Shell vows to halve scope 1 and 2 emissions by 2030
Shell has set a new target to reduce its Scope 1 and 2 emissions by 50 per cent compared to 2016 levels by 2030, regardless of the outcome of its appeal against the Dutch Court’s ruling. The post Shell...
View ArticleLamprell taps banks for $45 million loan to build two jack-ups
Lamprell has signed a $45 million revolving trade loan facility with two banks to cover the costs for the building of two IMI jack-up rigs. The post Lamprell taps banks for $45 million loan to build...
View ArticleOrcadian Energy seeking FPSO for North Sea oilfield development
Orcadian has received three expressions of interest for the provision of an FPSO vessel for the Pilot development in the North Sea. The post Orcadian Energy seeking FPSO for North Sea oilfield...
View ArticlePSA follows up on Equinor’s Johan Castberg development
The PSA, Norway’s offshore safety watchdog, has confirmed Equinor will not get consent for Johan Castberg until the operator corrects all nonconformities. The post PSA follows up on Equinor’s Johan...
View ArticleChariot partners with mystery group for gas project offshore Morocco
Chariot has signed a memorandum of understanding (MOU) with an undisclosed energy group to unlock the Anchois gas development potential, offshore Morocco. The post Chariot partners with mystery group...
View ArticleBOEM calls for public input on potential Cook Inlet lease sale
BOEM will be seeking public input regarding a revised draft EIS, analysing the possible environmental impacts of a potential oil and gas lease sale in the Cook Inlet area, off Alaska. The post BOEM...
View ArticleShell, Trafigura, AET and Saudi Aramco invest in Daphne Technology
Daphne Technology, a Swiss climate tech startup addressing the greenhouse gas (GHG) challenge, has attracted investments from industry majors in the second investment round. The post Shell, Trafigura,...
View ArticleEidesvik PSV bags fresh extension from Wintershall Dea
Eidesvik Offshore has won a contract extension with Wintershall Dea for the platform supply vessel (PSV) Viking Princess. The post Eidesvik PSV bags fresh extension from Wintershall Dea appeared first...
View ArticleEidesvik CEO stepping down to be replaced by current CCO
Eidesvik has revealed its current president and CEO will be retiring from the position, while the company’s current CCO was chosen as his replacement, effective from 1 January 2022. The post Eidesvik...
View ArticleNorwegians unveil plan to connect Draugen platform to floating wind farm
Norwegian floating wind technology developer Odfjell Oceanwind, exploration and production (E&P) company OKEA, and […] The post Norwegians unveil plan to connect Draugen platform to floating wind...
View ArticleEquinor increases share buybacks encouraged by boost in profits
Equinor recorded a profit of $1.41 billion in the third quarter of 2021 due to higher prices and solid operating performance. The post Equinor increases share buybacks encouraged by boost in profits...
View ArticlePetrofac’s new refinancing plan requires $275M capital raise
Petrofac has decided to raise $275 million through new equity to create a long-term, sustainable capital structure and pay off existing debts as part of its refinancing plan. The post Petrofac’s new...
View ArticleONE-Dyas hands in decom plans for Sean field in North Sea
ONE-Dyas has filed its decommissioning programme for three platforms, located in the Sean field of the UK North Sea, and handed them to the UK authorities. The post ONE-Dyas hands in decom plans for...
View ArticleExxonMobil’s 3Q profits surge
ExxonMobil has reported earnings of $6.8 billion in the third quarter of 2021 due to improved demand and strong operations. The post ExxonMobil’s 3Q profits surge appeared first on Offshore Energy.
View ArticleShell hits record cash flow while 3Q profits drop
Shell has posted lower than anticipated earnings, which reflect the adverse impact of Hurricane Ida, while its cash flow from operations hit a record of $17.5 billion. The post Shell hits record cash...
View ArticleIn focus: Ships, oil & gas platforms to get greener by the day with clean...
Massive investment announcements and ambitious new developments in the energy and shipping sectors marked this week on Offshore Energy (well, together with our Offshore Energy Exhibition &...
View ArticleMermaid Subsea purchases pipelay vessel for Thai decom operations
Mermaid Maritime's wholly-owned subsidiary Mermaid Subsea Services Thailand (MSST) has signed a Letter of Intent (LoI) with Swiber Holdings for the purchase of the pipelay vessel. The post Mermaid...
View ArticleChevron boasts highest earnings since 2013
Chevron has reported the highest third-quarter earnings since the first quarter of 2013 due to improved market conditions, strong operational performance and a lower cost structure. The post Chevron...
View ArticleEquinor confirms sixth discovery on Norwegian shelf this year
Norwegian oil and gas giant Equinor has confirmed oil discovery in the Egyptian Vulture exploration well located in the Norwegian Sea. The post Equinor confirms sixth discovery on Norwegian shelf this...
View ArticleVaalco gets more crude oil after well workovers offshore Gabon
Houston-based Vaalco Energy has completed two well workovers at the Etame field offshore Gabon. The post Vaalco gets more crude oil after well workovers offshore Gabon appeared first on Offshore Energy.
View Article