Fossil Energy
Hurricane Zeta shuts-in two-thirds of U.S. Gulf of Mexico oil production
Hurricane Zeta has forced oil and gas operators in the U.S. Gulf of Mexico to shut-in two-thirds of oil production in the region.
TGS drops to quarterly loss
TGS has seen red numbers in the third-quarter 2020 with revenues down some 64 per cent amid challenging seismic market conditions. Norwegian seismic player reported net loss for the third quarter 2020 of $71 million, against $40 million profit same time last year. This corresponds to EPS of negative
Shell lifts dividend as profit narrows
Shell saw its third quarter 2020 earnings decrease when compared to the last year’s third quarter but the oil major decided to increase its dividend.
Equinor in two oil discoveries offshore Canada
Norwegian oil and gas company Equinor has made two oil discoveries offshore Newfoundland, Canada. The wells were drilled using the Transocean Barents rig.
Liebherr Components
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Liebherr-MCCtec Rostock GmbH
Welcome to the future of maintenance. Liebherr Maritime Cranes, a division of the Liebherr Group, which specialises in cargo handling solutions for ports as well as for the shipping and offshore industry, has just released a brand new product: LiMain, Liebherr Intelligent Maintenance. Get to know th
Chevron to cut 25 pct of Noble Energy workforce following merger
Oil major Chevron has decided to reduce Noble Energy’s workforce by 25 per cent following the recent merger between the two companies.
Eni swings to quarterly loss as production falls by 10 pct
Eni booked a loss in the third quarter of 2020 while its hydrocarbons production declined due to impacts of the economic downturn.
Wintershall Dea charters Eidesvik PSV for a year
Eidesvik Offshore has been awarded a time charter contract with Wintershall Dea Norge for the platform supply vessel (PSV) Viking Princess.
Hess sinks deeper into the red but production grows
Hess Corporation saw its net loss deepen in the third quarter of 2020 compared to the prior-year period while its production increased by 11 per cent.
Operators shut-in nearly half of Gulf of Mexico oil production due to hurricane
Operators have shut-in nearly half of oil production and over 55 per cent of gas production from the U.S. Gulf of Mexico due to the Hurricane Zeta.
Aker Solutions sees profit rise despite lower revenues
Aker Solutions boosted its profit in the third quarter of 2020 despite lower revenues as oil and gas operators reduced their activity levels.
Borr Drilling sells cold-stacked jack-up rig
Offshore drilling contractor Borr Drilling has entered into an agreement to sell its cold stacked jack-up drilling rig Atla to an independent operator.
Vår Energi hands out 12 deals for offshore and onshore services
Vår Energi has signed frame agreements with a total of 12 Norwegian suppliers of services within a number of technical and administrative disciplines.