Fossil Energy
OKEA takes interest in Equinor’s Aurora discovery
OKEA has signed a sales and purchase agreement with Equinor for the acquisition of Equinor’s 40 per cent operated working interest in two licences offshore Norway, which include the Aurora discovery.
Aker Solutions remains positive despite loss
Aker Solutions has seen red in the second-quarter 2020, as revenue dropped some 29 per cent and restructuring charges affected the company’s bottom line. The Norwegian services player booked Q2 2020 loss of NOK 171 million, against loss of NOK 11 million in the prior-year comparable period. This cam
Keppel lands new FPSO contracts with MODEC
Keppel Offshore & Marine (Keppel O&M) has through its subsidiaries in Singapore and Brazil has secured two contracts worth a combined value of about S$73 million ($52.4Mn) from MODEC.
Origin flags up to $868.3 mln impairment charge
Australia’s power and gas retailer Origin Energy is expecting to take a $812.2 to $868.3 million hit in its full-year 2020 results.
Petrobras reaches new production record at Búzios field
Brazilian oil and gas company Petrobras has reached a production record on its operated Búzios field located in the Santos Basin pre-salt offshore Brazil.
Women – the hidden potential of oil and gas industry’s energy transition
The oil and gas industry has historically been a hard place for female workers. Now, with the oil and gas industry transitioning towards green energy, women workers could be the fresh workforce injection companies desperately need.
Petrobras halves the cost of post-salt well construction
Brazilian oil and gas company Petrobras has managed to halve the costs of the post-salt well construction at its Golfinho field offshore Brazil.
Woodside takes $4.3 bln impairment hit
Australian LNG major Woodside is bracing for a $4.37 billion impairments hit following an asset value review.
Gasum: maritime market sends mixed signals on recovery
The Nordic energy company Gasum is seeing mixed signals on the maritime market recovery.
Record output lifts Aker BP profit
Aker BP booked a higher profit in 2Q 2020 on the back of record-high production despite lower income impacted by low oil prices and the coronavirus pandemic.
Russia’s Gazprom hit hard in first quarter
Russian gas giant Gazprom posted a net loss in the first quarter of this year mainly due to lower prices and demand in Europe, and a weak rouble. Gazprom reported a net loss of 116.2 billion Russian roubles ($1.6 billion) in the January-March period. This compares to a profit of 535.9 billion rouble
Head Energy wins Brage extension with Wintershall Dea
Head Energy has been awarded an extension of a frame agreement with Wintershall Dea concerning modifications at the Brage platform offshore Norway.
Mubadala boosts output capacity at Manora field
Mubadala Petroleum has increased the production capacity on the Manora oil field in the Gulf of Thailand following the completion of the 2020 development drilling and workover program.
Santos plans to leave Tern wellhead on site
Santos has filed its environment plan for the abandonment of the Tern-1 wellhead to the Australian offshore regulator and the plan is now under assessment.