Topic: Oil & gas

Aker Solutions posts better than expected results

OffshoreAker Solutions has recorded better than expected second-quarter results. Cost-saving measures and increased activity in existing projects have led to higher revenue, earnings and order-intake than anticipated following the outbreak of Covid-19. Read more
|Comment|author: Adnan Bajic

United Heavy Lift moves 8,000-tonne turret

OffshoreUnited Heavy Lift has safely moved an 8,000-tonne turret for Equinor’s new Johan Castberg FPSO. The turret is designed by SBM Offshore and will now be shipped from Drydocks World Dubai to Singapore where the...Read more
|Comment|author: Adnan Bajic

OPEC+ agrees on record production cut

Oil & GasOPEC and its allies have agreed to cut oil production by 9.7 million barrels per day starting May 1st. The record cut is aimed at stabilizing the oil price which has dropped dramatically due to...Read more
|Comment|author: Adnan Bajic