Drilling company Noble Corporation booked an adjusted deficit of USD 22 million in the second quarter of 2021 following a financial restructuring in February and exit from Chapter 11.
Drilling major Valaris, recently restructured, exits the second quarter with a billion-dollar net loss, largely due to impairments and other costs. But demand improves on the back of pandemic-related downturn, says the CEO.
Transocean exits the second quarter with a significantly reduced deficit, and the drilling major's CEO projects improved rates and utilization from the turn of the year.
Subsea 7 buys a majority stake in Nautilus Floating Solutions to further solidify its focus in the offshore wind sector. The move follows the recent merger of Subsea 7's renewables business with OHT.
In the first half of the year, Norway's state-owned oil and gas company Petoro sent more than USD 6 billion into the Norwegian Petroleum Fund, nearly surpassing the whole of 2020. This is due to increased prices and rising demand, says the CEO.
Activity on the Norwegian continental shelf has been high in the first half of 2021, and several development projects are on the cards, says the Norwegian Petroleum Directorate.
French oil company TotalEnergies exits the second quarter with a significantly improved result on higher oil and gas prices.
Oil major Shell dials up its dividend after revenue almost doubled and the adjusted result soared in the second quarter.
Subsea 7 increased its revenue with 59 percent compared to 2020, however, it was not enough to keep the balance sheet in the black on the bottom line. The offshore company states that delays and Covid-19 impacted business in the second quarter.
After a year of seeing deficits in several quarters, Equinor now maintains the fine form the company came into during the first quarter 2021.
SEB evaluates that the recently restructured Seadrill will have a fair equity value of about USD 1.2 billion. Since the news of the restructuring broke over the weekend, the Seadrill stock price has only plummeted.
Hundreds of specialized vessels are needed for the installation and maintenance of offshore wind turbines in the coming ten years, predicts VesselsValue. Demand for offshore wind is increasing rapidly, not least in Asia.
The major oil and gas firm increased its second quarter profit by 93 percent compared to the same period of 2020.
The oil firm is poised to establish large-scale hydrogen production in the German North Sea alongside RWE and Gasunie.
A wind turbine installation vessel capsized off the coast of Guangdong in Southern China. 67 people fell into the sea and four are still missing, several media report. See the video in the article.
John Fredriksen's strained drilling company Seadrill has settled a comprehensive restructuring agreement with a majority of its lenders, which among other things reduced the company's debt liabilities by almost USD 5 billion.
Oil prices have recovered over widespread concerns about the impact of the delta coronavirus, which led to a slump early in the week and could put a lid on prices, just as OPEC+ is planning on adding 400,000 more barrels to the market from August.
Solstad Offshore ASA has landed new contracts for three of its construction support vessels, the company shares in an announcement.
The oil giant will not accept the Dutch ruling, which directs the company to reduce its global emissions by 45 percent towards 2030.
The classification firm has been tasked with investigating safety at a hydrogen project off the coast of France. Hydrogen is seen as a key potential alternative fuel for shipping in its efforts to decarbonize.
Offshore ship operator Dof has secured fresh work for two of its vessels. One contract is with Petrobras and the other with Equinor, according to an update.
Aker Solutions announces its second-quarter results on Thursday, showing advancement for the company after being hit hard by the pandemic and oil price slump. Aker BP doubles operating income and predicts a strong future.
Offshore carrier Siem Offshore has found its new chief financial officer within its own ranks with a planned start date in August.
Almost brand-new company Aker Clean Hydrogen reports a second quarter result clearly marked by its status as a beginning venture.
With negotiations at a deadlock and oil inventories falling below average levels in 2015-2019, the current output level is falling short of the IEA's second-quarter consumption projections, and the 400,000 barrels-a-day hike under consideration will do little to bridge the gap between supply and demand.
Naval Architects x4 - South Coast UK 
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Dry Cargo Brokers for Simpson Spence Young - Bidsted, Copenhagen