Equinor Q1 results beat forecasts thanks to production growth
Equinor (OSLO: EQNR) has beaten forecasts to deliver higher than expected first-quarter results, boosted in part by higher production thanks to its stake in the UK’s Buzzard field.
Equinor (OSLO: EQNR) has beaten forecasts to deliver higher than expected first-quarter results, boosted in part by higher production thanks to its stake in the UK’s Buzzard field.
By Michael BehrThe Fyne oil field, which is being developed by Rapid Oil, Ping Petroleum and Hibiscus Petroleum, has moved from the assessment phase into the authorisation phase.
Investors in French oil major TotalEnergies (LON: TTE) will call for the division of the role of CEO and chairperson of the company, claiming this could speed up its transition towards clean energy.
The company behind one of the Northern Ireland's most significant oil and gas projects said it continues to progress with its drilling programme at Woodburn Forest while a County Antrim council brought to court over the project prepares to make a decision.
Irish oil producer Petroceltic said a court examiner had selected its largest shareholder, Worldview Capital Management, to take control of the group.
Sound Energy will press ahead with drilling its Badile prospect after receiving permission from Italian authorities this week. No date has been earmarked for commencement of drilling although Sound confirmed it would begin some time during 2016. The company has already secured the drilling rig to be used on Badile.
Faroe Petroleum said it has received consent to drill an exploration well in the North Sea.
Independent well management firm Zenith Energy has achieved a drilling first for the firm by completing of a UK land well after being appointed operator late last year.
A majority of people in Scotland will vote to leave the European Union, leading Brexit campaigner Michael Gove has predicted.
Archer has struck a deal to employ hundreds of Odfjell employees after their jobs faced the axe following the loss of a number of contracts from Statoil.
The Norwegian Petroleum Safety Authority (PSA) has warned the oil and gas sector it must take action to tackle safety after a report on petroleum activity risk levels (RNNP).
Sound Energy said it expects to get written approval for the Badile well in Italy from the Italian Ministry of Economic Development next month.
DNB ASA expects loan losses to grow more than analysts estimated as Norway’s biggest bank adapts to the fallout of lower oil prices.
Teekay Offshore Petroleum said up to 70 positions are to go from the company after a contract with Repsol comes to an end in August.
Prospex Oil and Gas has confirmed that Hutton Poland Limited has been formally awarded the Kolo License. Prospex holds a 49% interest in Hutton.
Statoil ASA, Norway’s biggest oil company, said profits slumped by 86 percent as crude prices fell to their lowest level in almost 12 years in the first quarter.
Total SA’s first-quarter profit fell 37 percent, beating analysts’ forecasts as cost cuts, rising production and resilient refining profits helped the French company offset the slump in crude prices.
Aker Solutions and ABB have agreed a subsea alliance to target new business.
The Norwegian Maritime Directorate (NMD) said it will check all rigs on the Norwegian Continental Shelf following the death of a worker in a huge storm.
Egdon Resources, the UK-focused oil and gas company, reported a pretax loss of £2million, due largely to impairments on its Waddock Cross project.
The U.K. government must lay out specific options to fill a looming energy shortfall after Electricite de France SA delayed a decision last week on whether to build Britain’s first nuclear power plant in 30 years, the opposition Labour Party said.
PetroNeft Resources has reached an agreement with activist investor Natlata Partners to appoint its chosen non-executive directors to the board, including controlling shareholder Maxim Korobov.
National Oilwell Varco (NOV) has made a further 520 redundancies in Norway.
Odfjell Drilling said it will reduce its headcount by 200 positions.
Centrica today confirmed its £170million takeover of Denmark-based Neas Energy.
Viking Supply Ships is to close its office in Newfoundland as the global decline in oil price continues.
Shell has started a voluntary redundancy process for staff in the Netherlands as it looks to cut its headcount by more than 10,000 jobs worldwide.
Third Energy has agreed to further extension request from the North Yorkshire Council to have more time to consider the firm's fracking bid.