Fossil Energy
Lundin’s profit, output down
Swedish oil company Lundin Petroleum saw its profit drop to $54.9 million in the first quarter of 2019, compared to $228.8 million earned in 1Q 2018. Revenues for the quarter fell to $491.6 million, from $692.9 million a year ago.
Subsea 7 remains in red despite higher revenues
Subsea 7 recorded a loss during the first quarter of the year while its revenues increased driven by its SURF and Conventional business unit.
Shell’s 1Q profit dips but beats expectations
Oil major Shell on Thursday reported $5.4 billion earnings on a CCS basis, excluding identified items for the first quarter of 2019. This is a two percent drop compared to the first quarter of 2018, but still, a better result than analysts expected.
Equinor gains consent to use West Phoenix rig for North Sea drilling
Norwegian oil major Equinor has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for exploration drilling in the North Sea using the West Phoenix rig.
Allseas, Kvaerner win Statfjord A platform removal job
Statfjord A does a full circle. Built at Stord, demolished at Stord.
Wintershall Norge selects Oceaneering to support West Mira rig in Norway
Oceaneering International has recently secured a drilling and completion support contract for integrated services with Wintershall Norge.
Spirit Energy picks Craig International for procurement services in UK
Craig International has secured a contract with Spirit Energy, which is potentially worth £21 million ($27.4m) over seven years.
Fredriksen’s Northern Drilling orders another newbuild at a discount price
Fredriksen’s Northern Drilling orders another newbuild at a discount price
Maersk Supply Service appoints new chairman
Offshore vessel specialist Maersk Supply Service has named Henriette Thygesen its new Chairman of the Board of Directors as of June 1, 2019.
Wintershall and DEA merge into Wintershall DEA – ‘largest independent oil and gas company in Europe’
“Size is very important in this industry. Very rarely do you have the opportunity to create a company of this scale and quality”
FutureOn launches offshore oilfield digital twin platform
Oilfield software specialist FutureOn has launched a cloud-based platform which enables the digital twin of an offshore field from first concept to first oil and beyond.
Allseas vessel starts laying Nord Stream 2 pipes in Russian waters
Allseas-owned pipelay vessel Solitaire on Tuesday started laying the first line of the Nord Stream 2 twin gas pipeline in Russian waters.
Equinor and Faroe complete Norwegian asset swap deal
DNO ASA has announced the completion of the asset swap agreement between Equinor and Faroe Petroleum, a wholly- owned subsidiary of DNO, following approval by Norwegian authorities.
Acta Centaurus W2W vessel ready for offshore work
Norwegian offshore vessel builder Ulstein has delivered the walk-to-work vessel Acta Centaurus, and the vessel is now set to be deployed for offshore work. The Acta Centaurus, owned by Acta Marine, is about to set sail for her first offshore wind assignment. “Building on experience with our first Ul