Fossil Energy
Europe’s second-largest gas supplier saw 29 pct increase in sales in 2018
Norwegian state-owned giant Equinor sold natural gas for around $26 billion in total in 2018, an increase of 29 percent from 2017.
Wintershall and DEA to axe 1,000 jobs after closing merger
Following the closure, the new entity, Wintershall DEA, plans to increase production by 40% by early 2020 and reduce staff by a total of 1,000 jobs in Germany and Norway.
New drilling contracts pour in for Ensco rigs
Offshore drilling contractor Ensco has secured new drilling contracts for the floater as well as jack-up part of its drilling fleet.
Maersk in push to list Maersk Drilling as standalone company
Danish shipping giant Maersk has started a process to “demerge” its offshore drilling business Maersk Drilling, living up to its August 2018 announcement it would split up with Maersk Drilling and list it as a standalone company, subject to shareholders’ approval.
Noble Corp. slips deeper into the red
Offshore driller Noble Corporation slipped further into the red during the fourth quarter of 2018 as its revenues dropped when compared to the same period in 2017.
Boskalis buys majority stake in UAE-based provider of marine surveys
Royal Boskalis Westminster has acquired a 62.5% majority stake in the Horizon Group from the United Arab Emirates.
Liebherr in crane modernization project on Molikpaq platform off Russia
Switzerland-based Liebherr is carrying out a modernization project on Sakhalin Energy’s Molikpaq platform off the Russian island of Sakhalin.
Equinor set to drill North Sea well
The Norwegian Petroleum Directorate has granted Equinor a drilling permit for well 25/6-6 S located in the North Sea offshore Norway.
‘Phantom’ volcanoes could hide more North Sea oil and gas
A study by the University of Aberdeen has raised the prospect of new oil and gas finds in the North Sea.
Transocean to scrap Eirik Raude semi-sub rig, as reactivation costs too high
After being stacked for over two years, the Eirik Raude semi-submersible drilling rig is set to be sold for scrap, as the new owner, Transocean, feels the reactivation costs would be too high.
Oceaneering bags two-year Tyra job
Oceaneering has been awarded an integrity management deal with Total to support its Tyra redevelopment project in the Danish North Sea.
Karsten Moholt wins framework agreement with Equinor
Norway’s Karsten Moholt has been awarded a framework agreement for condition monitoring, service and repair of rotating electrical and pertaining equipment on all of Equinor’s installations.
Nexans cuts first steel for its cable layer C/S Aurora
French offshore cabling specialist Nexans’ on Monday saw the first steel cutting ceremony for its new DP3 cable laying vessel, the C/S Aurora.
Spirit hands in decommissioning plans for South Morecambe installations
Spirit Energy has submitted its draft decommissioning programs for South Morecambe DP3-DP4 installations located off the UK to the country’s authorities.