Fossil Energy
Red ink for Kvaerner as coronavirus costs bite
Affected by coronavirus costs and provisions, Kvaerner sank to a loss in the first quarter of the year compared to a profit in the year-before quarter.
NYSE listing warning for Vaalco Energy
Houston-based oil and gas company Vaalco Energy has received a continued listing warning from the New York Stock Exchange (NYSE).
U.S. weekly offshore rig count flat at 17
The number of offshore rigs in the U.S. remained unchanged with 17 active units last week, according to weekly rig count reports released on Friday by Baker Hughes Company.
Two new faces to join board of UK’s oil and gas regulator
The UK’s oil and gas industry regulator, Oil and Gas Authority (OGA), has named two new non-executive directors to its board of directors.
Eni posts $3 billion loss, lowers production target due to capex cuts
Eni booked a net loss of over $3 billion in the first quarter of the year due to the overlapping effects of the coronavirus pandemic and the oil price collapse.
Perenco files decommissioning plan for four Amethyst topsides
Oil and gas company Perenco has submitted its draft decommissioning programs for four Amethyst gas field topsides to the UK authorities.
Seabed Geosolutions puts Eidesvik’s vessel on standby
Eidesvik Offshore and Seabed Geosolutions have agreed to amend the contract for the node-handling vessel Subsea Viking, putting it on standby.
i3 Energy in talks with noteholders to waive condition for Liberator funding
i3 Energy is in talks with its noteholders to waive its previously agreed condition, requiring it to enter into a lending facility or find alternative means to fund its Liberator development by the end of April.
Maersk Drilling to reduce offshore crew as North Sea rigs go into stack mode
Maersk Drilling has decided to stack a number of its North Sea drilling rigs to adapt to the changing market environment.
‘Founding father’ of Soviet oil industry and Lukoil chairman passes away
Long-time chairman of Russian oil and gas company Lukoil and “founding father” of the Soviet oil industry has passed away following a long illness.
Impairments in offshore drilling drag Saipem into the red
Italian oilfield contractor Saipem sank into the red in the first quarter of the year dragged down by impairments in the Offshore Drilling division.
Neptune comes up dry at Norwegian Sea well
Neptune Energy has drilled a dry well near the Heidrun field in the Norwegian Sea.
DNV GL looking to prove value of oil & gas digital twins
DNV GL has issued an international call to oil and gas operators and the supply chain to pilot a methodology that could prove whether the data generated by digital twins can be trusted and if the technology is delivering value.
Triangle Energy finds new drilling prospects near Cliff Head platform
Australia-based Triangle Energy has identified three key opportunities that could be drilled and developed from the existing Cliff Head Alpha platform offshore Western Australia.