Fossil Energy
Woodside posts $4 billion loss
Australian LNG major Woodside posted a $4 million loss for the year 2020 impacted by impairments.
Egypt Upstream Gateway launched
The Egyptian Ministry of Petroleum and Schlumberger have launched the Egypt Upstream Gateway, an innovative national project for the digitalisation of subsurface information. This digital platform will also enable global access to the country’s subsurface data, kept evergreen by enhancing legacy dat
Rystad: Most of Alaska’s remaining oil at risk due to Biden policies
There has been much discussion over the possible outcome for the Gulf of Mexico, but one of the areas that will be affected the most is Alaska, Rystad said.
Reach Subsea, MMT stay on Nord Stream survey duty
Norwegian contractor Reach Subsea and its Swedish partner MMT have landed a three-year deal, with two one-year options from Nord Stream AG. This award follows on from the original contract for inspection of both lines of the Nord Stream Pipeline running through the Baltic Sea from Russia to Germany
Impairments push Santos into red
Low oil and LNG prices affected by the COVID-19 pandemic hampered the Australian energy major Santos’ finances for the year.
Premier gets the nod for Balmoral decommissioning plans
Premier Oil’s decommissioning plans for the Balmoral field, located in the UK North Sea, have been approved by UK authorities.
NPD: A lot of oil and gas left on Norwegian shelf
The Norwegian Petroleum Directorate (NPD) has revealed that the Norwegian continental shelf (NCS) holds another 8 billion standard cubic metres of oil equivalent (Sm3 o.e.).
Equinor and Engie team up for low-carbon hydrogen projects
Norway’s energy giant Equinor and French utility company Engie have entered into a partnership to develop joint low-carbon hydrogen activities.
BP unveils first-ever employee share award plan
Oil major BP is launching a first-ever share award scheme to more than 60,000 employees as the company continues transitioning towards a greener future.
Halliburton adds LyondellBasell CEO to its board
Oilfield services giant Halliburton has announced that Bhavesh V. (Bob) Patel has been named to the company’s board of directors.
Green light for manned subsea ops off Norway
Norwegian offshore safety watchdog PSA has granted consent for manned underwater operations in 2021 to Vår Energi, Equinor, Gassco and Aker BP. Equinor has signed framework agreements with TechnipFMC and Subsea 7 for the performance of manned underwater operations in 2021. Through a pool agreement w
ExxonMobil brings in experts to repair Guyana FPSO after compressor issues
ExxonMobil has experienced technical issues with a gas compressor on SBM Offshore’s FPSO Liza Destiny, working for ExxonMobil offshore Guyana.
TechnipFMC takes Egypt subsea prize
Offshore services provider TechnipFMC has signed a contract with AbuQir Petroleum, a joint venture between Energean and EGPC, for a subsea tie-back located offshore Egypt. The contract covers the engineering, procurement, construction, and installation of four subsea wells as well as the subsea tie-
Solstad wins GMG contract for Normand Cutter
Solstad has secured a contract for the CSV Normand Cutter with UK-based subsea engineering firm Global Marine Group (GMG). Commencement of the contract is in March 2021, in direct continuation of current charter with GMG. Firm duration of the contract is 120 days plus 80 days options thereafter. In