Chevron Corp on Friday reported its second-highest ever quarterly profit, blasting past analysts' estimates, driven by soaring global demand for its oil and gas and rising production from its U.S. oilfields.The surge comes as oil companies…
Norway-based GC Rieber Shipping has ordered two WindKeeper Service Operation Vessels for offshore wind operations from the Cemre shipyard in Turkey. The order includes options for two further vessels. The first vessel will be delivered in Q1 2025…
British Gas owner Centrica has reopened its Rough gas storage site off England's east coast at about 20% of its previous capacity, enough to heat 1 million homes for 100 days this winter, the company said on Friday.Countries across Europe have…
Oilfield firm Baker Hughes on Thursday said it would increase its quarterly dividend by 5.5% to 19 cents per share and that its board had authorized an additional $2 billion in share repurchases. The increases underscore an ongoing focus by…
Offshore drilling company Dolphin Drilling on Thursday announced public trading on Euronext Growth, after a recent private placement and share issue with total gross proceeds of $45 million. “Dolphin Drilling has attractive assets, a strong…
Italian energy group Eni said profits in the third quarter beat expectations thanks to a strong performance from its Global Gas and LNG portfolio division (GGP). Adjusted net profit in the period came in at 3.73 billion euros ($3.72 billion)…
Barcelona-based floating wind technology developer X1 Wind said Friday its floating platform had been successfully installed at the PLOCAN test site in the Canary Islands.'As summer trade-winds abated, a suitable weather window allowed X1 Wind…
Offshore drilling company Transocean said Thursday that its Deepwater Atlas, the world's first 8th generation drillship, had started its first contract.The offshore drilling rig, delivered by Singapore's Sembcorp Marine in June, is under a contract with Beacon Offshore Energy in the U…
Equinor on Friday posted forecast-beating record profits for the third quarter driven by all-time-high European gas prices amid the Ukraine war, and said it would raise its dividend payment while reducing full-year output guidance.The oil and…
Crowley signed an agreement on Thursday with the Port of Humboldt Bay to exclusively negotiate to be the developer and operator of a terminal to serve as California’s first hub for offshore wind energy installations. Through Crowley’s Wind Services group…
Wintershall Dea has extended the contract for Eidesvik Offshore's the platform supply vessel “Viking Princess” from January 2023. This will be in direct continuation of the current contract, extending the firm period to July 2023. According to the Norwegian shipowner…
Shipbuilder VARD said Thursday that its first hull for a Commissioning Service Operations Vessel (CSOV) arrived at Vard Søviknes in Norway. The hull of the vessel, which will be used to support offshore wind operations, was launched at Vard…
Israeli and Lebanese leaders finalised a U.S-brokered maritime demarcation on Thursday, bringing a measure of accommodation between the enemy states as they eye offshore energy exploration.Leaders from Lebanon, Israel and the United States have…
Denmark's Ørsted and Norway's Equinor have signed a contract under which Equinor will supply Norwegian gas to Denmark via Baltic Pipe. The agreement covers the period from January 1, 2023 to April 1, 2024, and the total volumes of gas supplied during the period will be around 8 TWh…
CNOOC Ltd's third-quarter net profit soared by 89% from a year earlier to 36.9 billion yuan ($5.11 billion), driven by stronger oil and gas prices, the Chinese offshore oil and gas major said on Thursday. Third-quarter revenue rose 54% on the year to 89…
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