Fossil Energy
Aker Solutions slips to quarterly loss
Aker Solutions booked Q1 2020 loss of NOK 742 million, against profit of NOK 149 million same time last year. Lower activity levels towards the end of the quarter impacted the results, as operators postponed offshore work to mitigate the spread of the coronavirus. Loss per share was NOK 2.73. Exclud
Equinor bites dust in North Sea well
Norwegian oil and gas company Equinor has drilled a dry well near the Oseberg field in the North Sea off Norway.
Safety nod for Spirit Energy to use Leiv Eiriksson rig in Barents Sea
Oil and gas company Spirit Energy has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for exploration drilling in the Barents Sea using the Leiv Eiriksson drilling rig.
Keppel Offshore & Marine profit halved despite higher revenues
Singapore’s offshore rig and vessel builder Keppel Offshore & Marine saw its quarterly profit halved despite an increase in revenues.
Gazprom’s net profit dips
Russian gas giant Gazprom reported a 17 percent drop in 2019 net profit due to lower prices and declining demand in Europe. Gazprom’s net profit reached 1.2 trillion Russian roubles ($16.3 billion) last year. This compares to 1.46 trillion roubles in 2018. Operating profits also fell by 42 per cent
Large E&P player interested in Corallian’s block off UK
UK oil and gas company Corallian and its joint venture partners, Upland Resources and Baron Oil, have signed a work-sharing and confidentiality agreement with an undisclosed “large European E&P company” for licence P2478 in the Inner Moray Firth which could lead to a future farm-out deal.
New projects boost CNOOC output but revenues slip on low oil prices
CNOOC saw an increase in its quarterly production driven by new project startups in China and the contribution from new international projects.
Neptune Energy partners with Eneco on PosHYdon
Dutch energy company Eneco has joined as a partner the PosHYdon pilot, the world’s first offshore green hydrogen project, Neptune Energy said. Eneco will supply simulated wind data from its Luchterduinen offshore wind farm to support the project which aims to integrate three energy systems in the No
KenzFigee to provide pipe handling cranes for two Spliethoff newbuilds
Dutch offshore lifting equipment provider KenzFigee has been awarded a contract by Amsterdam-based shipping company Spliethoff for the delivery of pipe handling gantry cranes for their two newbuild multipurpose DP2 B-type vessels, currently under construction at the Mawei Shipyard in China.
Green light for subsea modifications at Ichthys LNG
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has approved Inpex’s plan for significant modifications on the Ichthys LNG project off Australia.
Polarcus in XArray seismic acquisition in Asia Pacific
Polarcus has received a contract for an XArray marine seismic acquisition project in Asia Pacific. The acquisition is expected to begin in June 2020. The work will have a duration of approximately one month, Polarcus said. The company did not reveal the name of the client, nor the value of the contr
Floatel gets charter extension on Martin Linge field
Equinor has extended the charter for a Floatel International-owned accommodation rig for operations on a field offshore Norway.
Diamond files complaint against Beach over ‘invalid’ rig contract termination
Diamond Offshore has filed a complaint against Australia’s Beach Energy claiming that the oil company’s termination of a drilling contract for the Ocean Onyx rig is invalid.
UK unions call on gov’t to halt ‘carnage’ of oil & gas jobs
UK’s offshore unions have launched a campaign to protect the jobs in the oil and gas sector and secure its future, calling for a halt to the “carnage” of jobs.