Brazil's state-controlled oil company Petrobras said on Wednesday it has entered the binding phase for the sale of its stakes in the Urugua and Tambau fields in the Santos basin.The two fields belong to the BS-500 concession and are located in the north of the Santos Basin…
Chevron Corp on Friday posted its highest quarterly profit in eight years on surging oil and gas prices and as a recovery in motor fuel demand that boosted refining margins.The strong results came a day after top executives from major oil companies were grilled by U…
Evac Group, a company specializing in integrated water and waste management systems, as well as corrosion-protection systems, has named Björn Ullbro as President, Marine & Offshore business area at Evac Group. Ullbro joins Evac from Wärtsilä…
Ayman Asfari, until recently CEO of oilfield services firm Petrofac, has with his partners, formed Venterra, a company focused on offshore wind industry services. In a statement on Thursday, Venterra said its plan was to create a global services…
Seismic data firm TGS and oilfield services giant Schlumberger have teamed up in a 3D seismic survey project in the Red Sea, Egypt.TGS said Friday the project would cover around 6,800 square kilometers and would be acquired with long offsets…
Serica Energy's Columbus field in the UK North Sea will see its first production start-up delayed due to restricted capacity at Shell's Shearwater platform.The Columbus field development plan, approved in 2018, envisions the reservoir will be…
Swedish independent oil firm Lundin Energy will raise its dividend for 2021 by 25% after its third-quarter operating profit almost tripled from a year ago, the company said on Friday.Lundin's earnings before interest and tax (EBIT) for July-September rose to $1…
Italian energy group Eni on Friday beat expectations with a third-quarter profit that jumped back to pre-COVID levels boosted by higher gas prices.The group swung to an adjusted net profit of 1.43 billion euros ($1.67 billion) from a 153 million euro loss a year earlier and beat a 1…
Norwegian offshore vessel operator Solstad Offshore has won a contract for its construction support vessel Normand Samson.The CSV Normand Samson was chartered by a major oil service firm for a minimum of 350 days, with the possibility to extend for an additional 150 days…
Chinese offshore wind turbine maker MingYang has secured an order to supply its 11MW offshore wind turbine for a floating wind project in Europe.The company said Friday the order was related to an offshore floating wind power pilot project in…
Austrian oil and gas company OMV has agreed to sell its 25% stake in the Wisting offshore oil field in the Barents Sea off Norway, to the Swedish oil firm Lundin Energy for $320 million. OMV, which discovered the oil field in 2013, said it was focusing increasingly on low-carbon projects…
Chariot, a company looking to develop the Anchois offshore gas discovery in Morocco, has found a buyer for the field's gas as well as a partner.The company said Thursday it had signed a Memorandum of Understanding ('MOU') with an unnamed 'leading international energy group…
Norway's Aker BP said on Thursday it would increase its dividend payout as third-quarter profits soared on the back of strong oil and gas prices.Earnings before interest and tax (EBIT) for July-September rose to $849 million from $242 million a year ago…
Orcadian Energy, a UK North Sea-focused oil and gas development company previously known as Pharis Energy, has said it has received three expressions of interest for the provision of an FPSO for its Pilot field development.The company engaged…
Weak quarterly results and mixed 2022 guidance overshadowed a new business plan from Saipem on Thursday, sending shares in the Italian energy services group down more than 8%.In his first strategy plan, Chief Executive Francesco Caio said Saipem…
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