Italy’s Eni has announced its Geliga-1 gas discovery offshore Indonesia delivered strong test results, supporting plans for accelerated development in the Kutei Basin.The company said a drill stem test at the Geliga-1 well flowed at rates of up to 60 million standard cubic feet per day of gas…
Dutch floating production specialist SBM Offshore raised its 2026 revenue guidance on Thursday after first-quarter directional revenue more than tripled, driven mainly by its turnkey business and the sale of One Guyana.The company sold One Guyana…
Europe's offshore wind expansion is running into a structural supply constraint where the turbine market is becoming increasingly concentrated. GE Vernova, Siemens Gamesa and Vestas have historically anchored Western offshore turbine supply…
Perenco has completed a five-well drilling campaign at Tchibouela East field offshore the Republic of Congo, resulting in an additional 6,000 barrels of oil per day of production.The campaign, which concluded at the end of 2025, included horizontal…
Exxon Mobil is using artificial intelligence and new technology to interpret seismic data from Guyana in days rather than months, John Ardill, the company's vice president of exploration, said on Tuesday.High‑performance computing and AI‑driven algorithms have accelerated seismic imaging…
Danish offshore wind developer Orsted on Wednesday reported a first-quarter core profit above forecasts, driven by an increase in power output and kept its full-year outlook for the year.Orsted in recent years struggled with soaring costs from…
Subsea7 has been awarded a substantial engineering, procurement, construction and installation (EPCI) contract by ExxonMobil for a subsea tie-back project offshore Angola.The contract, awarded to Subsea Integration Alliance, relates to the Redevelopment 2…
Tidewater Inc. has announced a revenue drop for the three months ended March 31 of $326.2 million compared with $333.4 million for the three months ended March 31, 2025.Tidewater's net income for the three months ended March 31, 2026, was $6…
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…
Amplitude Energy has awarded a contract to JDR Cable Systems to supply subsea control umbilicals for its East Coast Supply Project offshore Victoria, aimed at supporting gas delivery to southeastern Australia.JDR will supply about 18 km of hydraulic control umbilicals…
Wage talks between Norwegian oil firms and labour unions broke down on Wednesday and will switch to state-led mediation in a bid to prevent strike action by workers, industry group Offshore Norge said.If Norway's government-appointed mediator…
China's CNOOC posted a 7.1% rise in first-quarter net profit on Tuesday as the Iran war pushed up global oil prices and the offshore oil and gas major increased its production.Net income for the January-to-March period was 39.14 billion yuan ($5…
Top oilfield services companies SLB and Baker Hughes said on Friday they expect higher spending on oil exploration and production, as tighter global supplies driven by the Middle East conflict highlight the need for investment, particularly in North America…
Continued idling of assets should the conflict persist would see wider MODU market tightening as drillers and NOCs manage capacity.The impact of the war in the Middle East on the offshore energy sector has so far received less attention than…
Oilfield services provider Baker Hughes beat Wall Street estimates for first-quarter profit, as strong demand in its industrial and energy technology unit offset drilling weakness caused by disruptions in the Middle East.A surge in electricity demand from data centers…
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