Fossil Energy
ExxonMobil’s 3Q profits surge
ExxonMobil has reported earnings of $6.8 billion in the third quarter of 2021 due to improved demand and strong operations.
ONE-Dyas hands in decom plans for Sean field in North Sea
ONE-Dyas has filed its decommissioning programme for three platforms, located in the Sean field of the UK North Sea, and handed them to the UK authorities.
Petrofac’s new refinancing plan requires $275M capital raise
Petrofac has decided to raise $275 million through new equity to create a long-term, sustainable capital structure and pay off existing debts as part of its refinancing plan.
Equinor increases share buybacks encouraged by boost in profits
Equinor recorded a profit of $1.41 billion in the third quarter of 2021 due to higher prices and solid operating performance.
Norwegians unveil plan to connect Draugen platform to floating wind farm
Norwegian floating wind technology developer Odfjell Oceanwind, exploration and production (E&P) company OKEA, and utility company TrønderEnergi have signed a Memorandum of Understanding to jointly evaluate the potential of developing a floating offshore wind farm that will be connected to the Draug
Eidesvik CEO stepping down to be replaced by current CCO
Eidesvik has revealed its current president and CEO will be retiring from the position, while the company’s current CCO was chosen as his replacement, effective from 1 January 2022.
Eidesvik PSV bags fresh extension from Wintershall Dea
Eidesvik Offshore has won a contract extension with Wintershall Dea for the platform supply vessel (PSV) Viking Princess.
Shell, Trafigura, AET and Saudi Aramco invest in Daphne Technology
Daphne Technology, a Swiss climate tech startup addressing the greenhouse gas (GHG) challenge, has attracted investments from industry majors in the second investment round.
Lundin to pay $320M for OMV’s interest in Wisting development
Lundin has entered into an agreement with OMV to pay $320 million for the acquisition of its entire 25 per cent working interest in the Wisting development.
Gasum delivers first renewable biogas to Lundin’s OSV
Nordic energy company Gasum has bunkered liquefied biogas (LBG) for the first time to an offshore supply vessel (OSV) owned by Swedish oil firm Lundin Energy.
Aker BP’s Mugnetind well does not live up to pre-drill expectations
Aker BP has found a minor oil discovery on its Mugnetind exploration well, however, the findings are below pre-drill expectations.
Longboat reports on Equinor’s ‘material light oil’ discovery at Egyptian Vulture
Longboat Energy has announced ‘a material light oil’ discovery at the Egyptian Vulture exploration well, offshore Norway.
Serica to delay Columbus production start-up
Serica Energy has confirmed the start-up of production at its Columbus field located in the Central North Sea will be delayed
Dana awards North Sea well contract to Island Drilling
Dana Petroleum has signed a contract with Island Drilling Company to drill one well on the UK Continental Shelf (UKCS).