Aker 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 ArticleChevron profit shrinks due to effects of pandemic, storm Uri
U.S. oil major Chevron booked a smaller profit in the first quarter of 2021 compared to the same period last year because of ongoing downstream margin and volume effects resulting from the pandemic and...
View ArticleIn Focus: In pursuit of carbon-neutrality – the holy grail of energy transition
In this week’s edition of our In Focus article, we take a deep dive […] The post In Focus: In pursuit of carbon-neutrality – the holy grail of energy transition appeared first on Offshore Energy.
View ArticleU.S. weekly offshore rig count up by two units
The number of offshore rigs in the U.S. increased by two units over the last week, according to a Friday rig report by Baker Hughes. The post U.S. weekly offshore rig count up by two units appeared...
View ArticlePetrobras kicks off bidding process for ninth Búzios FPSO
Petrobras has started the bidding process for the acquisition of a new FPSO for the Búzios field, in the Santos Basin pre-salt area. The post Petrobras kicks off bidding process for ninth Búzios FPSO...
View ArticleEni and Santos to collaborate on projects in Australia and Timor-Leste
Italy's Eni and Australia's Santos have agreed to cooperate on projects in northern Australia and Timor-Leste. The post Eni and Santos to collaborate on projects in Australia and Timor-Leste appeared...
View ArticleBaker Hughes gets subsea order from Petrobras
Baker Hughes has been awarded a subsea equipment contract from Petrobras as part of the Marlim and Voador field revitalization plan. The post Baker Hughes gets subsea order from Petrobras appeared...
View ArticleValaris emerges from Chapter 11 free of $7.1bn of debt
Valaris has completed its financial restructuring, emerging from the Chapter 11 bankruptcy and eliminating $7.1 billion of debt. The post Valaris emerges from Chapter 11 free of $7.1bn of debt appeared...
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