Fossil Energy
Eni confirms gas potential in discovery offshore Vietnam
Eni has discovered a significant hydrocarbon accumulation on the Ken Bau discovery located in Block 114, Song Hong Basin, offshore Vietnam.
Sparrows wins three-year contract renewal in India
Sparrows Group has secured a three-year contract renewal to supply a rental crane to Vedanta Resources in India.
Karoon changes terms for Brazilian oilfield acquisition
Karoon has executed a binding agreement to amend the sale and purchase agreement to acquire a 100 per cent operating interest in the Baúna field located offshore Brazil.
Russia’s Lukoil enters as Cairn exits Sangomar project in Senegal
Cairn Energy has entered into an agreement to sell to Russia’s Lukoil its entire 40 per cent interest in the Sangomar development, offshore Senegal.
U.S. offshore rig count stays flat for another week
The U.S. offshore rig count has not changed for the third week in a row now, according to a Friday report by Baker Hughes.
Charges and revenue drop drag Schlumberger into the red
Oilfield services major Schlumberger recognised a $3.34 billion loss in the second quarter on $3.7 billion charge and revenue drop of some 35 per cent. The loss of $2.47 per share compares with profit of 35 cents per share same time last year. Revenues fell from $8.26 billion in Q2 2019 to $5.35 bil
TAQA files decommissioning plans for two North Sea platform topsides
TAQA Bratani has filed its decommissioning programs for the Tern and North Cormorant platform topsides, located in the UK North Sea, to the UK authorities.
Kim Heng buys two anchor handling tugs from distressed seller
Offshore and marine services provider Kim Heng Offshore & Marine has bought two anchor handling tugs from Posh Terasea.
Havila bags three-year job for subsea vessel in Brazil
Norwegian offshore shipping company Havila has been awarded a three-year contract for its subsea vessel in Brazil.
Equinor sees red as low oil price and Covid-19 halve 2Q revenues
Equinor sank to the red in the second quarter of the year as its revenues were halved amid Covid-19 pandemic and low oil prices.
EMGS loss widens on halved revenues
Norwegian geophysical services company EMGS has seen its second-quarter loss widened as revenues slipped almost 50 per cent The Oslo-listed firm booked Q2 2020 loss of $6.6 million or 5 cents, versus loss of $2 million in Q2 2019. Revenues for the quarter fell at $7.5 million from $14.5 million same
Repsol swings to loss as asset impairments bite
Repsol booked a loss in the second quarter of the year after being forced to re-evaluate its upstream assets due to the effects of the coronavirus pandemic and the low oil price environment.
More red ink for PGS
PGS has seen its Q2 2020 loss widened, as revenues fell more than 50 percent. The Oslo-listed seismic player reported quarterly loss of $111.4 million, or 29 cents per share on revenues of $90 million. This result compares against loss of $49 million, or 14 cents per share on $192 million revenues i
Shell gets green light for Brent Alpha jacket decommissioning plan
UK authorities have approved Shell’s decommissioning plan for the Brent Alpha jacket, located in the UK sector of the North Sea.