Saudi Arabian oil giant Aramco on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the previous year on higher energy prices, increased volumes sold, and improved margins for refined products.The profits, which are around triple that of Exxon's $56 billion…
Inhabitants of the tiny island of Christiansö in the Baltic Sea found themselves in the glare of global media attention this week after reports alleging a boat moored off the rocky outcrop was used to blow up the Nord Stream gas pipelines. 'Practically…
British union Unite on Friday said several Sparrows offshore services workers have voted to strike at dozens of platforms on the UK continental shelf including those of BP and Shell.Around 150 Sparrows workers across more than 20 oil and gas platforms have voted for strike in a dispute over pay…
TotalEnergies is set to use Transocean's harsh environment semi-submersible drilling rig to drill the Benriach offshore exploration well in the Laggan Tormore area, west of Shetland, UK.As previously reported, TotalEnergies' partner Kistos said…
Offshore drilling firm Dolphin Drilling said Thursday its Blackford Dolphin drilling rig had arrived in Nigeria.The rig is preparing to start operations under a 12-month contract with General Hydrocarbons Limited (GHL).Worth noting, Dolphin…
Norwegian offshore energy industry services firm Ross Offshore has agreed to charter Teige Gruppen's Sunny Lady fishing vessel for future offshore activities.The initial agreement is for the charter for the summer of 2023, but the parties envision long-term cooperation…
BSE-listed Swan Energy, via its 51% subsidiary Triumph Offshore Private Limited (TOPL), said Friday it had executed a term sheet with Turkey's BOTAS to lease an FSRU vessel to the Turkish firm.The term sheet, signed on December 31, is for chartering…
Harbour Energy, Britain's largest oil and gas producer, said on Thursday it will conduct a $200 million share buyback, after higher oil prices helped free cashflow triple to $2.1 billion but windfall taxes weighed on its profit. After Britain…
Inland and Coastal Marina Systems (ICMS) in Scotland said Friday it had installed a heavy-duty pontoon system in Eyemouth Harbour as part of the new operations and maintenance (O&M) base for the Neart na Gaoithe offshore wind farm.The system comprises a 58m x 4m pontoon and a 27m x 4m pontoon…
The European Union wants to hold joint naval exercises as part of plans to step up its efforts to protect critical infrastructure at sea, the EU environment policy chief said.Concerns about security threats to Europe's maritime infrastructure…
Shipbuilder and designer Vard, part of Fincantieri, said Friday that it had secured a contract to design and build a cable laying vessel for NCT Offshore in Denmark.The VARD 9 01 design vessel is designed by Vard Design in Ålesund, Norway. The hull will be built at Vard Tulcea in Romania…
An industrial-scale concept for a floating production unit to produce green ammonia has secured Approval in Principle (AiP) from DNV, and the project is now ready to start the Basic Design phase.The NH3 FPSO concept is being developed by Netherlands…
Oil and gas companies operating in Indonesia are being encouraged to install carbon capture facilities in their working areas, the Energy Ministry said on Friday.The resource-rich country, which is also one of the world's biggest greenhouse gas emitters…
After securing a contract for its Viking Princess supply ship with Wintershall DEA on Thursday, Eidesvik Offshore said Friday it had won a deal for the Viking Queen vessel with the same oil company.The contract for the 2008-built Viking Queen is for 12 months…
BP CEO Bernard Looney's 2022 pay packet more than doubled to around $12 million on the back of bumper profits amid spiraling energy prices, while BP's emissions were broadly unchanged, its annual report showed on Friday.BP reported a record profit of $28 billion for 2022 and hiked its dividend…