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…
U.S. oilfield technology firm Baker Hughes beat third-quarter profit estimates on Wednesday, driven by strong demand for its services and equipment in international markets.Energy firms booked record profits last year following a spike in commodity…
Oil and gas producer Hess Corp on Wednesday beat Wall Street estimates for third-quarter profit on higher production, days after agreeing to be bought by larger U.S. rival Chevron Corp for $53 billion.New York-based Hess's net production was 395…
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…
Shell will cut around 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan's drive to boost profits, it said on Wednesday.The staff cuts and organizational changes come after Sawan…
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…
Colombia's oil and gas industry is not coming to an end due to the transition to cleaner energy, Ecopetrol CEO Ricardo Roa said on Tuesday, in response to a union statement that alleged executive decision-making is threatening the majority state-owned company's future…
China is willing to provide necessary information in accordance with international law regarding an investigation on damage to a Baltic Sea gas pipeline, the foreign ministry said on Wednesday at a regular press briefing.The damage earlier this…
Lebanon wants a consortium led by TotalEnergies to drill another well at offshore Block 9 quickly, after a first well did not find enough natural gas to be commercialized, energy minister Walid Fayad told Reuters.The consortium drilling in Block…
Colombia hopes to launch its first-ever tender to license offshore wind blocks in December, Minister of Mines and Energy Andres Camacho said on Tuesday, adding that the ministry was analyzing more than 50 comments on a draft of the rules.In July…