ConocoPhillips its quarterly dividend by 11% and beat Wall Street estimates for third-quarter adjusted profit on Thursday, as stronger commodity prices and cost-cutting measures helped offset a decline in its output.Benchmark Brent crude LCOc1 averaged about $89…
Fugro has secured a multiyear framework agreement with Germany's Federal Maritime and Hydrographic Agency (BSH) to conduct geotechnical site investigations in the German North Sea, supporting the development of future offshore wind farms.The program is scheduled to begin in mid-March 2027…
Aker Solutions has received a letter of award (LOA) from PTSC Mechanical and Construction (PTSC M&C) for detailed engineering work on the redevelopment of QatarEnergy's Maydan Mahzam oil field offshore Qatar.The scope covers detailed design services for several offshore installations…
Equinor has opened a marine robotics test center at the Kårstø processing plant in Norway to develop and qualify underwater robots, autonomous vessels and other technologies aimed at improving offshore operations.The K-lab Marine Robotics Centre (KNARR)…
Norway's Equinor shut production at its Visund oil and gas platform on Wednesday due to a fire in an electrical system, a company spokesperson said in an emailed statement, adding that the flames had been put out.Between 70-80 people of the…
The Sirius offshore gas project in the Colombian Caribbean, jointly run by Colombia's state oil firm Ecopetrol and its Brazilian counterpart Petrobras, is now due to start operations in 2031 rather than the previous 2030 start date due to consultation 'challenges'…
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…
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 has sold a 5% stake in Norwegian oil and gas producer Aker BP for approximately $1.06 billion (NOK 9.83 billion), reducing its ownership from 15.9% to around 10.9% as it moves to strengthen its balance sheet.The company said proceeds from the sale would be used to strengthen its balance sheet…
The tribunal of Brazil's antitrust agency (CADE) has approved the merger of Italian oilfield services company Saipem and Norway's Subsea7, Saipem said on Wednesday.Brazil's green light is an important step towards the completion of the deal…
New Fortress Energy (NFE) has agreed to lease 10 mobile turbines capable of generating up to 300 MW of power to a US-based company for an initial five-year period, while confirming that its FLNG 1 liquefier remains on track to return to service in the fourth quarter of 2026…
BOURBON has taken delivery of the first of two new 34-meter crew boats from Grandweld Shipyards in Dubai, expanding its fleet of offshore personnel transport vessels.The first vessel was officially delivered on November 3 following successful sea trials…
Aventa has added Aberdeen-based Offshore Projects Alliance (OPA) to its group, expanding its offshore personnel and subsea cable installation crewing services for offshore wind and subsea cable projects.OPA, founded in 2017, provides specialist personnel covering subsea cable route preparation…
BP has identified hydrocarbons in an exploration well at the deepwater Tupinambá block in Brazil's Santos Basin, where Shell's 50% working interest remains subject to regulatory approval.The company informed Brazil's National Agency for Petroleum…
BP has appointed former Shell executive Emma Lewis as Executive Vice President, Downstream, effective January 4, 2027, when she will also join the company's leadership team.In her new role, Lewis will oversee BP's Downstream segment, which includes refining…