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Offshore

Aker BP beats its sales record

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 books small profit in third quarter

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.

Danske Bank makes commitment to CO2 neutral loan portfolio by 2050

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.

Prosafe bags contract with Totalenergies

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.

Saudi Aramco pledges to reach net-zero emissions by 2050

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.

Oil service firm loses nearly USD 60 million in three months

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.

Prosafe reports highest fleet utilization since 2019

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.

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