Fossil Energy
Eni’s 3Q output soars, but profit slumps
Italy’s Eni has reported a 66 percent drop in net profit, and a spike in production compared to the third quarter of 2018.
Serica’s North Sea field gets two-year OFAC clearance
The UK oil company Serica Energy has received assurances from the U.S. authorities that it can continue producing gas from the Rhum offshore field in the UK North Sea without fear of the U.S. sanctions.
CNOOC drills duster offshore UK
CNOOC Petroleum Europe Limited has drilled a dry well located West of Shetland. CNOOC Petroleum Europe Limited, a wholly-owned subsidiary of CNOOC Limited, confirmed to Offshore Energy Today on Thursday it had drilled and completed its Howick exploration well, 206/21-1, located West of Shetland. The
TechnipFMC profit tumbles ahead of separation
Oilfield services company TechnipFMC saw its third quarter 2019 profit drop despite increase in revenues due to charges and credits compared to the same period last year. According to TechnipFMC’s quarterly report published on Wednesday, the company’s revenue in the third quarter 2019 was $3.3 billi
Refinitiv: Johan Sverdrup crude game-changer for North Sea and global oil market
First oil cargo from the giant Johan Sverdrup field in the North Sea started loading onto tankers on Thursday following its arrival from the offshore field to the Mongstad plant north of Bergen earlier this week.
Saipem’s 3Q revenue and profit rise
Italian energy services provider Saipem reported a rise in 2019 Q3 revenue and profit.
Equinor’s Peregrino C jacket sails to final destination in Brazil
The Peregrino C jacket, built by Heerema Fabrication Group for Equinor, has left a fabrication yard in the Netherlands and sailed away to Brazil.
Equinor swings to loss on lower prices and production
Norwegian oil and gas giant Equinor slipped to a loss in the third quarter of 2019 impacted by lower prices.
OMV completes appraisal of Iris discovery
OMV Norge is in the process of completing the drilling of appraisal well 6506/11-11 S on the 6506/11-10 (Iris) gas/condensate discovery in the Norwegian Sea.
New UK North Sea oil firm buys Endeavour Energy UK
A new player buys an interest in the Alba, Bacchus, Bittern, and Enoch fields.
Aker Solutions eyes renewable and low carbon growth
Aker Solutions aims to generate about half of its revenue from renewable or distinct low carbon solutions by 2030, according to the company’s 20/25/30 strategy.
UK: Buzzard field still offline after second shutdown this month
The CNOOC Petroleum Europe Limited-operated Buzzard field, located in the UK North Sea, remains shut in a week after its second shutdown this month.
VIDEO: Offshore gas platform helping with energy transition
Oil and gas exploration and production company Neptune Energy is helping the Dutch energy system transition to a lower-carbon future.
Aker Solutions profit drops, but revenues rise on increased activity
Aker Solutions recorded a decrease in its third quarter 2019 profit, but its revenues jumped by 9% driven by increased activity levels compared to the same period last year.