Fossil Energy
Claxton equipment set for MOL’s first Norwegian well
Claxton has been contracted to support MOL Norge on its first well program on the Norwegian Continental Shelf.
Popular news, October 22 – 28, 2018
Offshore Energy Today’s most read news of the week
Higher oil prices boost Total’s 3Q profit
French oil major Total posted a 45 percent increase in the third quarter 2018 profit, boosted by higher production and oil prices.
Serica resumes Erskine flows
Serica Energy has managed to resolve issues with the Erskine to Lomond production line in the North Sea, and production from Erskine has resumed.
Eni’s 3Q profit at $1.7 billion. Production flat
Italian oil company Eni posted a net profit of EUR 1.5 billion in the third quarter of 2018, versus a net profit of 344 million euros in the corresponding quarter a year ago.
Shell Netherlands CEO christens Wagenborg’s W2W vessel
Offshore vessel operator Wagenborg has christened new walk-to-work vessel at a ceremony held in the port of Den Helder, The Netherlands.
Ex-Afren executives guilty of fraud and money laundering
Former executives of now-defunct oil company Afren were found guilty of fraud and money laundering offenses from which they personally received more than $17m and laundered $45m
Green light for Ithaca Energy’s Jacky decommissioning plan
Ithaca Energy has received an approval from the UK authorities for the decommissioning program of its Jacky field located in the UK sector of the North Sea.
Golden Energy gets loan for OCV/IMR vessel acquisitions
Oslo-listed offshore vessel owners Golden Energy Offshore Services has secured a bank loan to buy OCV/IMR vessels Larissa and Despina.
TechnipFMC posts higher profit despite lower revenues
Oilfield services provider TechnipFMC has recorded an increase in its third quarter profit despite lower revenues.
Higher oil prices lift Equinor’s 3Q profit
Norwegian oil company Equinor has returned to profit in the third quarter of 2018, posting a net income of $1,6 billion, compared to a net loss of $478 million a year ago.
Moody’s downgrades Eni’s credit rating
Credit rating’s agency Moody’s has downgraded Italian oil company Eni’s long-term credit rating to Baa1 from A3 with Stable Outlook.
PHOTO: Heerema in ‘revolutionary’ lifting drill in Gulf of Mexico
Dutch heavy lifting specialist Heerema Marine Contractors has carried out an offshore maneuver that the company says will “redefine the boundaries of lifting operations offshore.”
Woodmac: Oil firms need to start spending $600B a year to meet demand
Oil and gas companies need to start spending more – around $600 billion a year – to satisfy future demand growth.