Viewport3 breaks into decommissioning market with £100K contract wins
Subsea scanning specialist Viewport3 has announced its entry into the UK decommissioning market with a pair of new contracts worth a combined £100,000.
oil and gas
Six offshore wells active across Norway
Westwood Global Energy reports there were three exploration wells and three appraisal wells active at the end of October.
ExxonMobil’s profits fall in third quarter
Exxon Mobil Corp. profits fell in the third quarter, the company reported Friday.
Shell gets green light to decommission North Sea Goldeneye platform
Shell has received the green light to decommission its Goldeneye platform in the North Sea.
North Sea operator Neo Energy pledges £2.5million to UK research body
North Sea operator Neo Energy has given £2.5million in funding to a leading research and training body for the UK energy sector.
Fluor posts £574 million loss in third quarter amid company overhaul
Dallas engineering, procurement and engineering company Fluor posted a nearly three-quarter billion dollar loss during the third quarter amid a company-wide overhaul.
Energy transition announced as key theme of Southern North Sea conference
The transition to a lower-carbon energy sector will be the key topic of the flagship conference for the Southern North Sea next year.
Valaris sinks to a loss as it looks to sell ageing rig
Valaris has sunk into the red as it seeks to sell off an ageing semi-submersible drilling rig.
HSE investigation after suffocating gas found in diver’s air supply
An investigation has been launched after a substance which can cause suffocation was found in an offshore diver’s breathing gas.
Oil upturn leads HCS Control Systems to 112% boost in turnover
An upturn in the oil and gas industry has seen turnover at an engineering firm more than double as it eyes international expansion.
New paper to improve ‘line of sight’ on decommissioning work
It’s no secret that the global decommissioning market is hotting up. With enormous opportunities in the pipeline, contracts are being rolled out across the globe over the next 12 months.
Production resumed at Buzzard field after second shutdown in a month
The UK’s largest-producing oil field has once again been restarted after it was shut down for the second time in a month.
TechnipFMC unveils ‘Technip Energies’ ahead of business separation
TechnipFMC has unveiled the new name for its engineering and construction business as the firm prepares to split into two separate entities.
Spirit Energy boosts production at Chiswick field with £69m investment
A £69million investment has boosted production from a North Sea gas field.
N-Sea wins contracts worth £11.6m in Middle East
Subsea inspection, maintenance and repair (IMR) firm N-Sea has won a series of contracts out of its Middle East base worth a combined £11.6m.
Profits halved at TechnipFMC
TechnipFMC saw its profits halved in the third quarter of the year amid a series of pre-tax charges and “diverging trends” for its various business segments.
New waiver protects Serica North Sea field from US sanctions until 2021
North Sea operator Serica Energy has secured a way to protect its Rhum field from US trade sanctions until 2021.
Impairments of £2.1billion drag Equinor into the red
Impairments of £2.1billion dragged Equinor into the red in the third quarter of the year while revenues and production also fell.
Bankers shrug off risk and head back to Saudi Arabia for deals
For the second straight year, the risks of doing business in Saudi Arabia are pushing their way onto the agenda of Saudi Crown Prince Mohammed bin Salman’s glittering investment showcase.
Equinor comes on board for third year of OGTC start-up programme
The Oil and Gas Technology Centre (OGTC) has launched the third year of its “pioneer” start-up programme with Norwegian operator Equinor joining as a partner.
Union calls for ‘robust inspection regime’ after North Sea platform evacuation
An offshore union has called for a “robust inspection regime” to be imposed after more than 100 workers were evacuated from a North Sea platform over structural concerns.
Aker Solutions warns of earnings and revenue drop in 2020
Aker Solutions has warned that revenue and earnings are expected to dip next year as it fights for work in a “very competitive market”.
Expro finds new CFO in boss who helped Tidewater out of Chapter 11 bankruptcy
Oilfield services firm Expro has found a new chief financial officer in an executive who was “critical” in helping US firm Tidewater emerge from Chapter 11 bankruptcy.
Exxon blasts New York’s climate lawsuit as trial opens
Exxon Mobil Corp.’s lawyer slammed New York’s securities-fraud case as the trial opened, saying the state “twisted” reality by conflating two internal metrics the company uses to account for the financial impact of climate change on its business.
Slow progress on creating UK fracking industry, report finds
The Government's plan to establish the UK shale gas industry through the controversial process of fracking is taking longer than expected, a new report has said.