Mexican state oil company Pemex reported a loss of 125.5 billion pesos ($6.4 billion) for the fourth quarter on Wednesday, narrowing its loss from the same period in 2017, as the firm's finances face renewed scrutiny following a credit downgrade last month…
Rates for hiring offshore rigs to drill in ultra deepwaters such as the U.S. Gulf of Mexico could double over the next couple of years as the market recovers, the head of the world's largest offshore driller by market capitalisation said on Wednesday…
Golar LNG Limited announced Tuesday that its newly incorporated subsidiary Gimi MS Corporation has entered into a 20-year Lease and Operate Agreement (LOA) with BP for the charter of a floating liquefied natural gas (FLNG) unit, Gimi, to service…
Seadrill's core earnings for the fourth quarter exceeded the company's own guidance, boosted by lower costs and one-off items, while the market outlook for drilling rigs was improving, the Oslo and New York-listed firm said on Tuesday.The company…
Dutch deep-sea prospector Fugro reported on Monday a 19.2 percent rise in full-year 2018 revenue to 1.65 billion euros ($1.87 billion), helped by growth across all divisions.The company met its 2018 revenue and EBIT (earnings before interest and tax) margin targets…
Headcounts in the upstream oil and gas industry have dropped significantly since the downturn started in 2014, but NES Global Talent sees promise of recovery ahead.“We have seen a number of projects which have been in the pipeline for quite…
Shell plans to enter Britain’s offshore wind market by acquiring seabed leases or taking stakes in existing projects, despite the country's impending departure from the European Union, the head of the company's New Energies division said.Oil…
A board of directors appointed this month by Venezuela's opposition-controlled congress to run state-owned oil firm PDVSA's U.S. unit Citgo Petroleum on Thursday was arranging its first meeting at the company's headquarters, according with two people familiar with the matter…
UK and Netherlands-based subsea provider N-Sea said it has been awarded two multimillion dollar contracts for a pair of unnamed operators in the North Sea.Managed and supported by N-Sea’s Aberdeen base, the first is a three-year contract, awarded by an international operator…
Private equity firm HitecVision is seeking to sell its British North Sea oil and gas production unit Verus Petroleum, which last year completed a string of large acquisitions ramping up its output, industry and banking sources said.The sale…
Brazil's National Petroleum, Natural Gas and Biofuels Agency (ANP) foresees by the end of March the signing of an agreement with Petrobras to end the controversy involving the unification of the areas within the Parque das Baleias, in the north Campos Basin…
French energy major Total is partnering with Denmark's Orsted and renewable energy producer Elicio to submit a joint bid for the 600 megawatt capacity Dunkirk offshore wind project in France, the company said on Monday.The bid is the oil and…
The worldwide oil and gas industry is “resilient, confident and ready to spend” but is at risk of reverting to overspending, just as an increase in large-project approvals loom.That’s the gist of a new report from Oslo-based, all-in-one classification society…
Services company Sonomatic announced it plans to expand radiography capacity within its base at The Core, Bridge of Don, bringing the total number of bays available to five.Sonomatic, a provider of advanced and conventional NDT inspections, engineering…
Italian oil company Eni beat expectations with a 55 percent jump in fourth quarter profit as higher prices, mainly gas, offset a dip in production.Adjusted net profit was 1.459 billion euros ($1.65 billion), above an analyst consensus forecast provided by the company of 1…
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