Record international output boosts Equinor’s profits
Norwegian energy giant Equinor said record international production helped it post “solid results” and cash flow from operations in the first half of 2018.
Norwegian energy giant Equinor said record international production helped it post “solid results” and cash flow from operations in the first half of 2018.
French oil giant Total said today that its takeover of Maersk Oil had helped raise production by 7% in the first half of 2018.
Saudi Arabia took the extraordinary measure of temporarily halting oil shipments via the Bab el-Mandeb Strait, a key shipping lane for crude at the southern tip of the Red Sea, after two tankers were attacked by the Yemeni Houthi militia.
TechnipFMC reported falling earnings and revenues for the second quarter, although the global energy services firm still turned a $106 million net profit.
Access to Europe is “absolutely critical” to the North Sea as Brexit approaches, according to an industry expert.
Aberdeen-based Innospection has partnered with Shell on a £6.8 million scheme to develop robots to inspect tanks of floating production, storage and offloading vessels (FPSOs).
Italian oil firm Saipem has announced more than £600 million in worldwide engineering and construction (E&C) contracts.
Rig contractor COSL has been ordered to improve its safety measures after a 25-tonne lifting frame was dropped on its Pioneer vessel.
A cargo ship which had been stranded for the past week after running aground has been refloated.
South Sudan has pulled a number of contracts from French oil giant Total.
Hess Corporation today reported a net loss of £98 million in the second quarter of 2018, compared to a net loss of £341 million in the second quarter of 2017.
Energy giant Shell will report improvements “across multiple areas of the business” in its second quarter results announcement tomorrow, an analyst has said.
A team of Oil and Natural Gas Corporation (ONGC) engineers successfully plugged a gas leakage on an unmanned offshore platform in Mumbai yesterday despite adverse weather.
Shale drilling firm Cuadrilla has today claimed a more than £10 million investment in the local Lancashire economy.
Russia, one of the world’s top three crude producers, is preparing the most radical shakeup of its oil-tax system since 1999.
Trade unionists and workers will stage a protest in the north-east tomorrow against the redundancy plans of Paragon Offshore's new owners.
Bristow Helicopters has confirmed that a "technical issue" forced an Sikorsky S-92 to return to base yesterday.
Partners behind the Wick oil field project in the Moray Firth said today that they had taken a major step towards drilling an exploration well.
Norwegian oil giant Equinor’s decision to delay an appraisal well on a North Sea field is only a minor setback for project partner Jersey Oil and Gas, an analyst has said.
US oil major ConocoPhillips confirmed yesterday that it was exploring in the North Sea at a time when doubts are being cast on its desire to stay in the region long term.
European oil major’s BP, Eni and Shell are outperforming their peers amid a wave of new project approvals in the recent downturn, analysts have said.
Production was due to restart on three North Sea platforms yesterday after workers’ strikes ground them to a halt on Monday.
Fracking at a site in Lancashire has been given the final go-ahead by the Government.
ExxonMobil increased its estimate for a giant offshore oil discovery in Guyana by 25 percent yesterday, but it may just be the beginning.
The dark storm clouds that have been hanging over the oil industry during the crude-price slump have suddenly started raining cash.