Lamprell wins drilling jackets deal with Saudi Aramco
Offshore construction specialist Lamprell has been awarded an engineering, procurement, construction and installation (EPCI) contract by Saudi Aramco. The post Lamprell wins drilling jackets deal with...
View ArticleHess Corporation swings to first-quarter profit
Oil and gas company Hess Corporation has reported a net income of $252 million in the first quarter of 2021, a completely different picture than the one from the first quarter of 2020 when the company...
View ArticleBristow scores contract extension with Aker BP in Norway
Offshore helicopter operator Bristow Group has won a contract extension with Aker BP to support air transportation crew change services for their operations on the Norwegian continental shelf. The post...
View ArticleEidesvik sells platform supplier outside oil and gas sector
A subsidiary of Norwegian offshore vessel owner Eidesvik Offshore has sold and delivered one of its platform supply vessels (PSVs). The post Eidesvik sells platform supplier outside oil and gas sector...
View ArticleValaris books first-quarter loss, looks to emerge from Chapter 11
Offshore drilling contractor Valaris booked a $910 million loss in the first quarter of the year but hopes to re-emerge from bankruptcy sooner rather than later. The post Valaris books first-quarter...
View ArticleFAR shareholders back Sangomar stake sale to Woodside
Shareholders of Australia’s FAR Limited have approved the sale of the company’s Senegal RSSD project, which contains the Sangomar field, to Woodside. The post FAR shareholders back Sangomar stake sale...
View ArticleADM Energy takes control of Barracuda field off Nigeria
Oil and gas investment company ADM Energy has completed the acquisition of a controlling interest in a risk-sharing agreement for the development of the Barracuda field. The post ADM Energy takes...
View ArticleAker BP books profit, higher income over price increase and sold volume
Norwegian oil and gas company Aker BP has booked a profit and saw higher income in the first quarter of the year due to higher realised prices and an increase in sold volume compared to the previous...
View ArticleTrelleborg gets rid of another offshore oil and gas business
Swedish provider of engineered polymer solutions Trelleborg has divested another part of its oil and gas portfolio – this time in Norway. The post Trelleborg gets rid of another offshore oil and gas...
View ArticleCGG delivers Agata block reimaging data ahead of Brazil’s bidding round
French seismic player CGG has delivered seismic data from its Agata Reimaging program, covering over 9,300 square kilometre area of the Agata block in the Santos Basin, a highly prolific area of...
View ArticleIn ‘strong start to 2021’ Shell almost doubles first-quarter earnings
Energy supermajor Shell has nearly doubled its earnings in the first quarter of 2020 due to higher realised oil prices and chemicals margins. The post In ‘strong start to 2021’ Shell almost doubles...
View ArticlePetrobras 1Q production gets boost from P-70 ramp-up
Brazil's state-owned oil major Petrobras had an average production of 2.765 million barrels of oil equivalent a day in the first quarter of 2021, an increase from the fourth quarter but a decline when...
View ArticleEquinor posts best quarterly results since 2014
Norwegian oil and gas company Equinor recorded a profit of $1.85 billion in the first quarter of the year due to price recovery, sustained cost improvements, and “strict capital discipline”. The post...
View ArticlePetrobras to bid for Atapu and Sepia oil fields
Brazilian state-owned oil company Petrobras has decided to exercise its rights of first refusal and bid for the deepwater oil fields Sepia and Atapu. The post Petrobras to bid for Atapu and Sepia oil...
View ArticleSapuraOMV to sell assets off Peninsular Malaysia for $9 million
SapuraOMV, formed through a deal between Malaysia's Sapura Upstream and Austria's OMV, has agreed to sell its entire interests in producing assets located offshore Peninsular Malaysia to Jadestone...
View ArticleEnauta resolves Atlanta field dispute with Dommo Energia
Brazilian oil and gas company Enauta has come to an agreement with Dommo Energia regarding all of the ongoing legal proceedings pertaining to the Atlanta Field offshore Brazil. The post Enauta resolves...
View ArticleTotal’s profit back to pre-pandemic levels
French major Total reported a jump in profit for the first quarter of 2021, benefiting from the rising oil and gas prices. The post Total’s profit back to pre-pandemic levels appeared first on Offshore...
View ArticleAn Industry First: Dutch Gas Platform to Run Entirely on Offshore Wind Power
Dutch oil & gas exploration and production operating company ONE-Dyas plans to power a […] The post An Industry First: Dutch Gas Platform to Run Entirely on Offshore Wind Power appeared first on...
View ArticleStronger price environment pushes Eni 1Q profit past $1 billion
Italian oil and gas company Eni booked a net profit of over $1 billion in the first quarter of the year due to a strengthened upstream price environment. The post Stronger price environment pushes Eni...
View ArticleExxonMobil earns $2.7 billion in first quarter of 2021
U.S. supermajor ExxonMobil booked a quarterly profit due to benefits of higher commodity prices and structural cost reductions. The post ExxonMobil earns $2.7 billion in first quarter of 2021 appeared...
View Article