Equinor awards service contracts worth NOK 3.5bn
Equinor discloses contracts for six years of inspection tasks worth NOK 3.5 billion. Aker Solutions takes an order for NOK 1.2 billion.
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Equinor discloses contracts for six years of inspection tasks worth NOK 3.5 billion. Aker Solutions takes an order for NOK 1.2 billion.
Singapore-based Swire Pacific Offshore shuts down its Norwegian subsidiary Swire Seabed AS.
The two offshore oil service companies Subsea 7 and Saipem are weighing a merger that would create a major European player in the segment.
OPEC expects oil demand to decline in 2020. The prognosis supports the prospect of member states deciding to limit oil supply at next month's meeting in Vienna.
A Shell subsidiary has hired rig Maersk Developer for two well development projects. The contract is valued at USD 39 million.
With the current policies, global energy consumption will increase by 25 percent ahead of 2040, accompanied by continued growth in greenhouse gas emissions.
Maersk Oil's sale to Total has taken a big toll on the employees on the Dan F platform in the North Sea, where several staff voice concerns about stress and are looking for new jobs. In an internal document, an employee warned of deteriorating safety.
Iran has found a huge new oil deposit, extending its crude reserves by around one third.
Hafnia and CEO Mikael Skov had to dial down expectations ahead of IPO but reached its target for sale of shares ahead of thelisting. Former BW chief executive Tina Revsbech landed a new top job within shipping, and Thorco Projects is once again positive, in a week in which several companies presented financial figures.
Debt-ridden Norwegian offshore shipping line Solstad lands work for six vessels with a new contract. The ships will service drilling campaigns in Australian waters starting next month.
Offshore company Boskalis exited the third quarter of the year with increases in revenue and operations. The order book also grew in the period, and the company expects a stronger second half of the year, writes Boskalis in an update.
Swedish offshore carrier Viking Supply Ships lands a higher revenue and books a profit for the third quarter. CEO sees better market, but adds that the balance is "highly fragile".
The Norwegian oil major has discovered the equivalent of up to 100 million barrels of oil in the North Sea, among this year's biggest discoveries for the company.
A weak Norwegian krone hits well company Archer with a foreign exchange loss of USD 23.4 million. The bottom line also reveals a major deficit for the company, which is controlled by John Fredriksen.
The downturn in the offshore sector and weaker prospects made Prosafe book a massive impairment on accommodation rigs. The company also says that it will appeal the Norwegian authorities' rejection of its merger with a competitor.
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Occidental Petroleum cuts its capital expenditure for next year to pay off on its debt following the acquisition of Anadarko, which was finalized in the latest quarter. The company also reports a deficit.
BW Group's offshore company reports a rise in revenue for the third quarter, according to preliminary numbers from the company. This happens while its FPSO fleet uptime stands at nearly at 100 percent.
Most of the exploration wells where Norway's Petoro has participated this year have shown no traces of oil and gas, writes Sysla. Discoveries have been "disappointing", says CEO.
Rig operator Seadrill has now secured more work for Petrobras in Brazil. The new contract is expected to be worth a triple-digit million-dollar figure.
The world's largest oil company is now a step closer to an initial public offering after authorities clear IPO prospectus.
The value of the Aker group's investments, which cover several large oil and shipping companies, declined for the second consecutive quarter. "Our portfolio is exposed to volatile industries," chief executive says.
Norway's Borr Drilling has secured a number of new contracts and extensions since August this year, and the drilling company's fleet approaches 20 rigs.
Solstad Offshore's creditors have agreed to postpone interest payments on the shipping company's debt once again. The struggling offshore company now has until March 31, 2020, to find a solution to its problems.
A customer has yet to pay BW Offshore for an FPSO charter contract. The company risks losing USD 23 million in operations if the customer does not pay during the remaining contractual period.
Equinor, Aker BP and Total all see the advantages of a merger between Prosafe and Floatel. Each company is fragile on its own, according to a response that ShippingWatch has read via a right of access to documents. Norwegian authorities have rejected the merger.
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