Offshore Engineer Activity - page 1065

 

TechnipFMC to Take $2.4B Impairment Charge

Feb 11, 2020

Oilfield services provider TechnipFMC said on Monday that it expects to take asset impairment charges of $2.4 billion in the fourth quarter as producers cut spending due to lower prices for oil and gas. TechnipFMC also said it expects 2019 revenue to be near $13…

Aker BP Q4 Profit Beats Forecast, Output to Rise 36% in 2020

Feb 11, 2020

Norway's Aker BP beat fourth-quarter profit forecasts on Tuesday and said it expects its oil and gas output to jump 36% in 2020, the first full year of production from the giant Johan Sverdrup oilfield.Chief Executive Karl Johnny Hersvik said…

Guyana to Agree to Oil Prices with Exxon Before Govt's First Export

Feb 11, 2020

Guyana is aiming to complete talks with the Exxon Mobil Corp-led consortium producing oil off its coast over crude pricing, lifting costs, and scheduling before the government exports its first cargo, energy director Mark Bynoe said on Monday…

Europe Leads Global Activity Surge

Feb 10, 2020

A slew of reports so far this year suggest a confluence of the right factors for a strong, sustained surge in contracting activity — especially in drilling — seems to be developing, at least in Europe.Several indicators were in January pointing to key some snowballing of new activity…

Aker Energy Taps Fugro for Pecan Field Survey in Ghana

Feb 10, 2020

Aker Energy, a Norwegian oil company working to develop its Pecan field, offshore Ghana, has hired the Dutch offshore survey specialist Fugro to examine the seabed at the location ahead of the further Pecan infrastructure planning.The Pecan…

Somalia President Signs New Oil Bill into Law

Feb 10, 2020

Somali President Mohamed Abdullahi Farmajo has signed landmark petroleum legislation into law to help open up a new frontier market, the oil ministry said on Saturday. The upper house of Somalia’s parliament in January approved the petroleum…

Colombia: Ecopetrol, Shell in Deepwater Team-Up

Feb 07, 2020

Colombia's Ecopetrol and Anglo-Dutch energy giant Royal Dutch Shell have teamed up to develop three blocks in the Caribbean, the state-owned oil company said on Friday. Under the deal, Shell will acquire a 50% operating-stake in the Fuerte Sur…

Fugro Surveying i3's Offshore Drilling Locations

Feb 07, 2020

Dutch offshore survey company Fugro has started a site survey over oil company i3 Energy's UK North Sea licenses, ahead of the planned drilling campaign later this year.North Sea-focused oil company i3 said Friday that Fugro had started the…

Cost Cuts Pay Off for NOV

Feb 07, 2020

National Oilwell Varco beat estimates for its fourth-quarter profit on Thursday, as the oilfield services provider cut costs to counter an ongoing decline in North American drilling activity. Lower crude prices and investor demand for higher returns have forced U…

Africa Oil Farms Into Offshore Block in S. Africa

Feb 07, 2020

Canadian oil company Africa Oil has received the South African government's approval to buy into the offshore block 3B/4B.Africa Oil will acquire a 20% stake in the Block 3B/4B Exploration Right from Azinam. It will also assume operatorship for the joint venture partners…

UK, Norway Purses Blow Wind in Equinor Sails

Feb 07, 2020

UK (and Norwegian) taxpayers are largely footing Equinor’s wind-energy success by helping the offshore oil, gas and renewables player operate a healthy profit and hand out dividends, Norwegian news reports have been trumpeting of late.It was Stavanger Aftenblad…

Sembcorp Marine Discussing Sale Terms for Two Sete Rigs

Feb 06, 2020

Singapore's Sembcorp Marine is in talks to sell two drillships previously ordered by Brazil's Sete Group.Sete was established in the early 2010s as a drilling contractor that would lease rigs to Petrobras. Petrobras had committed to charter 28 offshore drilling rigs at the time…

Equinor Broadens Scope of Carbon Targets to Match Rivals

Feb 06, 2020

Equinor joined other major European oil and gas companies on Thursday by including emissions from the fuel it sells to customers in its carbon reduction targets as investors step up the pressure on fossil fuel producers. By including so-called…

Italian Court Throws Out Witness Request in Eni Nigeria Graft Case

Feb 06, 2020

A Milan court has rejected a prosecution request to hear testimony from a former legal adviser of Eni who has accused the company of spying on judges, offering a boost to the Italian oil firm as it fights bribery allegations over a Nigerian oil field…

Most High-Impact Wells in 2020 to be Drilled in Africa & Americas

Feb 05, 2020

The majority of high impact offshore exploration wells in 2020 will be drilled in Africa and the Americas, Rystad Energy, an energy research group based in Norway has said.Rystad Energy rates wells as high-impact by an assessment of several factors…

Current News

Saudi Aramco to Keep Shelf Drilling’s Jack-Up Busy for Five More Years

Saudi Aramco to Keep Shelf Dri

Viaro Energy to Boost North Sea Portfolio with Deltic Acquisition

Viaro Energy to Boost North Se

Triton Anchor Gets Patents for Floating Renewables Anchoring Tech

Triton Anchor Gets Patents for

Osbit Opens New Offshore Wind Facility in Port of Blyth

Osbit Opens New Offshore Wind

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine