Fossil Energy
MODEC hires GranEnergia’s flotel for Brazil campaigns
MODEC has contracted GranEnergia for the provision of its semi-submersible UMS Venus to support its offshore maintenance campaigns in Brazil.
Offshore deepwater oil production one of cheapest sources of new supply as costs reach new low, Rystad says
Oil production costs have reached a new low, making deepwater one of the cheapest sources of new supply, according to Rystad Energy.
Red numbers for PGS
PGS has seen red in the third quarter of 2020 as revenues fell close to 70 per cent. The Oslo-listed seismic player reported quarterly loss of $32.6 million, or 8 cents per share on revenues of $85 million. This result compares against profit of $31.5 million on $276.5 million revenues in the prior-
CNOOC kicks off production from Chinese gas field, sees output increase in 3Q
CNOOC Limited has started production from the Bozhong 19-6 condensate gas field pilot area development project located offshore China.
Shearwater wins new 3D seismic gig
Seismic exploration company Shearwater GeoServices has landed a deal for large 3D seismic acquisition and depth processing. According to the company, the work scope is in the Europe, Africa and Middle East (EAME) region. The survey, for an undisclosed national oil company, should take six months to
Woodside’s Q3 revenue hurt by lower LNG prices
Australian energy giant Woodside reported a plunge in its third-quarter revenue due to lower realized LNG prices.
Helix Energy Solutions books lower profit and revenues in 3Q
Helix Energy Solutions saw its profit and revenues drop in the third quarter of 2020 compared to the same period last year.
Santos completes final Moomba CCS field trial
Australian energy major, Santos, has completed the final field trial for the Moomba carbon capture and storage (CCS) project.
TechnipFMC Q3 loss narrows
UK-based TechnipFMC has reported third-quarter 2020 loss of $3.9 million or 1 cent per diluted share against $119 million loss same time last year. Adjusted diluted earnings per share, excluding charges and credits, was 16 cents, with analysts projecting some 22 cents. Revenues for the quarter were
Archer lands extension for services on seven UK North Sea installations
Archer has secured a two-year contract extension with a major North Sea operator for the provision of platform drilling operations and maintenance services.
ABS approves DMSE’s FLNG hull design
American Bureau of Shipping (ABS) has approved Daewoo Shipbuilding & Marine Engineering’s FLNG hull design.
Third loss in a row for Baker Hughes
Oilfield services major Baker Hughes has booked $170 million loss in the third quarter of 2020, against $57 million profit same time last year. The bottom line took a hit due to revenue drop, asset impairments, restructuring and separation related charges. This was also the company’s third straight
PGNiG to buy Danish offshore gas from Ørsted
Danish offshore wind developer Ørsted has signed a deal to sell gas to Polish oil and gas company PGNiG under a multi-year contract.
Spanish yard set to deliver Johan Sverdrup module
Spanish yard Navantia has completed and is ready to deliver a module built for the Equinor-operated Johan Sverdrup field located offshore Norway.