closure of
Equinor divests Lundin shares after boosting exposure in Johan Sverdrup
Norwegian oil and gas company Equinor has divested its minority shareholding in Swedish oil and gas company Lundin Energy.
Red ink for Repsol amid sharp drop in oil and gas prices
Repsol posted a significant quarterly loss after being hit by volatility and decline in oil and gas prices, but it delivered an increased output during the period.
Spirit Energy picks NHV for transfer services in East Irish Sea
Helicopter operator NHV Group has won a new long-term contract with Spirit Energy to provide passenger transfer services in support of their East Irish Sea operations.
AGS firms up North Sea contract with Equinor
Norwegian ocean bottom node seismic company Axxis Geo Solutions (AGS) has secured a contract with Equinor for OBN survey in the North Sea. The deal follows a letter of intent signed with an undisclosed client in February this year. According to the Oslo-listed firm, the survey should commence later
Total’s profit slips as oil prices tumble
Total recorded a 35 per cent decrease in its first quarter profit as oil prices tumbled during the period.