Peterson to support OneSubsea on project in Trinidad
Energy logistics provider Peterson has agreed a project logistics services contract with OneSubsea to support its work on the BP-operated Matapal project in Trinidad and Tobago. The contract award...
View ArticleUltrabeam and USS deliver autonomous pipeline survey
UK-based companies Ultrabeam Hydrographic and Unmanned Survey Solutions (USS) recently teamed up to conduct two subsea gas pipeline inspection surveys in Northern Ireland. The contract came from...
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Enagás posts nine-month profit rise
Spanish LNG terminal operator Enagás reported a 4.7 per cent rise in its nine-month profit. Courtesy of Enagás The company reported a net profit of €348.9 million ($413.5 million), in line with the...
View ArticleSpanish yard set to deliver Johan Sverdrup module
Spanish state-owned shipbuilding company Navantia has completed and is ready to deliver a platform topside module built for the Equinor-operated Johan Sverdrup field located offshore Norway. Aibel in...
View ArticlePGNiG to buy Danish offshore gas from Ørsted
Danish offshore wind developer Ørsted has signed a deal to sell gas to Polish oil and gas company PGNiG under a multi-year contract. Ørsted said on Wednesday that the deal was made with PGNiG’s Supply...
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Third loss in a row for Baker Hughes
Oilfield services major Baker Hughes has booked $170 million loss in the third quarter of 2020, against $57 million profit same time last year. The bottom line took a hit due to revenue drop, asset...
View ArticleSantos completes final Moomba CCS field trial
Australian energy major, Santos, has completed the final field trial for the Moomba carbon capture and storage (CCS) project. The company said it has injected approximately 100 tonnes of carbon...
View ArticleHelix Energy Solutions books lower profit and revenues in 3Q
Oilfield services provider Helix Energy Solutions saw its profit and revenues drop in the third quarter of 2020 compared to the same period last year due to lower utilization and activity. Helix...
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Woodside’s Q3 revenue hurt by lower LNG prices
Australian energy giant Woodside reported a plunge in its third-quarter revenue due to lower realized LNG prices. Courtesy of Woodside Woodside reported sales revenue of $699 million, 9 per cent down...
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Shearwater wins new 3D seismic gig
Seismic exploration company Shearwater GeoServices has landed a deal for large 3D seismic acquisition and depth processing. According to the company, the work scope is in the Europe, Africa and Middle...
View ArticleCNOOC kicks off production from Chinese gas field, sees output increase in 3Q
CNOOC Limited has started production from the Bozhong 19-6 condensate gas field pilot area development project located offshore China. The oil company saw an increase in its production driven by...
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Red numbers for PGS
PGS has seen red in the third quarter of 2020 as revenues fell close to 70 per cent. Courtesy: PGS The Oslo-listed seismic player reported quarterly loss of $32.6 million, or 8 cents per share on...
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Offshore deepwater oil production one of cheapest sources of new supply as...
Oil production costs have reached a new low, making deepwater one of the cheapest sources of new supply, according to Norwegian energy intelligence firm, Rystad Energy. A comprehensive Rystad Energy...
View ArticleMODEC hires GranEnergia’s flotel for Brazil campaigns
Japan’s FPSO provider MODEC has contracted GranEnergia for the provision of its UMS Venus, a semi-submersible accommodation unit also known as flotel, to support its offshore maintenance campaigns in...
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Santos posts record production volumes, YoY revenue plunges
Australian gas producer and GLNG operator, Santos reported record production in the third quarter of 2020, edging up the sales revenue by 2 per cent. Courtesy of Santos Third-quarter production...
View ArticleEmerson’s technology to digitally transform and support BP’s Caspian Sea project
Emerson has been awarded a $14 million contract to provide automation technologies for the new Azeri Central East offshore platform in the Caspian Sea, the latest development in the...
View ArticleEquinor CFO resigns from his role
Equinor executive vice president and chief financial officer (CFO) Lars Christian Bacher is resigning from his position with effect from 1 November 2020. Bacher will remain employed with the company...
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BW Offshore to liquidate owner of New Zealand FPSO to prevent further losses
FPSO operator BW Offshore has decided to place its subsidiary which owns the FPSO Umoroa in New Zealand in liquidation to avoid further accumulation of losses following the permit operator’s...
View ArticleGasunie rolls out Porthos CO2 offshore pipeline setup tender
Dutch natural gas infrastructure and transportation company Gasunie is seeking a contactor for CO2 offshore pipeline installation from Port of Rotterdam to the riser of the offshore platform as part...
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Biden to steer U.S. off oil to tackle climate change. Trump warns of economic...
United States President Donald Trump and former vice president Joe Biden locked up horns in the final presidential debate over completely different visions on the future of the country’s fossil fuels...
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