Britain's Premier Oil on Wednesday reduced its forecast for its 2019 operating costs to $12 per barrel of oil equivalent (boe) from $13 and expects debt reduction to reach the upper end of its $250-$350 million target by year-end.Premier, which had debt of around $2…
Oil firm Okea on Wednesday reported higher core earnings for the second quarter in its first-published quarterly report since its debut on the Oslo Stock Exchange.Company's earnings before interest, tax, debt and amortization (EBITDA) came in at 594 million crowns ($69…
Aberdeen-headquartered services company EnerMech announced on Wednesday that John Guy has been appointed as Chief Executive Officer (CEO), succeeding company founder Doug Duguid, who will assume the role of Deputy Chairman.Guy’s appointment as CEO will become effective from August 1…
Vietnamese and Chinese ships have been embroiled in a weeks-long standoff near an offshore oil block in disputed waters of the South China Sea, which fall within Vietnam's exclusive economic zone, two Washington-based think-tanks said on Wednesday…
Aker Solutions beat second-quarter earnings on Wednesday citing demand from the offshore oil sector despite price pressure from ongoing high capacity.Service providers are slowly recovering from a 2014 slump in oil prices that prompted companies to curb offshore projects…
The head of Italian oil group Eni has sued a former legal adviser to the company for defamation after excerpts of the lawyer's written testimony relating to a Nigerian corruption case were published in several newspapers on Wednesday.Eni said…
Italian services company Saipem said it will design and built a 500 megawatt (MW) floating offshore wind farm in Saudi Arabia under a memorandum of understanding and exclusive agreement with Abu Dhabi based renewables solutions firm Plambeck Emirates…
Norwegian based offshore service company Golden Energy Offshore Services AS (GEOS) has informed that it has secured contract extensions for Energy Swan and Energy Scout.According to Oslo-listed offshore vessel owner contract extension has been secured with Wintershall Norge AS for Energy Swan…
Seabed Geosolutions will acquire a 4D ocean bottom node (OBN) monitor survey offshore West Africa for an unnamed major oil company.The joint venture between Fugro and CGG said in a press release that the two-month survey will cover 151 sq km (58 sq mi) in water depths up to 600 m (1…
Netherlands-based workboat provider Acta Marine said that its new walk-to-work vessel Acta Centaurus with SMST equipment in Deutsche Bucht has carried out first operations.Acta Centaurus has now been working for 1.5 months at the Deutsche Bucht offshore wind farm…
Norwegian vessel provider DOF Subsea has been awarded several contracts, securing utilization for vessels in the Subsea/IMR Projects segment.Skandi Skansen will conduct mooring installation on the Njord Future project for Equinor in the Atlantic region…
Two installations from Spirit Energy’s ST-1 in the North Sea have arrived at the Dales Voe decommissioning facility in Shetland, Scotland, with works set to be carried out by partners Veolia and Peterson.The 45-metre high 1,300 tonne steel jacket and 1…
Equinor Energy AS, operator of production licence 502, has completed the drilling of wildcat well 16/5-7.Equinor’s objective was to investigate potential reservoir rocks in several levels: Upper Jurassic intra Draupne Fm sandstones, Upper Triassic Skagerrak Fm…
Japanese companies Sumitomo Corporation and Electric Power Development Co., Ltd. (J-POWER) have begun an offshore ground investigation off the coast of Japan to explore the possibility of developing an offshore wind power plant.The Japanese…
Oilfield services firm Parker Drilling Company said its president, CEO and director, Gary Rich, will retire later this year.The Houston-based company, which completed a financial restructuring earlier this year, said Rich will remain in his…
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