The oil giant goes a step further than other supermajors with an aim to halve emissions as early as 2030, the company says after a quarter that saw quadrupled earnings.
High oil and natural gas prices have the Norwegian company soaring in the third quarter, prompting Aker BP to increase the shareholder dividend.
Siem Offshore turned a deficit into a profit in the third quarter despite a lower top line and operating result compared to the same period last year. The offshore market is still struggling with an oversupply of ships.
John Fredriksen's strained drilling company Seadrill has received final approval of its restructuring plan by a court in Texas. The company now expects to exit bankruptcy protection within 60 days.
Money keeps leaking from the company, which on the other hand reports that its portfolio of opportunities and projects has grown and matured.
By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.
Offshore carrier Viking Supply Ships secures fresh capital from the issuance of new shares. The funds are needed to repay loans and interests and cover negative cash flow from operations the rest of the year.
Aker Solutions, Solstad Offshore and Deep Ocean form a new alliance as a one-stop shop for catering to the offshore wind industry.
The German gas giant more than doubled its third quarter sales, although an explosion in Russia still poses challenges for the company.
Offshore accommodation provider Prosafe has been awarded a contract by Totalenergies to provide accommodation support in the UK part of the North Sea. The contract starts in March 2022.
Oil rallied above USD 86 a barrel after Saudi Arabia said that the OPEC+ alliance should maintain its cautious approach to managing global crude supplies given the threat to demand still posed by the pandemic.
The world's largest oil exporter sets a net climate neutrality target for Scope 1 and 2 emissions from midcentury – however omitting Scope 3, accounting for more than 80 percent of carbon pollution stemming from Saudi Arabia's state-owned oil giant.
Norway's PGS still suffers under the Covid-19-stricken oil market, delivering yet another financial report with enormous red figures on the bottom line. The deficit is smaller than in Q3 2020, however, when PGS lost more than a quarter billion dollars.
Equinor has selected compatriot firm Aker Solutions to perform a series of initial tasks at the Wisting field in the Barents Sea.
Hotel rig company Prosafe's fleet utilization rate has been at its highest in the past three months since the second quarter of 2019. The high fleet utilization comes after several inactive rigs due to i.a. maintenance.
After budget overruns of more than 100 percent, Norwegian oil company Equinor is on the lookout for efficiency improvements at Martin Linge oil field.
Cadeler will assist its Dutch partner Van Oord in installing wind turbines for yet another wind farm in the Netherlands consisting of 69 turbines.
A majority of 88 percent of lenders have accepted a restructuring deal for ailing rig company Seadrill, controlled by John Fredriksen. The rescue plan must be approved by a court before October 26.
Earlier this year, wind service operator Cadeler upgraded its two O-class vessels, and now its first post-upgrade assignment is in the bag.
By all indications, Shell appears to have been on the safe side of the third quarter's turbulent events and trends, which are nevertheless expected to affect its financials.
.jpg)
Drilling companies need to raise their budget by 54 percent or more than USD 500 billion if the supply shortages of oil and gas are to be averted in coming years, writes Moody's.
A ship anchor may have torn a pipeline south of Los Angeles and caused a major oil spill last weekend. The US Coast Guard has inspected a ship, and the authorities are now investigating the matter, according to Reuters.
Bourbon Offshore's Norwegian subsidiary exited last year with a loss of NOK 864 million, but the recently restructured carrier eyes good opportunities and future increases in demand, reads the annual report for 2020.
Solstad Offshore has sold seven older vessels for scrapping in Norway as part of the company's rescue plan, which involves a divestment of 37 ships.
Norwind Offshore, owned by Norwegian families Farstad and Volstad, invests in three vessels valued at NOK 1.4 billion from shipbuilder Vard.
Senior Sales Director Naval - Terma 
Operations Executive 
Coordinator / Marine Operator / Operations 
Senior Accountant to Finance & Accounting 
Re-posting: Do you want to help set the agenda for the maritime competencies of the future? 
Fleet Performance Manager 
Commercial Operations - Stena Bulk Operations Controller .jpg)
Operational Sales Coordinator 
