Fossil Energy
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.
Helix Energy Solutions earnings drop in Q2
Houston-based offshore services and robotics specialist Helix Energy Solutions has reported profit of $5.5 million, or 4 cents per diluted share, for the second quarter of 2020 compared to $16.8 million profit for the same period in 2019. Sequentially, Helix swung back to black from $11.9 million lo
Watch Neptune install subsea equipment for two North Sea projects
Neptune Energy has successfully installed subsea oil and gas production flowlines and gas lift flowlines for its Duva & Gjøa P1 developments in the Norwegian sector of the North Sea.
Rystad: Oilfield services market could replace lagging revenue by tapping into energy transition projects
Hit by the Covid-19 downturn, the oilfield service market is not likely to rebound to last year’s activity level until 2023, according to a Rystad Energy analysis.
OKEA restarts Draugen after nearly a month-long turnaround
Oil and gas company OKEA has successfully completed a turnaround on its operated Draugen platform located offshore Norway.
Red quarter for Polarcus as revenues sink
Marine seismic player Polarcus has slipped deeper into the red in Q2 2020 as revenues dropped close to 66 per cent compared to prior year. The Oslo-listed company reported second quarter 2020 loss of $20.7 million, versus loss of $0.6 million in Q2 2019. Polarcus generated quarterly revenues of $22.
Baker Hughes books bigger quarterly loss
Baker Hughes saw its loss deepen during the second quarter of the year as its revenues decreased by 21 per cent compared to the same period last year.
SURF’s up on Anyala and Madu fields
Nigerian National Petroleum Corporation (NNPC) and First Exploration & Production (First E&P) have completed SURF installation campaign on Anyala and Madu fields under OML 83 and OML 85, offshore Nigeria. The offshore installation campaign featured the installation, piling and grouting of subsea arc
Aker BP cleared for production drilling on two fields offshore Norway
Aker BP has received safety consents from the Norwegian offshore safety watchdog to use two rigs for production drilling on two fields offshore Norway.
OGTC and ORE Catapult in energy transition alliance
Two UK energy technology and innovation organisations have announced a five-year collaboration to deliver next generation energy technologies and accelerate the United Kingdom’s transition to a net zero future. The Energy Transition Alliance (ETA), formed by The Oil & Gas Technology Centre (OGTC) an
Chariot CEO steps down
Chariot Oil & Gas CEO, Larry Bottomley, has stepped down from the company with immediate effect and two others have joined the board.
Eni calls Nigeria bribery case ‘completely groundless’ as prosecutors seek jail sentence
Eni considers that the Public Prosecutor’s requests for conviction of the company and its executives in the Nigeria bribery case are completely groundless.
Will Chevron’s Noble Energy swoop trigger a wave of M&A deals in oil & gas sector?
What will happen next in the upstream M&A and what direction will it take? Is now the time to go on the first buying spree after the COVID-19 outbreak and get the high-value goods at a bargain price? Chevron might agree.
Petróleo Nautipa FPSO off Gabon to stay with Vaalco for another year
BW Offshore has received a one-year contract extension for the lease of one of its floating, production storage and offloading (FPSO) vessels.