Dana took £45m hit in pull out of North Sea gas project
Dana Petroleum took a £45 million write down after its shock exit from the Platypus development in the North Sea.
2020 results
Peterson ‘encouraged’ by activity boost for North Sea and beyond
Logistics firm Peterson has said it is “encouraged” with activity picking up and the business eyeing a return to profits in 2021.
Repsol Sinopec sinks to $745million losses during ‘extraordinary year’
Repsol Sinopec Resources UK took losses of nearly three quarters of a billion dollars during an “extraordinary” and “challenging” 2020.
Bristow narrows losses in first year since Chapter 11
Bristow has narrowed its losses substantially in the first full year since emerging from Chapter 11 bankruptcy.
SSE profits up as spree of asset sales nears £2billion
SSE maintained healthy profits in 2020, despite the impact of the Covid-19 pandemic, racking up proceeds from assets sales of nearly £2billion.
‘Upheaval and frustration’ as Hurricane Energy sinks to losses of £440million
Hurricane Energy has sank to losses of £440million, underscoring the troubles of the west of Shetland operator.
Boskalis boasts ‘record high’ order books in 2020 despite ‘turbulent’ year
Royal Boskalis Westminster said it finished 2020 in a “very solid financial position” despite a “challenging and turbulent” 12 months.
TechnipFMC ‘well-positioned’ to benefit from market improvements despite slumping to huge losses
Bosses at TechnipFMC are confident the energy services giant is “well-positioned” to benefit from the “improved market outlook” in the coming months.
Vattenfall comfortably in the black despite ‘extreme and unusual’ year
Vattenfall stayed comfortably in the black last year despite “an extreme and unusual” 12 months for “several reasons other than the pandemic”.
Halliburton slumps to pre-tax losses of £2.4bn for 2020
Halliburton’s chief executive has praised “swift and decisive cost actions” after the firm delivered “strong margins and cash flow” at the back end of last year.