Fossil Energy
DNV GL looking to prove value of oil & gas digital twins
DNV GL has issued an international call to oil and gas operators and the supply chain to pilot a methodology that could prove whether the data generated by digital twins can be trusted and if the technology is delivering value.
Ineos pushes charter of Floatel unit to 2021
A charter for a Floatel International-owned flotel with Ineos in the UK North Sea has been postponed for 2021.
Equinor slashes quarterly cash dividend by two thirds
Norwegian oil major Equinor has decided on a cash dividend of $0.09 per share for the first quarter of 2020, a reduction of 67 per cent compared to the fourth quarter of 2019.
Helix Energy Solutions swings to quarterly loss
Houston-based offshore services and robotics specialist Helix Energy Solutions has reported net loss of $11.9 million, or 9 cents per diluted share, for the first quarter of 2020 compared to $1.3 million profit for the same period in 2019. Sequentially, profit fell from $8.1 million of 5 cents per d
Repsol Sinopec expands Petrofac’s scope of support on UK assets
Petrofac is preparing to extend its provision of operations and maintenance services to Repsol Sinopec Resources UK following an enhancement to its existing contract.
Early terminations and day rate reductions for Valaris rigs
Valaris has seen a number of its drilling contracts terminated and day rates slashed as oil and gas operators are looking to reduce costs.
TechnipFMC books $3.25B loss; cuts execs pay and dividend
TechnipFMC has reported first-quarter 2020 loss of $3.25 billion or $7.28 per diluted share against $21 million profit same time last year. The services major has seen the results affected by after-tax charges and credits totaling $7.17 per share, primarily driven by non-cash impairment charges. Tec
Borr takes another rig delivery from Keppel
Singapore’s offshore rig builder Keppel Offshore & Marine has delivered a newbuild jack-up rig, named Hild, to Borr Drilling.
U.S. SEC closes Eni investigation
The U.S. Securities and Exchange Commission is closing its investigation into Eni related to its involvement into a license located offshore Nigeria as well as its activities in Congo.
Aker BP kicks off production from Norwegian well three years ahead of schedule
Aker BP has started production from the first Ærfugl phase 2 well in the Norwegian Sea – three years ahead of the original plan.
Equinor makes changes in exploration leadership
Norwegian oil major Equinor has appointed a new executive vice president of its Exploration division.
Investigation launched after lifting incident on Equinor’s platform
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has decided to investigate a lifting incident involving a personal injury on Equinor’s Oseberg B platform.
Safety issues found during audit of Equinor’s Troll A
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found irregularities during an audit of Equinor’s management of major accident risk and barriers on the Troll A platform.
High impact exploration in 2020 down but not out, Westwood says
Exploration plans are being redrawn and the well count is expected to drop by as much as 35 per cent on 2019 levels due to the “double whammy” of the oil price collapse and COVID-19 pandemic, according to market research provider Westwood Global Energy Group.