Fossil Energy
Rig impairments take Noble Corp. deeper into the red
Noble Corporation saw its quarterly net loss deepen after being negatively affected by rig impairment charges amid lower demand as a result of the coronavirus pandemic and low oil prices.
CSV Bourbon Oceanteam 101 completes Angola job
Construction support vessel Bourbon Oceanteam 101 has completed work in Angola under its charter agreement and is preparing for its next contract.
PTTEP submits plan for suspension of three wells in Australia
Thailand’s PTTEP has submitted a plan for the suspension of three wells to Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA).
Subsea 7 nets IOG North Sea SURF
Subsea 7 has secured a contract from Independent Oil and Gas (IOG) for the Blythe and Vulcan satellites field development in the UK Southern North Sea. The SURF contract follows the recent approval of the Phase 1 Field Development Plan by the UK Oil and Gas Authority. It includes 35 kilometres of fl
Equinor sinks to quarterly loss due to low prices and impairments
Equinor recorded a loss in the first quarter of the year due to low oil prices and impairments of $2.5 billion but delivered a record-high production during the period.
Cairn Energy looking for chairman successor
Chairman of oil and gas company Cairn Energy has indicated that he will retire from the board of directors.
Deepsea Yantai rig cleared to drill in North Sea for Neptune
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has given its consent to Neptune Energy for exploration drilling in the North Sea using the Deepsea Yantai semi-submersible drilling rig.
Maersk Supply to axe jobs amid negative development in oil and gas market
Maersk Supply Services, a Danish offshore supply vessel provider, has decided to reduce its onshore organization due to challenging oil and gas market situation. In response to the negative development in the oil and gas industry, Maersk Supply Service said on Wednesday that it would reduce its onsh
Oil & gas regulator to support UK’s target to reach net zero by 2050
The UK Oil and Gas Authority (OGA) has revealed its intention to help the government achieve the target of net zero greenhouse gas emissions by 2050.
Aker BP swings to loss over impairment charges
Aker BP sank to a net loss in the first quarter of the year after being hit by impairments due to a significant decline in oil and gas prices.
Petrofac bags $100 million in contract renewals
Oilfield services provider Petrofac has secured contract renewals in the UK totalling $100 million.
Norden had its best first quarter since 2015
Although the first quarter of this year was characterised by weak spot rates in dry cargo and strong spot rates in tankers, Danish shipping company Dampskibsselskabet Norden A/S delivered an adjusted result of $29 million, compared to $7 million seen in Q1 2019.
Window of suspension for PetroNor’s arbitration in Senegal
Oil and gas company PetroNor has reached a mutual agreement with the Government of Senegal to suspend the arbitration related to a dispute for two offshore blocks.
Equinor to close Hammerfest LNG plant for maintenance
Norwegian energy giant and LNG operator Equinor will be closing its Hammerfest liquefied natural gas export plant as part of planned maintenance in May. Equinor will shut down the liquefaction facility located on Melkøya Island for two weeks starting in the second half of this month. The closure of