Fossil Energy
BP profit soars on higher oil and gas prices
Driven by higher oil and gas prices, BP saw its profit soar in the third quarter of 2021 when compared to the same period last year.
Fresh contracts pour in for offshore rig owners as market continues to recover
Offshore rig owners are reaping the benefits of market recovery with more and more players hiring rigs for their exploration plans.
ExxonMobil strikes out on Canje block but new 12-well campaign on the horizon
Following two previous dry wells, ExxonMobil has also failed to find commercial hydrocarbons in its third well on the Canje Block, off Guyana.
McDermott focusing on final piece of the puzzle for Tyra
Following the sail away of two bridges and a flare, McDermott is focusing on completing a final piece of the puzzle for Tyra.
Sylvia Boer on AYOP’s DecomMissionBlue initiative
Sylvia Boer, director of Amsterdam IJmuiden Offshore Ports (AYOP), shares more about the association’s recently launched DecomMissionBlue initiative to tackle the growing challenge of decommissioning and recycling offshore and maritime objects and other old assets.
Solstad gets its hands on another contract extension
Solstad Offshore has won a contract extension with Conoco Phillips for a platform supply vessel for operations offshore Norway.
OEEC 2021 first day talk shows & energy transition talks recap with Maarten Bouwhuis
The OEEC Conference Programme Moderator Maarten Bouwhuis provides a quick recap on the insights shared by the major industry figures who spoke during the sessions of the first day of the event.
Vaalco gets more crude oil after well workovers offshore Gabon
Houston-based Vaalco Energy has completed two well workovers at the Etame field offshore Gabon.
Equinor confirms sixth discovery on Norwegian shelf this year
Norwegian oil and gas giant Equinor has confirmed oil discovery in the Egyptian Vulture exploration well located in the Norwegian Sea.
Chevron boasts highest earnings since 2013
Chevron has reported the highest third-quarter earnings since the first quarter of 2013 due to improved market conditions, strong operational performance and a lower cost structure.
Mermaid Subsea purchases pipelay vessel for Thai decom operations
Mermaid Maritime’s wholly-owned subsidiary Mermaid Subsea Services Thailand (MSST) has signed a Letter of Intent (LoI) with Swiber Holdings for the purchase of the pipelay vessel.
U.S. offshore rig count comes to a standstill
After slowly climbing up for two weeks, the number of offshore rigs in the U.S. stopped its upward movement and remained flat at 13 last week.
In focus: Ships, oil & gas platforms to get greener by the day with clean fuels and renewables
Massive investment announcements and ambitious new developments in the energy and shipping sectors marked this week on Offshore Energy (well, together with our Offshore Energy Exhibition & Conference), as work on the global energy transition is moving forward through numerous new initiatives.
Shell hits record cash flow while 3Q profits drop
Shell has posted lower than anticipated earnings, which reflect the adverse impact of Hurricane Ida, while its cash flow from operations hit a record of $17.5 billion.