French energy major Total said its net adjusted profit rose 10 percent in the final quarter of 2018, lifting its full year earnings by more than a quarter after record oil and gas production.Total said on Thursday that output reached an all-time high of 2…
Norway's oil and gas firm Equinor plans to drill a record five exploration wells off Britain, including four-operated wells, the company said on Thursday.The campaign includes a well to appraise Equinor's Verbier discovery, currently estimated…
Offshore wind service provider LOC Renewables, a part of LOC Group, a leading international marine and engineering consulting firm, has successfully overseen the launch of France’s first offshore wind project.LOC Renewables supplied marine warranty surveying services (MWS) across the project…
London-based Seadrill has formed a new joint venture (JV) with Angolan oil company Sonangol to operate drillships.The deepwater drilling contractor that provides worldwide drilling services to the petroleum industry said in a press release that…
The Norwegian seismic JV between GC Rieber and Rasmussengruppen GeoServices has won four Ocean Bottom Seismic (OBS) contracts by Aker BP and Equinor in Norway.Marine seismic specialist said in a press release that the contracts will fill backlog…
Wood and KBR,Inc. have secured a new multimillion dollar contract to deliver integrated front-end engineering design (FEED) for Shell Australia’s Crux project to build a not normally manned (NNM) platform and gas export pipeline located approximately 600km north of Broome…
ExxonMobil and its partners have made two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the total number of discoveries on the Stabroek Block to 12, the U.S. supermajor announced Wednesday. The discoveries…
Following “big consolidation activity” within the subsea industry in 2016 and 2017, slowed merger and acquisition action in 2018 has created challenges for the sector, according to Mike Beveridge, managing director at energy investment banking firm Simmons Energy…
Brazil's state-run oil company Petroleo Brasileiro SA may reconsider its dividend policy, Chief Executive Officer Roberto Castello Branco told Brazilian newspaper Valor on Wednesday.In an interview with the paper, Castello Branco said he may cancel quarterly dividends payments…
Controls technology company Proserv announced Wednesday it has sold its Coatbridge, Scotland based speciality machining business formerly known as KRG Industries to UK-based private investment firm GIL Investments (GIL). The exact terms of the deal are undisclosed…
Independent global completions service company Tendeka has appointed Nizami Musayev as a new Area Manager in Russia as the company aims to grow its presence in the region.He will be responsible for introducing Tendeka’s existing portfolio and new technology such as Cascade3…
API reports increase in U.S. crude stocks; Venezuela sanctions yet to spark rally but still supportive.Oil fell below $62 a barrel on Wednesday after a report showed a rise in U.S. crude inventories, countering expectations of a tightening market in 2019 because of OPEC-led supply cuts and U…
Increase Access to All Offshore Energy Sources for American Energy Greatness.National Ocean Industries Association (NOIA) President Randall Luthi issued this statement following President Trump’s State of the Union address:“In his second State of the Union address…
TechnipFMC has been awarded by Petrobras, on behalf of the Libra Consortium, comprised of Petrobras, Shell, Total, CNOOC Limited, CNPC and Pré-Sal Petróleo (PPSA), an engineering, procurement, construction and installation (EPCI) contract for the Mero 1 pre-salt field…
Norwegian oil company Aker BP posted a smaller-than-expected increase in fourth-quarter earnings due to higher production costs and lower oil prices, but raised its dividend.The company said on Wednesday earnings before interest and taxes rose…
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