Brazil’s state-owned oil major Petrobras had an average production of 2.765 million barrels of oil equivalent a day in the first quarter of 2021, an increase from the fourth quarter but a decline when compared to the same quarter in 2020.
Energy supermajor Shell has nearly doubled its earnings in the first quarter of 2020 due to higher realised oil prices and chemicals margins.
Swedish provider of engineered polymer solutions Trelleborg has divested another part of its oil and gas portfolio – this time in Norway.
Norwegian oil and gas company Aker BP has booked a profit and saw higher income in the first quarter of the year due to higher realised prices and an increase in sold volume compared to the previous quarter.
Oil and gas investment company ADM Energy has completed the acquisition of a controlling interest in a risk-sharing agreement for the development of the Barracuda field.
Shareholders of Australia’s FAR Limited have approved the sale of the company’s Senegal RSSD project, which contains the Sangomar field, to Woodside.
Offshore drilling contractor Valaris booked a $910 million loss in the first quarter of the year but hopes to re-emerge from bankruptcy sooner rather than later.
A subsidiary of Norwegian offshore vessel owner Eidesvik Offshore has sold and delivered one of its platform supply vessels (PSVs).
Offshore helicopter operator Bristow Group has won a contract extension with Aker BP to support air transportation crew change services for their operations on the Norwegian continental shelf.
Oil and gas company Hess Corporation has reported a net income of $252 million in the first quarter of 2021, a completely different picture than the one from the first quarter of 2020 when the company had a net loss of $2,4 billion.
Offshore construction specialist Lamprell has been awarded an engineering, procurement, construction and installation (EPCI) contract by Saudi Aramco.
German oil and gas company Wintershall Dea has had a record quarterly production in the first quarter of 2021 with 659,000 barrels of oil equivalent a day and reduced its net debt by almost a third.
Oil major BP has tripled its quarterly profit due to exceptional gas marketing, significantly higher oil prices, and higher refining margins.
Houston-based Vaalco Energy has signed a non-binding letter of intent (LOI) with Omni Offshore Terminals to provide and operate floating storage and offloading (FSO) unit at the Etame Marin field offshore Gabon.
