Norwegian oil and gas companies have raised their projected investments for 2026 and 2027 compared with estimates made three months ago, a quarterly industry survey showed on Thursday.The Nordic country's biggest business sector now expects to invest 275 billion Norwegian crowns ($28.97 billion) in 2026, up from 266 billion seen in May, and compared to a record 273 billion crowns last year, the statistics office (SSB) survey showed…
Danish offshore wind farm developer Orsted reported on Thursday a second-quarter core profit above forecast and maintained its financial outlook for the year.Orsted expanded rapidly over the past decade, but more recently faced higher costs from supply chain disruption and inflation…
Exxon Mobil beat estimates for adjusted earnings on Friday, helped by higher output in Guyana and the Permian Basin, though unadjusted profit dropped to its lowest level in five years due to global supply disruptions from the Iran warthat the company's CEO cautioned could worsen in coming months…
Vantage Drilling International Ltd. reported a net income attributable to shareholders of approximately $67.2 million or $4.97 per diluted share for the three months ended September 30, 2025, based on the weighted average shares outstanding…
Eni celebrated the thirtieth anniversary of its listing in the US market at the New York Stock Exchange (NYSE) on November 10, attended by the Chief Executive Officer Claudio Descalzi and Eni's top management.During the event, Eni's CEO updated…
Seadrill Limited announced its third quarter 2025 results.Quarterly Highlights:Secured contract awards across five rigs, adding over $300 million to Order Backlog.West Gemini, Sonangol Libongos and Sonangol Quenguela secured an estimated 1,000 days of incremental work in Angola…
Orsted, the world's biggest offshore wind farm group, swung to a quarterly net loss of 1.70 billion Danish crowns ($265,50 million), it said on Wednesday, hit by U.S. President Donald Trump's trade policies and resistance to renewable energy…
DOF Group ASA's revenue for 3rd quarter totals USD 501 million and EBITDA totals USD 205 million. The operating profit (EBIT) is USD 138 million. Net financial cost amounts to USD -1 million, including unrealized currency gain of USD 20 million…
Oil major BP reported a smaller than expected fall in third-quarter underlying profit on Tuesday as a strong performance at all divisions led by refining helped to offset the impact of lower crude prices.However, there was no update on the closely…
India's Adani Green Energy reported a 25% increase in second-quarter profit on Tuesday, helped by robust power sales and higher capacity utilization.The company, which is seen as a bellwether for the renewable energy sector, has capitalized…
GE Vernova's profit topped third-quarter expectations on Wednesday, driven by strong equipment orders and surging U.S. power demand from data centers supporting artificial intelligence workloads.Growing power demand from AI and other data-heavy…
Shares in Orsted plunged 17% on Monday after the U.S. halted the Danish company's Revolution Wind project off Rhode Island amid President Donald Trump's pushback on renewable energy investments.Orsted, the world's biggest offshore wind farm developer…
DOF Group ASA's revenue for 2nd quarter (management reporting) totals USD 507 million (USD 361 million) and EBITDA totals USD 214 million (USD 122 million). The operating profit (EBIT) is USD 150 million (USD 111 million). Net financial gain…
Top oilfield services firm SLB narrowly beat Wall Street expectations for second-quarter profit on Friday, as resilient demand in parts of its international business helped offset drilling slowdown in North America, Mexico and Saudi Arabia.SLB…
Borr Drilling Limited (NYSE, OSE: BORR) delivered strong financial performance in the fourth quarter of 2024, reporting a net income of $26.3 million, up 171% from the previous quarter, and total operating revenues of $263.1 million, marking a 9% increase…
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