Schlumberger beat expectations with a rise in fourth-quarter profit on Friday as higher crude and natural gas prices drove demand for the world's largest oilfield services company.Oil prices surged about 50% last year and are trading at seven…
Eni and HitecVision-backed Point Resources Holding, owning respectively of 69.85% and 30.15% of the Norwegian oil and gas company Vår Energi AS, said Monday they planned to launch an initial public offering for Vår Energi and for the company to apply for a listing on Oslo Børs (the “IPO”)…
Australian oil and gas company Carnarvon Energy said Monday its closely watched Buffalo-10 well in Timor Sea had failed to unearth commercial volumes of oil.The company said that the wireline logging operations have been completed with the oil column deemed to be residual and uncommercial…
Oslo-listed FPSO owner BW Offshore has agreed to sell the FPSO BW Joko Tole to PT Bahari Inti Tanker and PT Cahaya Haluan Pasifik, both of which are Indonesian companies, in consortium with PT Buana Lintas Lautan Tbk, a company publicly listed in Indonesia…
Danish offshore and onshore wind turbine maker Vestas has been named the most sustainable company in the world in Corporate Knight's 2022 ranking of the world’s 100 most sustainable corporations.According to Corporate Knights, its ranking is based on a rigorous assessment of nearly 7…
Danish offshore vessel operator Maersk Supply Service has awarded Dutch geodata specialist Fugro a subsea survey and positioning contract to support the installation of an anchoring system for the Sepetiba FPSO in Petrobras deepwater Mero 2 project…
Schlumberger NV, the world's largest oilfield services company, reported a rise in fourth-quarter profit on Friday, as higher crude and natural gas prices drove up demand for its services and equipment.Oil prices surged about 50% last year and…
Offshore drilling firm Seadrill Limited's unit Seadrill New Finance (the Issuer) has emerged from chapter 11 after successfully completing its pre-packaged restructuring pursuant to its chapter 11 plan of reorganization.The Plan was confirmed…
Morgan Stanley expects Brent crude oil prices to advance to $100 a barrel in the second half of this year, with the market heading for a simultaneous 'triple deficit' of inventories, spare capacity, and investment.'The key oil products markets (gasoline…
Brazilian President Jair Bolsonaro cut short his first official visit to neighboring Guyana on Friday after his mother died, meaning talks on a planned South American energy alliance would be postponed.Bolsonaro said his mother Olinda Bonturi…
Australian gas producer Santos Ltd booked record sales revenue for 2021, pumped up by soaring oil and gas prices, and expects to reap big gains following its $6.2 billion takeover of Oil Search amid a surging energy market.After approaching Oil Search with an offer in the middle of last year…
Brazil's President Jair Bolsonaro said on Thursday that Suriname will give Brazilian state-controlled oil company Petrobras priority in the exploration of oil and gas reserves recently discovered off-shore.Bolsonaro spoke by webcast to supporters in Brazil from Paramaribo…
Norwegian ocean bottom node seismic survey specialist Magseis Fairfield on Friday said it had secured work in the North Sea and in the U.S. Gulf of Mexico.The company had in December said that it had secured the award of a 4D Ocean Bottom Node (OBN) survey in the U…
Japanese companies JERA, MODEC, Toyo Construction, and Furukawa Electric have received a notice of acceptance of their joint grant application, under the Green Innovation Fund program of NEDO, to conduct a project to develop cost-reducing technology…
Germany could find itself in a no-win situation if Russia invades Ukraine, pitting Berlin's main gas supplier against its most important security allies.Chancellor Olaf Scholz would face pressure from the United States and other Western allies…
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