Fossil Energy
Popular news, April 22 – 28, 2019
Offshore Energy Today’s most popular news of the past week.
Total profit falls despite output growth
French oil and gas company Total recorded a 4 percent decrease in first quarter profit while its production grew by 9 percent.
TechnipFMC profit dips but orders grow
Oilfield services provider TechnipFMC recorded a decrease in quarterly profit and revenues but saw an increase in orders.
Equinor plugs North Sea duster
Norway’s Equinor has drilled another dry well with the Transocean Spitsbergen rig in the North Sea, offshore Norway.
Aker BP profit slips on lower sales volume and prices
Norwegian oil and gas company Aker BP saw a decrease in its quarterly profit and revenues due to a combination of factors including lower sales volume and prices and higher costs. According to Aker BP’s financial statements published on Friday, the company’s total income in 1Q 2019 was $836 million
EnscoRowan takes delivery of new jack-up rig from Keppel
Singapore’s rig builder Keppel Offshore & Marine’s subsidiary Keppel FELS has delivered ENSCO 123 jack-up rig to EnscoRowan on schedule and with zero lost-time incidents.
Two Chinese companies join Novatek’s Arctic LNG 2 project
Russia’s Novatek has entered into agreements with two Chinese companies under which they will acquire participating interest in Novatek’s Arctic LNG 2 project.
Sparrows amasses $39 million in revenues with UK contract renewals
Sparrows Group has secured contract renewals worth an estimated £30 million in revenue in the first quarter of 2019.
Standard Drilling buys Norwegian-built platform supplier
S.D. Standard Drilling has bought a platform supply vessel of a Havyard 832 design for just a little over $8 million.
Eni books higher profit, eyes production growth in 2019
Eni saw an increase in its first quarter 2019 net profit when compared to the last year’s performance. In 2019, Eni expects its production to grow fueled by ramp-up at new fields.
KCA Deutag lands drilling contract extension in North Sea
KCA Deutag’s Offshore business unit has been awarded an extension to its existing contract with CNOOC Petroleum Europe Limited for the Scott platform, which it operates in the UK North Sea.
Lundin to use Leiv Eiriksson rig for North Sea wildcats
Lundin has received consent from the Petroleum Safety Authority to drill exploration wells offshore Norway, using the Leiv Eiriksson drilling rig.
Equinor takes Stril Pioner PSV on a four-month ride
Norwegian oil and gas company Equinor has hired Simon Mokster’s Stril Pioner supply vessel on a four-month firm contract.
Archer to service Chevron’s North Sea platforms for five more years
Chevron has awarded a five-year firm contract to Archer for the provision of platform drilling services in the UK.