Young Energy Officers
Energy transition is not a fast temporary thing, and its reach goes beyond the existing industries, their operations and transformations. Next generation of experts is working in the good old energy...
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LIVE BLOG: Offshore Energy Virtual Event
17:05 Wrap Up Day 1 The first day of the Offshore Energy 2020 and Navingo Career 2020 is a wrap! After a plethora of important and interesting topics and many expert speakers, we continue tomorrow, 28...
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Update: Petronas says two dead after offshore support vessel hits oil...
This article was updated to include a statement by Petronas, confirming two fatalities. Two crew members from an offshore support vessel died after the vessel collided with an oil platform offshore...
View ArticleBP books small profit in 3Q
Oil major BP on Tuesday reported a small profit for the third quarter of 2020 compared to a huge loss in the prior quarter and a profit in the third quarter of 2019. According to its report on...
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Neptune in minor oil discovery near Fenja field
Neptune Energy has made a minor oil discovery and delineated the Bue oil discovery near the Fenja field in the Norwegian Sea. West Phoenix rig; Source: Equinor The wells are located in production...
View ArticleVår Energi hands out 12 deals for offshore and onshore services
Norwegian oil and gas operator Vår Energi has signed frame agreements with a total of 12 Norwegian suppliers of services within a number of technical and administrative disciplines. The agreements may...
View ArticleBorr Drilling sells cold-stacked jack-up rig
Offshore drilling contractor Borr Drilling has entered into an agreement to sell its cold-stacked jack-up drilling rig Atla to an independent operator. The jack-up rig Atla is stacked in the United...
View ArticleAker Solutions sees profit rise despite lower revenues
Norwegian oilfield services provider Aker Solutions boosted its profit in the third quarter of 2020 despite lower revenues as oil and gas operators reduced their activity levels amid lower oil prices...
View ArticleOperators shut-in nearly half of Gulf of Mexico oil production due to hurricane
Oil and gas operators have shut-in nearly half of oil production and over 55 per cent of gas production from the U.S. Gulf of Mexico due to the Hurricane Zeta. In an update on Tuesday, the U.S. Bureau...
View ArticleHess sinks deeper into the red but production grows
U.S.-based oil and gas player Hess Corporation saw its net loss deepen in the third quarter of 2020 compared to the prior-year period while its production increased by 11 per cent driven by Bakken and...
View ArticleWintershall Dea charters Eidesvik PSV for a year
Norwegian offshore vessel operator Eidesvik Offshore has been awarded a time charter contract with Wintershall Dea Norge for the platform supply vessel (PSV) Viking Princess. The contract is scheduled...
View ArticleEni swings to quarterly loss as production falls by 10 pct
Italian oil and gas company Eni booked a loss in the third quarter of 2020 compared to a profit in 3Q 2019 while its hydrocarbons production declined by 10 per cent due to impacts of the Covid-19...
View ArticleChevron to cut 25 pct of Noble Energy workforce following merger
Oil major Chevron has decided to reduce Noble Energy’s workforce by 25 per cent following the recent merger between the two companies. In an exclusive report on Tuesday, Reuters said that Chevron...
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Equinor in two oil discoveries offshore Canada
Norwegian oil and gas company Equinor has made two oil discoveries offshore Newfoundland, Canada. Newfoundland map; Source: Equinor Equinor is the operator of the two wells with a 60 per cent interest...
View ArticleShell lifts dividend as profit narrows
Oil major and LNG giant Shell saw its third quarter 2020 earnings decrease when compared to the last year’s third quarter amid lower oil price environment but the oil major decided to increase its...
View ArticleTGS drops to quarterly loss
TGS has seen red numbers in the third-quarter 2020 with revenues down some 64 per cent amid challenging seismic market conditions. Norwegian seismic player reported net loss for the third quarter 2020...
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Hurricane Zeta shuts-in two-thirds of U.S. Gulf of Mexico oil production
Hurricane Zeta has forced oil and gas operators in the U.S. Gulf of Mexico to shut-in two-thirds of oil production in the region. In an update on Wednesday, the U.S. Bureau of Safety and Environmental...
View ArticlePetronas investigating fatal incident involving oil platform and offshore vessel
Malaysian oil and gas player Petronas has started investigating an incident involving its oil platform and an offshore vessel, which resulted in two fatalities. The incident occurred when the Dayang...
View ArticleEquinor books bigger loss as impairments bite
Norwegian oil and gas company Equinor saw its quarterly loss increase after being hit by impairments due to reduced future price assumptions. Adjusted earnings were $0.78 billion in the third quarter,...
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Polarcus swings to loss on major revenue drop
Courtesy: Polarcus Marine seismic player Polarcus has slipped into the red in Q3 2020 as revenue fell some 76 per cent compared to prior year due to the global slow-down on the back of the COVID-19...
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