Fossil Energy
Petrobras 1Q production gets boost from P-70 ramp-up
Brazil’s state-owned oil major Petrobras had an average production of 2.765 million barrels of oil equivalent a day in the first quarter of 2021, an increase from the fourth quarter but a decline when compared to the same quarter in 2020.
In ‘strong start to 2021’ Shell almost doubles first-quarter earnings
Energy supermajor Shell has nearly doubled its earnings in the first quarter of 2020 due to higher realised oil prices and chemicals margins.
CGG delivers Agata block reimaging data ahead of Brazil’s bidding round
French seismic player CGG has delivered seismic data from its Agata Reimaging program, covering over 9,300 square kilometre area of the Agata block in the Santos Basin, a highly prolific area of Brazil’s offshore pre-salt.
Trelleborg gets rid of another offshore oil and gas business
Swedish provider of engineered polymer solutions Trelleborg has divested another part of its oil and gas portfolio – this time in Norway.
Aker BP books profit, higher income over price increase and sold volume
Norwegian oil and gas company Aker BP has booked a profit and saw higher income in the first quarter of the year due to higher realised prices and an increase in sold volume compared to the previous quarter.
ADM Energy takes control of Barracuda field off Nigeria
Oil and gas investment company ADM Energy has completed the acquisition of a controlling interest in a risk-sharing agreement for the development of the Barracuda field.
FAR shareholders back Sangomar stake sale to Woodside
Shareholders of Australia’s FAR Limited have approved the sale of the company’s Senegal RSSD project, which contains the Sangomar field, to Woodside.
Valaris books first-quarter loss, looks to emerge from Chapter 11
Offshore drilling contractor Valaris booked a $910 million loss in the first quarter of the year but hopes to re-emerge from bankruptcy sooner rather than later.
Eidesvik sells platform supplier outside oil and gas sector
A subsidiary of Norwegian offshore vessel owner Eidesvik Offshore has sold and delivered one of its platform supply vessels (PSVs).
Bristow scores contract extension with Aker BP in Norway
Offshore helicopter operator Bristow Group has won a contract extension with Aker BP to support air transportation crew change services for their operations on the Norwegian continental shelf.
Hess Corporation swings to first-quarter profit
Oil and gas company Hess Corporation has reported a net income of $252 million in the first quarter of 2021, a completely different picture than the one from the first quarter of 2020 when the company had a net loss of $2,4 billion.
Lamprell wins drilling jackets deal with Saudi Aramco
Offshore construction specialist Lamprell has been awarded an engineering, procurement, construction and installation (EPCI) contract by Saudi Aramco.
Wintershall Dea breaks quarterly production record. Net debt down by a third
German oil and gas company Wintershall Dea has had a record quarterly production in the first quarter of 2021 with 659,000 barrels of oil equivalent a day and reduced its net debt by almost a third.
Oceaneering nets over $135 million in subsea contracts
Subsea engineering company Oceaneering International has through its Manufactured Products segment secured multiple contracts during the first four months of 2021, with anticipated aggregate revenue in excess of $135 million.