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SURF’s up on Anyala and Madu fields
Nigerian National Petroleum Corporation (NNPC) and First Exploration & Production (First E&P) have completed SURF installation campaign on Anyala and Madu fields under OML 83 and OML 85,...
View ArticleBaker Hughes books bigger quarterly loss
Oilfield services provider Baker Hughes saw its loss deepen during the second quarter of the year as its revenues decreased by 21 per cent compared to the same period last year. According to its...
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Red quarter for Polarcus as revenues sink
Marine seismic player Polarcus has slipped deeper into the red in Q2 2020 as revenues dropped close to 66 per cent compared to prior year. The Oslo-listed company reported second quarter 2020 loss of...
View ArticleOKEA restarts Draugen after nearly a month-long turnaround
Oil and gas company OKEA has successfully completed a turnaround on its operated Draugen platform located offshore Norway. OKEA said on Thursday that the production on Draugen started after a...
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Rystad: Oilfield services market could replace lagging revenue by tapping...
Hit by the Covid-19 downturn, the oilfield service market is not likely to rebound to last year’s activity level until 2023, according to a Rystad Energy analysis. However, suppliers could diversify...
View ArticleWatch Neptune install subsea equipment for two North Sea projects
Neptune Energy has successfully installed subsea oil and gas production flowlines and gas lift flowlines for its Duva & Gjøa P1 developments in the Norwegian sector of the North Sea. Neptune and...
View ArticleHelix Energy Solutions earnings drop in Q2
Houston-based offshore services and robotics specialist Helix Energy Solutions has reported profit of $5.5 million, or 4 cents per diluted share, for the second quarter of 2020 compared to $16.8...
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Shell gets green light for Brent Alpha jacket decommissioning plan
UK authorities have approved Shell’s decommissioning plan for the Brent Alpha jacket, located in the UK sector of the North Sea. The Brent Alpha platform in 2006; Source: Shell Through the Brent Alpha...
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More red ink for PGS
PGS has seen its Q2 2020 loss widened, as revenues fell more than 50 percent. The Oslo-listed seismic player reported quarterly loss of $111.4 million, or 29 cents per share on revenues of $90...
View ArticleRepsol swings to loss as asset impairments bite
Spanish oil and gas company Repsol booked a loss in the second quarter of the year after being forced to re-evaluate its upstream assets due to the effects of the coronavirus pandemic and the low oil...
View ArticleUN Security Council urged to prevent oil spill from leaking oil tanker wreck...
The condition of the decaying oil storage vessel Safer, floating north of Hodeidah, Yemen, is deteriorating daily, posing a major threat of an oil spill, the UN Security Council was told last week....
View ArticleEMGS loss widens on halved revenues
Norwegian geophysical services company EMGS has seen its second-quarter loss widened as revenues slipped almost 50 per cent The Oslo-listed firm booked Q2 2020 loss of $6.6 million or 5 cents, versus...
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Equinor sees red as low oil price and Covid-19 halve 2Q revenues
Norwegian oil and gas giant Equinor sank to the red in the second quarter of the year as its revenues were halved amid Covid-19 pandemic and low oil prices. The Johan Sverdrup field in the North Sea....
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Havila bags three-year job for subsea vessel in Brazil
Norwegian offshore shipping company Havila has been awarded a three-year contract for its subsea vessel in Brazil. Havila Harmony vessel; Source: Havila Havila said on Friday it has entered into a...
View ArticleKim Heng buys two anchor handling tugs from distressed seller
Offshore and marine services provider Kim Heng Offshore & Marine has bought two anchor handling tugs from Posh Terasea. Kim Heng said on Friday that its 51 per cent owned subsidiary, Bridgewater...
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TAQA files decommissioning plans for two North Sea platform topsides
TAQA Bratani has filed its decommissioning programs for the Tern and North Cormorant platform topsides, located in the UK North Sea, to the UK authorities. North Cormorant platform; Source: TAQA Under...
View ArticleCharges and revenue drop drag Schlumberger into the red
Oilfield services major Schlumberger recognised a $3.34 billion loss in the second quarter on $3.7 billion charge and revenue drop of some 35 per cent. The loss of $2.47 per share compares with profit...
View ArticleFugro delivers remote inspection in UK sector
Fugro has delivered the first fully remote inspection of an oil and gas platform in UK waters. The project took place 250 kilometres east of Scotland, using an ROV and Fugro’s remote operations centre...
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BP takes Solstad vessel trio for Ironbark drilling support
Oil major BP has chartered three Solstad Offshore’s vessels to support the company’s Ironbark drilling campaign offshore Australia. Solstad Offshore said on Monday that BP awarded contracts for two...
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Avance Gas sells VLGC Avance
Liquefied petroleum gas (LPG) transporter, Avance Gas, has agreed the sale of another one of its very large gas carriers to a third party for $35 million. Courtesy of Avance Gas The company noted is...
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