SBM Offshore announces that FPSO Alexandre de Gusmão is formally on hire as of May 24, 2025 after achieving first oil and the completion of a 72-hour continuous production test leading to final acceptance.As part of the Mero-4 project, the FPSO will be connected to 12 wells…
Danish offshore wind installation firm Cadeler has agreed acquire the Boqiang 3060, a newly-constructed jack-up wind turbine installation vessel (WTIV), from Shanghai Boqiang Heavy Industry Group.The acquisition will enhance Cadeler’s capacity…
Shell, the top U.S. offshore producer, said this week that two of its wells to boost production at the Perdido offshore development were delayed to the end of the year, while one was brought online in March.All three wells, part of Perdido's Great White unit…
Norway's Equinor and Poland's Polenergia made a final investment decision for the project to build two wind farms off the Polish coast of the Baltic Sea, the Warsaw-based company said on Monday.The two farms, each with a generation capacity of 720 megawatts are set to cost a total of about 6…
YACHT SIGNS YACHT SIGNSAt Yacht Signs, we excel in creating stunning illuminated yacht names and logos, durable stainless steel yacht lettering, and cutting-edge LED and fiber optic solutions. Our comprehensive services…
ADNOC Drilling, the subsidiary of Abu Dhabi's state oil giant, reported a 24% rise in first-quarter profit on Thursday, driven by strong growth in its oilfield services segment.ADNOC Drilling's net profit rose to $341 million in the quarter ended March…
The U.S. Gulf of Mexico can continue growing oil output even amid geopolitical volatility not seen in decades, oil and gas industry leaders said on Monday.U.S. President Donald Trump's global tariff announcements have since last month contributed…
Norwegian geophysical services company Electromagnetic Geoservices (EMGS) has established a new business platform within the offshore subsea construction market, having entered into a set of agreements for the acquisition of Siem Day offshore subsea construction vessel (OSCV)…
Shell on Friday reported a 28% drop in first-quarter net profit to $5.58 billion, beating analyst expectations, and kept the pace of its share buyback programme steady amid falling oil prices and lower refining margins than last year.It said it would buy back $3…
Chevron on Friday reported first-quarter earnings that met Wall Street estimates, but said it would spend less on share repurchases in the current quarter, reflecting the shaky economic outlook faced by Big Oil.The company's share repurchases this year could be between $11…
Noble Corporation’s recent decision to sell the Pacific Meltem and Pacific Scirocco for non-drilling purposes highlights a key issue in the drillship market: What happens to cold-stacked rigs that are unlikely to return to work? With the floater…
China's privately controlled ENN Natural Gas and state-run Zhenhua Oil have each signed a term deal to buy liquefied natural gas from Abu Dhabi National Oil Company (ADNOC).ENN Natural Gas said on its official WeChat account on Saturday that…
Shell plans to complete a marine survey at Venezuela's offshore Dragon gas field before a U.S.-set May deadline to wind down all licenses related to energy projects in the country, sources close to the preparations said.Colombia-flagged survey vessel Dona Jose II arrived in U…
Chevron has started oil and natural gas production from the Ballymore subsea tieback project in the deepwater Gulf of America.Ballymore, the latest in a series of Chevron projects to start up in the past year, represents another step towards the company’s goal to produce 300…
Shares of Australia's Woodside Energy were up nearly 4% on Wednesday after the gas producer posted first-quarter revenue above estimates.Perth-based Woodside reported revenue of $3.32 billion for the quarter ended March 31, beating a Visible Alpha consensus estimate of $2…
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