Brazilian President Jair Bolsonaro reiterated on Monday that he would like to privatize state-run oil company Petroleo Brasileiro SA, saying his ideal plan would be to carve it up rather than selling it to one buyer.Grappling with the political fallout from rising fuel prices…
CNOOC Ltd's unaudited third-quarter revenue grew 64% to 59.7 billion yuan ($9.33 billion) on higher prices and output, the Chinese offshore oil and gas major said on Thursday.The state oil firm said it is mapping out an emissions-cutting roadmap…
BP added more than a billion dollars to its share buyback program on Tuesday as it likened itself to a 'cash machine' benefiting from higher oil and gas prices and a strong trading performance in the third quarter.Natural gas and power prices…
Global oil major ExxonMobil Corp is looking at buying a stake in some of the local deepwater fields of Indian explorer Oil and Natural Gas Corp, oil secretary Tarun Kapoor said on Friday.India, the world's third-biggest oil importer, and consumer…
Oil and gas producer Wintershall Dea's most closely watched measure of earnings more than doubled in the third quarter, it said on Tuesday, benefiting from soaring oil and gas prices and spending cuts.The company, owned jointly by BASF and Russia's LetterOne…
Swedish independent oil firm Lundin Energy will raise its dividend for 2021 by 25% after its third-quarter operating profit almost tripled from a year ago, the company said on Friday.Lundin's earnings before interest and tax (EBIT) for July-September rose to $1…
TotalEnergies' earnings rose sharply in third quarter, the French energy group said on Thursday, as it reaped the rewards of surging power prices and predicted gas prices would remain high in Europe and Asia though next spring.The company's third-quarter adjusted net profit soared to $4…
Romanian state-owned gas producer Romgaz will pay up to $1.07 billion to Exxon Mobil for its 50% stake in a Black Sea offshore gas project, the company said.The other half of the long-delayed Neptun Deep offshore project is owned by Romanian OMV Petrom…
Exxon Mobil on Friday pledged to revive a share repurchase program next year as its earnings outlook improved on quarterly results that topped analysts' estimates.The largest U.S. oil producer posted an adjusted profit of $1.58 a share, beating the Refinitiv estimate by two cents…
Around 30 production floater contracts are now queued up for award over the next 18 months, assuming no major market disruption occurs and the supply chain can absorb the orders within this time frame. That’s the conclusion of an in-depth market analysis just completed by IMA/WER…
Offshore construction and installation firm McDermott has said it has recently completed its first delivery of two bridges and a flare for TotalEnergies' Tyra redevelopment project offshore Denmark.The work package for the Tyra Redevelopment is executed from McDermott's fabrication yard in Batam…
Shell Midstream Partners said on Friday that its offshore and onshore crude and product systems will mainly drive its cash delivery.Deepwater projects in the Gulf of Mexico including Vito and PowerNap will flow into the company's systems and not only replenish…
Britain will launch a 160 million pound ($220 million) fund to help developers of floating offshore wind technology as part of efforts to ramp up renewable power and meet climate targets, the government said on Friday.The announcement comes…
Oslo-listed oil and gas company BW Energy has agreed to buy the semi-submersible drilling rig 'Leo', from Aquadrill, a Seadrill affiliate, to use as a production unit for offshore field development in Namibia.Leo (ex-West Leo) is a 6th generation…
ADC Energy, an Aberdeen-based offshore rig inspection firm, has announced the completion of a trial with 'a major rig owner' that found that an upgrade to Dynamically Positioned (DP) rigs power systems can reduce carbon emissions by nearly 5…
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