Dutch geological data specialist Fugro reported stronger-than-expected core earnings on Friday, but cautioned that worsening conditions in the offshore wind sector and tighter spending by energy firms could weigh on its performance in the final quarter…
Energy industry services firm EnerMech has secured a pipeline pre-commissioning contract by McDermott in support of Shell Trinidad and Tobago’s Manatee gas development.EnerMech said it will deliver ‘critical services’ across a 115 km, 32-inch offshore pipeline…
Portugal's Galp Energia reported an 11% increase in adjusted third-quarter core profit on Monday, beating analysts' estimates, driven by a jump in refining margins and robust gas trading.The energy firm reported adjusted earnings before interest…
Italy's Saipem said on Wednesday its third-quarter adjusted core profit rose 29% year-on-year as the energy contractor pocketed new orders in Turkey and Guyana.Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 437 million euros ($510 million)…
GE Vernova's profit topped third-quarter expectations on Wednesday, driven by strong equipment orders and surging U.S. power demand from data centers supporting artificial intelligence workloads.Growing power demand from AI and other data-heavy…
Aker BP, Norway's second-largest listed oil company, posted on Wednesday a slightly higher-than-expected core profit for the third quarter and increased its 2025 production guidance.Its earnings before interest, taxes, depreciation and amortisation (EBITDA) fell to $2…
Energy data and intelligence firm TGS has secured an ocean bottom node (OBN) acquisition contract in Gulf of America.The 4D monitor survey for an undisclosed client is scheduled to start in the fourth quarter of 2025.The duration of the acquisition will be approximately four and a half months…
German navigation systems specialist Anschütz has officially unveiled ‘Anschütz Autonomics’, a new line of solutions aimed at enabling autonomous navigation and mission automation for commercial, defense and security vessels.The launch follows…
The igus e-loop replaced traditional service loops being installed on Seadrill’s West Polaris drillship (Credit: Supplied by igus)A modular cable management system, designed by German-based supplier igus, has been implemented by offshore driller Seadrill to reduce downtime…
United Oil & Gas has signed a non-binding memorandum of understanding (MoU) with TDI-Brooks to secure a specialist survey vessel for a campaign offshore Jamaica.The work is related to the planned piston coring and surface geochemical program on the company’s Walton Morant Licence…
Oil and gas firm Rhino Resources has made a gas condensate discovery off the coast of Namibia in a well spudded by Deepsea Mira semi-submersible drilling rig.The discovery was made as part of a drilling campaign in Block 2914A, in the Orange Basin…
Belgian marine contractor Jan De Nul has ordered a rock installation vessel, specifically built to strengthen the protection of offshore energy and subsea data infrastructure.The vessel, named George W. Goethals, will be the company’s largest rock installation ship to date…
Exxon Mobil, Brazilian state-run Petrobras and oil services provider TechnipFMC petitioned the country's antitrust regulator Cade to intervene in a merger between energy contractors Subsea7 and Saipem, public documents seen by Reuters show.In filings submitted on Thursday…
Forum Energy Technologies (FET) has launched its next generation remotely operated vehicle (ROV) control system – ICE Unity. In what is a significant leap forward for ROV control technology, the introduction of ICE Unity meets the increasing…
Provider of services to the global energy industry Petrofac has extended its work in the U.K.’s North Sea with a two-year contract renewal from Ithaca Energy, valued at $50 million.Under the integrated services contract, Petrofac, who has supported Ithaca Energy since 2011…