Fossil Energy
Lundin sees profit drop despite spike in revenues
Swedish oil company Lundin Petroleum saw its profit drop in the third quarter of 2018 despite higher revenues.
U.S. sanctions on Iran make market vulnerable to oil demand spikes, Woodmac says
The U.S. on Monday imposed sanctions on Iran’s energy, shipping and shipbuilding, and financial sectors, a move which is expected to have a negative impact on the Iranian oil and gas exports.
CCS as a lifeline to reaching Paris goals
Carbon Capture and Storage is a set of techniques and technologies aimed at capturing CO2 from various industries and storing it underground, in depleted oil and gas fields, or in aquifers.
Maersk Drilling lands new gig for Resilient rig
Maersk Drilling has been awarded a letter of intent by an unnamed operator for its jack-up rig Maersk Resilient.
Shell hands in Goldeneye decom plan to UK authorities
Oil major Shell has submitted its draft decommissioning program for the Goldeneye field installations and pipelines located in the North Sea to the UK authorities. The Goldeneye field is a normal temperature, normal pressure gas condensate field located in blocks 14/28b, 14/29a, 20/3b and 20/4b of t
Prosafe: Tendering activity continues to pick up
Prosafe has said that tendering activity continues to pick up in the North Sea market as well as internationally.
MacGregor gains clearance from German regulator to buy marine & offshore businesses of TTS
MacGregor has received a clearance decision from the German Federal Cartel Office for the acquisition of the marine and offshore businesses of TTS Group.
UK: Offshore workers to strike over pay
The UK offshore workers covered by the Offshore Contractors Association (OCA) agreement have voted for industrial action.
CFO elected to join Wintershall DEA on closing of merger
BASF and LetterOne have agreed to appoint Paul Smith as future Chief Financial Officer and member of the Management Board of Wintershall DEA.
Serica further boosts Rhum, Keith interests
UK-listed company Serica Energy has signed an agreement to further increase interests in the Bruce and Keith fields in the UK North Sea.
Golden Energy platform supplier gets more time with Wintershall
Golden Energy Offshore Services has secured a contract extension for its Energy Swan platform supplier with Wintershall Norge.
Fugro in pact with L3 ASV to create autonomous vessels for survey market
Fugro has signed a joint development agreement with L3 ASV to create the next generation of autonomous vessels for the commercial survey market.
GC Rieber secures four-month charter for Polar Queen vessel
GC Rieber Shipping has entered into a time charter agreement with a European offshore client for the CSV vessel Polar Queen.
Benefits and challenges of offshore platform electrification
Electrifying the existing Dutch North Sea offshore oil and gas platforms from shore and from offshore wind farms could help reduce CO2 emissions by one megaton per year.