Tidewater Inc. reported third-quarter 2026 revenue of $360.4 million, up 5.3% sequentially, as improving offshore support vessel (OSV) day rates and utilization supported earnings growth. The company also completed a $500 million acquisition in Brazil and issued an optimistic outlook for 2027…
Kistos has signed a binding agreement with Petrogas North Sea to acquire a 30% non-operated interest in the Abbey and Baker gas fields in the UK Southern North Sea, targeting first gas production in 2029.The agreement, signed through Kistos Energy…
Saudi state oil company Aramco reported on Tuesday a 34.5% increase in third-quarter net profit despite attacks on its facilities, mainly due to higher revenue and its exit from a joint venture.The world's top oil exporter reported a net profit of $36…
Dutch floating production specialist SBM Offshore on Thursday raised its full-year revenue and core profit guidance for the third time this year, citing a strong year-to-date performance driven by its turnkey unit.The company lifted its directional revenue outlook for the year to about $7…
French oil major TotalEnergies reported a 127% rise in third-quarter earnings on Thursday, beating expectations, as the US-Israeli war with Iran continues to push up oil prices and draw historically high profit margins for refining fuels.Adjusted net income came in at $9…
DOF Group has secured a contract extension for its anchor handling tug supply (AHTS) vessel Skandi Mariner, keeping the vessel under firm contract until the third quarter of 2028.The extension follows the declaration of an option under the vessel's existing contract…
RWE and global investment firm KKR have reached financial close on the 2.8 GW Vanguard West and Vanguard East offshore wind projects in the UK North Sea, securing financing for developments representing a combined investment of approximately $16…
Australia's Woodside Energy on Thursday unveiled a new payout policy for investors and flagged it would axe around 10% of its workforce globally, as it set out higher targets for cost cutting and return on capital.Favoured by investors for paying…
Big Oil is reaping near record cash windfalls from the eight-month-old Iran war, but Western energy producers’ reluctance to ramp up spending reveals persistent doubts about the industry’s long-term outlook.BP, Chevron, Exxon Mobil, Shell and…
Harbour Energy upgraded its 2026 production and free cash flow outlook for the third time this year on Thursday, and announced a further $150 million share buyback as record output and higher commodity prices boost returns.Here are some more details:The company…
BP posted its highest quarterly profit in at least five years on Friday, beating expectations as the Iran war boosted energy prices and refining margins, and said it would use the windfall to settle its remaining Deepwater Horizon liabilities…
Shell on Thursday announced above-expectation net profit of $10.81 billion in the third quarter, its highest since 2022, and boosted its share buybacks on the back of stronger refining margins and higher liquefied natural gas prices.The US-Israeli war on Iran…
Malaysia's Velesto Energy has secured a contract from Petronas Carigali for its NAGA 3 jack-up drilling rig, covering one firm well and an option for a second well.The contract was awarded through Velesto's wholly-owned subsidiary, Velesto Drilling…
Jadestone Energy's oil and gas production has risen to approximately 19,000 barrels of oil equivalent per day (boepd) following the restart of the Cossack, Wanaea, Lambert and Hermes (CWLH) oil fields offshore Western Australia.Production resumed…
Offshore drilling contractor Valaris has secured approximately $600 million in new contracts and extensions since its previous fleet status report in August 2026, increasing its total contracted backlog to around $4.8 billion.The latest awards cover drillships…
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