Fossil Energy
Saipem clinches new batch of offshore contracts worth $500 million
Italian oilfield contractor Saipem has been awarded several EPCI contracts in various countries around the world worth over $500 million.
Havyard outsources construction of Atlantic Towing’s PSV to Kleven
The Norwegian shipbuilder Havyard has outsourced the construction of a newbuild platform supply vessel (PSV) for Canadian shipping company Atlantic Towing to Kleven.
Equinor slips to quarterly loss due to impairment charges
Equinor’s financial performance in 4Q 2019 was impacted by lower oil and gas prices and impairments despite record production during the period.
Hurricane abandons plan to connect Lincoln Crestal well for production this year
Hurricane Energy has revealed it will not tie back the Lincoln Crestal well, located in the West of Shetland region, for production through the Aoka Mizu FPSO this year.
Equinor plans to halve carbon intensity by 2050
Norwegian oil major Equinor has launched a new climate roadmap for the upcoming period of energy transition, in line with the Paris Agreement.
PGNiG in bid to find more oil in Shrek prospect
PGNiG Upstream Norway, a Norwegian subsidiary of Polish oil and gas company PGNiG, has hired Applied Petroleum Technology to conduct a post-drilling analysis of its recent Shrek discovery in the Norwegian Sea.
Wood sells industrial services business to Kaefer to cut debt
Energy services company John Wood Group has sold its industrial services business to technical services provider Kaefer for an initial cash consideration of around $104 million.
Greenpeace blocks BP’s headquarters on Looney’s first day as new boss
Greenpeace activists have delivered hundreds of solar panels and blocked an entrance to BP’s headquarters in London on Bernard Looney’s first day in the office as the company’s new CEO.
Repsol to make use of one-well option for Maersk drillship
Repsol has exercised a one-well option under its contract for the Maersk Drilling-owned drillship Maersk Valiant for operations offshore Mexico.
Lower dayrates and higher expenses drag Maersk Drilling into the red
Danish offshore driller Maersk Drilling recorded a net loss in 2019 and a decrease in revenues due to lower dayrates and higher financial expenses compared to the previous year.
Europa Oil & Gas lets go of license offshore Ireland
Europa Oil & Gas has elected to relinquish its interest in Licensing Option (LO) 16/19 in the South Porcupine Basin, offshore Ireland.
Uptime to provide access solutions for BP’s Tortue Ahmeyim project
Norway’s Uptime International has been awarded a contract from Eiffage Génie Civil Marine for the supply of access solutions for the LNG Hub Marine Terminal for BP’s Greater Tortue Ahmeyim LNG project offshore Mauritania and Senegal.
BP profit down on weaker oil and gas prices
Oil major BP saw its quarterly profit drop amid weaker environment despite higher production during the period.
Osbit hired to build new well intervention system
UK-based offshore engineering company Osbit has been awarded a contract to design and construct a new well intervention tower system.