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.
Oilfield services provider Petrofac has secured contract renewals in the UK totalling $100 million.
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
Norwegian oil and gas company Equinor has divested its minority shareholding in Swedish oil and gas company Lundin Energy.
Repsol posted a significant quarterly loss after being hit by volatility and decline in oil and gas prices, but it delivered an increased output during the period.
Helicopter operator NHV Group has won a new long-term contract with Spirit Energy to provide passenger transfer services in support of their East Irish Sea operations.
Total recorded a 35 per cent decrease in its first quarter profit as oil prices tumbled during the period.
Wintershall Dea has installed two manifolds in the templates on the seabed of its Nova field project located offshore Norway.
Norwegian vessel owner Solstad Offshore has entered into medium-term contracts for six of its vessels with undisclosed clients.
Saipem has won a gas pipeline transportation and installation contract between Denmark and Poland in the Baltic Sea. The contract, signed by its controlled subsidiary in U.K. Saipem Ltd, is worth approximately 280 million euro. The Baltic Pipe Project is a strategic infrastructure project between GA
Abu Dhabi-based Gulf Marine Services (GMS) has turned down a USD 32 million takeover offer from Seafox International saying that the offer ”fundamentally undervalues GMS”. As reported earlier, Seafox submitted an unsolicited and non-binding possible cash offer for the entire issued and to be issued
The worldwide offshore rig count in April 2020 has dropped 28 rigs year-over-year and 19 rigs sequentially, according to rig count reports by Baker Hughes Company.
Shipowning company Ocean Yield and Solstad Offshore have agreed to further extend the standstill period for two anchor handlers.
German oil and gas company Wintershall Dea has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for production drilling and completion on the Nova field using the West Mira drilling rig.
