Chevron on Friday reported first-quarter earnings that met Wall Street estimates, but said it would spend less on share repurchases in the current quarter, reflecting the shaky economic outlook faced by Big Oil.The company's share repurchases this year could be between $11…
Oilfield services firm Archer has signed a five-year contract with Repsol Resources UK for platform drilling services, facilities engineering, coil tubing, wireline services, and downhole well service technologies.The agreement also includes a two-year optional extension…
Chinese offshore oil and gas major CNOOC first-quarter net profit fell 7.9%, weighed down by weaker oil prices, though higher output helped stem the decline.Net income for January-March was 36.56 billion yuan ($5.03 billion), versus 39.7 billion yuan in the same period last year…
MODEC has executed a contract with Sumitomo Heavy Industries for the delivery of Gato do Mato floating production, storage and offloading (FPSO) unit for Shell, which will be deployed offshore Brazil.MODEC and Sumitomo Heavy Industries signed…
Top oilfield services provider SLB missed estimates for first-quarter profit on Friday, as weaker Latin American demand dragged on its international business, and the company warned of a potential industry-wide shift due to economic uncertainty…
Cerulean Winds, the lead developer of the Aspen, Beech and Cedar floating offshore wind farms, has completed Digital Aerial Surveys (DAS) for the projects planned to be built in the Central North Sea.The ecological data has been collected across an area of 2…
Italian energy contractor Saipem said on Wednesday its first-quarter core earnings jumped 31% year on year driven by the group's offshore engineering and construction activities.Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 351 million euros ($398…
DNV has completed the technology qualification (TQ) of Subtera’s passive terahertz sensor technology designed to detect corrosion under insulation (CUI) and the trapped moisture that causes it, a pervasive challenge in industrial plants.CUI…
Oslo-listed oil and gas firm Vaar Energi on Wednesday reported a lower-than-expected operating profit for the first quarter, but said it would maintain its dividend level as it prepares for a sharp rise in output in coming months.Vaar's earnings…
French tubular solutions supplier Vallourec has secured a contract with Allseas to supply line pipes for Búzios 10 offshore project located at the Búzios field, operated by Petrobras.The contract represents nearly 18,000 tons of subsea seamless premium carbon steel line pipes…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought on stream Wenchang 9-7 oil field development in the western Pearl River Mouth Basin in South China Sea.The main production facility is a new drilling and production platform…
From June 18-20, 2025, the Japan Energy Summit & Exhibition will return to Tokyo Big Sight, convening global energy leaders, influential policymakers, and industry executives to advance Japan’s energy transition, investment landscape, and strategic role in the global energy system…
Sercel has launched the WiNG DFU-3C, a three-component version of its field-proven WiNG land seismic nodal solution. The WiNG DFU-3C supports a growing need for high-end seismic applications for the energy and mineral E&P sectors.The new integrated…
Global technology company SLB announced a partnership with Shell to deploy Petrel subsurface software across its assets worldwide. The adoption of Petrel software is designed to increase digital capabilities and drive operating cost efficiencies…
VARD signed a contract with Taiwan's Dong Fang Offshore for the design and construction of one Offshore Subsea Construction Vessel, with option(s). The vessel is of VARD 3 39 design, and the value of the contract is $125 million. This is the third vessel VARD is building for DFO…
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