Fossil Energy
TechnipFMC prepares for $2.4 billion impairment charge hit in 4Q
Oilfield services provider TechnipFMC expects $2.4 billion of non-cash asset impairment charges to impact its results in the fourth quarter of 2019.
New offshore installation vessel delivered to Island Offshore
Island Offshore has taken delivery of a new offshore installation vessel named Island Victory.
New gas module to boost production from Fram field
A new gas module that was recently put on stream on the Troll C platform offshore Norway will accelerate and boost production from the Fram field by substantial profitable volumes.
OPEC calls for extending oil production cuts amid coronavirus impact
OPEC has recommended extending oil production cuts until the end of 2020 due to the negative impact of the coronavirus outbreak on global oil demand.
Diamond secures over $50 million backlog with new North Sea extension
Diamond Offshore has been awarded a contract extension for one of its semi-submersible rigs. During the fourth quarter of 2019, Diamond managed to narrow its loss.
Eni orders two new shuttle tankers for North Sea from KNOT
Knutsen NYK Offshore Tankers (KNOT) has been awarded a contract to build two LNG-fueled shuttle tankers for Italy’s oil and gas company Eni.
Delek’s Ithaca to set up infrastructure company for North Sea assets
Israel’s Delek Group has said that its subsidiary Ithaca Energy has made a deal with an investment firm to set up a new infrastructure company for Ithaca’s North Sea operations.
Mermaid Maritime targets North Sea market
Thailand’s offshore vessel operator Mermaid Maritime has incorporated a subsidiary in the UK with an intention to provide its services in the North Sea.
Popular news, February 3 – 9, 2020
Offshore Energy Today’s most popular news of the past week.
January’s worldwide offshore rig count drops sequentially, but up 2 rigs year-over-year
The worldwide offshore rig count in January 2020 has dropped by 14 units sequentially but rose by two units year-over-year, according to a rig count report by Baker Hughes Company.
Aker Solutions books loss despite higher revenues
Aker Solutions sank to a quarterly loss despite a 6% increase in revenues, but the company expects an increase in global energy demand in the long-term.
Fugro begins site survey for i3 Energy’s upcoming drilling program
Dutch geophysical services provider Fugro has started a site survey for i3 Energy’s planned 2020 drilling program in the UK North Sea.
Total boosts quarterly profit despite lower price environment
French oil major Total booked an increase in quarterly profit despite a lower price environment as its production grew during the period fueled by new project startups and rampups.
Ulstein converts Heerema’s ‘Aegir’ to offshore heavy lift vessel
Norwegian shipbuilder and designer Ulstein has completed the conversion of Heerema’s deepwater construction vessel Aegir to a dedicated offshore heavy lift vessel.