Equinor posted a bigger than expected drop in third-quarter profit on Wednesday as oil and gas prices fell, and booked asset impairments on a weaker long-term outlook for crude prices.The Norwegian energy group's adjusted earnings before tax for July-September fell 9…
Oil company PRIO has signed an agreement with Shape Digital, a developer of AI-driven solutions, for the deployment of Shape Lighthouse, an asset management platform designed to enhance operational reliability, reduce maintenance costs, and maximize production…
Norwegian offshore connectivity services provider Tampnet has partnered with Quvia, an AI-powered Quality of Experience (QoE) platform, to enhance real-time network performance and reliability across offshore operations.The collaboration integrates Quvia’s software into Tampnet’s offshore network…
Malaysian oil-services company Vantris Energy, formerly Sapura Energy, has through its joint venture company Rawabi Sapura (Rawabi JV) secured a seven-year contract to provide diving support services for Aramco in Saudi Arabia, starting from 2027…
U.S. oilfield services provider Halliburton has secured multiple contracts from Petrobras to provide completion and stimulation services for its deepwater fields offshore Brazil.The contracts entail vessel stimulation, intelligent completions…
Oil and gas company Sintana Energy has agreed to acquire Challenger Energy, which holds interest in two blocks offshore Uruguay as well as other assets in broader region.The all-share transaction, valued at about $60 million, will create a combined…
SLB, a global energy technology company, and SBM Offshore, a Floating Production Storage and Offloading (FPSO) solutions specialist, have signed an agreement to enter into an exclusive digital alliance to optimize the performance of offshore production systems…
Serica Energy has agreed to acquire Prax Upstream, expanding its portfolio of U.K. North Sea oil and gas assets and boosting its reserves, resources and production base.Serica Energy signed a sale and purchase agreement to acquire 100% of the…
Ocean services provider DeepOcean has been awarded a SIMOPRO – simultaneous marine operation and production – installation contract by Equinor on the Norwegian continental shelf.DeepOcean’s scope of work entails SIMOPRO installation work on both the Åsgård and Visund fields…
French energy giant TotalEnergies has expanded its partnership with Cognite to scale the deployment of the industrial AI company’s data platform across all of its operated upstream assets worldwide over the period of three years.The collaboration…
Seatrium has divested its AmFELS Yard located at Brownsville in Texas, in the United States, for a consideration of $50.7 million (S$65 million).The accretive divestment will allow Seatrium to enhance capital and operational efficiencies, while unlocking value from one of its surplus facilities…
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…
Intermoor, Acteon’s Moorings and Anchors business line, and Jumbo Offshore, an offshore transportation and installation specialist, have entered into strategic alliance aimed at jointly delivering fully integrated project management, engineering…
Oilfield services provider Petrofac has secured a contract extension from ONEgas West, a Shell UK-operated venture, for asset support services in the U.K.’s Southern North Sea.The contract scope provides services across ONEgas West’s Southern North Sea portfolio…
Subsea software-as-a-service provider Elementz Digital has announced a new accelerator program for subsea AI development.The program is backed by Elementz Digital’s strategic advisory board which was formed in May this year and includes representatives…
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