Fossil Energy
Popular news, July 22 – 28, 2019
Offshore Energy Today’s most popular news of the past week.
Eni sees profit drop in 2Q
Italian oil and gas company Eni saw its profit drop by 66% in the second quarter 2019 when compared to the same period last year.
Aker BP gains consent to use Deepsea Stavanger rig for North Sea well duo
Norwegian oil company Aker BP has received consent from the Petroleum Safety Authority (PSA) for exploration drilling in the North Sea offshore Norway, using the Deepsea Stavanger rig.
Mammoet to acquire rival heavy lifter ALE
Dutch heavy lifting and transportation company Mammoet has agreed to buy UK rival firm ALE for an undisclosed amount.
Nord Stream 2 asks court to annul gas directive amendment ‘because of discrimination’
Nord Stream 2 AG has brought an action for annulment of the amendment to the EU Gas Directive before General Court “because of discrimination.”
Equinor to take over operatorship of Soliton’s UK North Sea license
Soliton Resources, a privately held oil and gas exploration company, has farmed out its UK Central North Sea Licence P2390 (Blocks 23/26e and 30/1d) to Equinor UK.
IOG farms out North Sea assets
Independent Oil and Gas (IOG) has entered into binding agreements to farm out 50 per cent of its Southern North Sea assets, excluding Harvey, to CalEnergy Resources Limited.
Equinor in small oil discovery in North Sea
Norwegian oil and gas company Equinor has made a small oil discovery in production license 167 at the Utsira High in the North Sea. According to the Norwegian Petroleum Directorate’s report on Friday, Equinor has completed drilling appraisal wells 16/1-30 S and 16/1-30 A located in the North Sea. Th
Transocean adds $158M to backlog through five rig deals
Offshore drilling firm Transocean has added five drilling rig contracts since its previous rig fleet status report in April.
Lower profit and revenues for Subsea 7 in 2Q
Subsea 7 saw a decrease in both profit and revenues during the second quarter 2019 affected by lower activity in its Renewables and Heavy Lifting business unit.
SeaBird closes acquisition of second BOA vessel
Seismic vessel operator SeaBird Exploration has completed the acquisition of the second vessel from Norwegian vessel owner BOA Offshore, the BOA Galatea. SeaBird announced its intention to buy two vessels from BOA Offshore – the BOA Thalassa and BOA Galatea – back in April 2019. The final agreement
Total plans $5 billion in asset sales as second quarter profit slips on lower oil prices
Total has said it plans to sell about $5 billion worth of assets, mostly from its Exploration & Production business.
TechnipFMC books smaller profit, but sees record inbound orders
TechnipFMC booked a smaller profit in the second quarter of the year despite a 16% increase in revenues when compared to the same period last year.
Equinor posts increase in 2Q net income, cuts Johan Sverdrup costs
Norwegian oil and gas company Equinor recorded an increase in its second quarter 2019 net income while its earnings were down compared to the last year’s quarter.