Energy company Repsol's REP.MC adjusted net profit fell 27% year-on-year in the third quarter because of lower oil and gas prices, it said on Thursday, adding it would further diversify into renewables to offset fossil fuel volatility.The company reported an adjusted net profit of 1…
Marine seismic data specialist TGS has secured a a three-month proprietary Ocean Bottom Node (OBN) data acquisition contract in the Gulf of Mexico (GoM) for an unnamed 'repeat customer.'The project's acquisition will start in Q4 2023 and reach completion during Q1 2024…
ADNOC, AIQ, and SLB said Wednesday they had launched a new AI-driven solution for reservoir analysis and field development, enabling the acceleration of the digital transformation of the energy sector. According to the trio, the Advanced Reservoir…
Boards of directors of the Norwegian seismic data companies PGS and TGS have unanimously approved and decided upon a definitive merger agreement of the two firms, in line with the terms announced in September.The merger is to be structured as a statutory…
Oil and gas company OKEA has made an oil discovery near the Brage field in the North Sea, offshore Norway.According to the Norwegian Petroleum Directorate, between 0.2 and 0.5 million Sm3 of recoverable oil was proven in connection with drilling well 31/4-A 13 E…
Danish national transmission system operator for electricity and natural gas Energinet has awarded energy industry services firm Semco Maritime an 8-year framework agreement for the provisioning of technical consultants within design, supervision…
Norwegian oil and gas company Aker BP has started production from Kobra East & Gekko (KEG) development in the Alvheim area, offshore Norway.The KEG development comprises the two discoveries Kobra East and Gekko in licence 203. The field has…
TotalEnergies on Thursday posted a 35% fall in its third-quarter adjusted net income compared to a year ago, hurt by a drop in energy prices from highs hit following Russia's invasion of Ukraine.The French energy company's Q3 adjusted net income stood at $6…
Italian engineering and construction firm Rosetti Marino said Tuesday it had won a contract with the Italian energy industry services firm Saipem for offshore EPC activities in the Mediterranean Sea off Libya worth over 300 million euros.Saipem…
Suriname offered late Monday to exchange $675 million of dollar bonds for new notes, the next step in negotiations after reaching a deal with its bondholders in May.The government offered holders of debt due in 2023 and 2026 to swap their notes for a new 10-year bond due July 15…
Vår Energi said on Wednesday it will decide next year whether to send natural gas from Norway's Goliat oil field in the Arctic Barents Sea to the nearby Hammerfest liquefied natural gas (LNG) plant for export to world markets. Oslo-listed Vår Energi…
Lighting solutions specialist Glamox said Wednesday that Tommy Stranden would replace Håkon Helmersen as Chief Sales & Commercial Officer for Glamox’s Marine, Offshore, and Wind (MOW) division.Stranden (46) is the general manager for MOW’s Northern Europe business…
UK North Sea-focused oil and gas company Orcadian said Wednesday that the North Sea Transition Authority (NSTA) had confirmed to the company that it was prepared to agree to an extension to the second term of the offshore license containing the undeveloped Pilot oil field…
Oilfield services firm TechnipFMC said Tuesday it had won a contract with Australia's Woodside Energy to manufacture flexible pipe for a deepwater oilfield development in Mexico.Under the contract of an undisclosed value, the company will supply…
Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday that recent multi-billion dollar acquisitions by U.S. oil majors Exxon Mobil and Chevron of smaller rivals showed that hydrocarbons were 'here to stay'.'Exxon, Chevron didn't buy because they want to have stranded assets…