Norway's Aker BP posted record first-quarter operating profit and revenue on higher prices and production on Wednesday as the independent oil and gas producer looks to approve several developments this year.Earnings before interests and tax…
Italian energy service group Saipem said it was unable to update its outlook for the year due to uncertainty over a project in Mozambique as it missed first-quarter expectations.Earlier this week French energy group Total declared force majeure…
The deepwater market is rapidly returning to pre-COVID-19 activity levels, and the recovery appears to be gaining strength, according to a recent in-depth analysis completed by International Maritime Associates (IMA) and World Energy Reports (WER)…
Brazil's Petrobras produced 2.196 million barrels of oil a day in the first quarter, the state-run company said on Tuesday, an increase from the fourth quarter, but a decline in yearly terms.Petroleo Brasileiro SA, as the company is formally known…
The U.S. Coast Guard is working with the Seacor Power's owner to salvage the lift boat that capsized earlier this month in the Gulf of Mexico.A unified command including representatives from the Coast Guard and Houston-based Seacor Marine engaged in-person for the salvage and wreck removal…
Offshore wind developer Ørsted has appointed David Ortiz as head of market affairs for New England, responsible for leading the development of the company’s overall market strategy and overseeing its execution across the region.Ortiz joins Ørsted…
Wintershall Dea posted a jump in first-quarter financial results thanks to record production and recovering oil and gas prices, the German-Russian producer said on Tuesday.Its earnings before interest, tax, depreciation, amortization, and exploration expenses (EBITDAX)…
Italian supermajor Eni said it has commenced gas production from the deepwater Merakes project, located in the East Sepinggan block in the Makassar Strait, offshore East Kalimantan, Indonesia.The development sits in approximately 1,500 meters water depth in the Kutei Basin…
TechnipFMC said it received a notice to proceed for a subsea production system contract from Australian gas producer Santos for the Barossa field development project, located 300 kilometers north of Darwin.The contract scope covers the supply of subsea trees and associated control systems…
The transition from a fossil-fuel dominated energy system to one with zero emissions would require trillions of dollars of investment in new production, distribution and consumption equipment worldwide.New investments could support millions of new jobs in construction and manufacturing…
Offshore drilling contractor Seadrill said it has secured a four-year firm contract with four one year options for the West Saturn drillship with Equinor Brasil Energia Ltda for work on the Bacalhau field in Brazil.Total value for the firm portion of the contract…
Classification society ABS has published guidance on the application of additive manufacturing (AM) in the marine and offshore industries.The ABS Guide for Additive Manufacturing focuses on two main categories of metal AM processes: Powder Bed Fusion and Directed Energy Deposition…
U.S. oil major ExxonMobil said on Tuesday it made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana.Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently…
BP's profit more than tripled to $2.6 billion in the first quarter thanks to stronger oil prices and bumper revenue from natural gas trading, paving the way for the energy company to start buying back its shares.The jump in profits from a year…
France has shortlisted Swedish utility Vattenfall and its two partners to bid in a tender to develop an offshore wind farm with a capacity of about 1 gigawatt (GW) off Normandy, the company said on Tuesday.Vattenfall and its partners - German…
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