Fossil Energy
Ineos pushes charter of Floatel unit to 2021
A charter for a Floatel International-owned flotel with Ineos in the UK North Sea has been postponed for 2021.
Equinor slashes quarterly cash dividend by two thirds
Norwegian oil major Equinor has decided on a cash dividend of $0.09 per share for the first quarter of 2020, a reduction of 67 per cent compared to the fourth quarter of 2019.
Helix Energy Solutions swings to quarterly loss
Houston-based offshore services and robotics specialist Helix Energy Solutions has reported net loss of $11.9 million, or 9 cents per diluted share, for the first quarter of 2020 compared to $1.3 million profit for the same period in 2019. Sequentially, profit fell from $8.1 million of 5 cents per d
Repsol Sinopec expands Petrofac’s scope of support on UK assets
Petrofac is preparing to extend its provision of operations and maintenance services to Repsol Sinopec Resources UK following an enhancement to its existing contract.
Kosmos Energy gets delisting warning from NYSE
Kosmos Energy has been given a continued listing standard notice from the New York Stock Exchange (NYSE).
Early terminations and day rate reductions for Valaris rigs
Valaris has seen a number of its drilling contracts terminated and day rates slashed as oil and gas operators are looking to reduce costs.
TechnipFMC books $3.25B loss; cuts execs pay and dividend
TechnipFMC has reported first-quarter 2020 loss of $3.25 billion or $7.28 per diluted share against $21 million profit same time last year. The services major has seen the results affected by after-tax charges and credits totaling $7.17 per share, primarily driven by non-cash impairment charges. Tec
Borr takes another rig delivery from Keppel
Singapore’s offshore rig builder Keppel Offshore & Marine has delivered a newbuild jack-up rig, named Hild, to Borr Drilling.
Santos quarterly revenue, production down
Australian gas producer and GLNG operator, Santos reported a 13 per cent decrease in revenue, affected by the slump in oil and gas prices. Santos sales revenue for the January-March quarter fell to $883 million from $1.02 billion a year ago. The Australian company produced 17.9 million barrels of oi
U.S. SEC closes Eni investigation
The U.S. Securities and Exchange Commission is closing its investigation into Eni related to its involvement into a license located offshore Nigeria as well as its activities in Congo.
Baker Hughes sinks to $10 billion loss as impairment charges bite
Baker Hughes booked a huge impairment charge in the first quarter of the year resulting in a $10 billion loss for the quarter.
Qatar Petroleum inks huge China LNG carrier deal
State-run Qatar Petroleum said Wednesday it has entered into a deal to reserve LNG ship construction capacity in China as part of ongoing North Field expansion projects. QP signed the deal with Hudong-Zhonghua Shipbuilding, a unit of China State Shipbuilding Corporation. The deal potentially worth m
Aker BP kicks off production from Norwegian well three years ahead of schedule
Aker BP has started production from the first Ærfugl phase 2 well in the Norwegian Sea – three years ahead of the original plan.
Seadrill fills board of directors seat
Offshore drilling contractor Seadrill Limited has named a new member of the company’s board of directors.