ExxonMobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins.Its adjusted profit was $7.39 billion or $1.67 per share, beating analyst estimates of $1…
Wall Street expects U.S. oil and gas companies to keep a lid on spending in 2025 and keep their focus on generating shareholder returns, despite calls by President Donald Trump to 'drill, baby, drill.'Big Oil begins reporting fourth-quarter results this week…
Strohm has launched TCP Designer, its new web-based tool developed to help companies design and engineer thermoplastic composite pipes for their projects.TCP Designer helps users ensure their piping systems meet critical requirements for water depth…
Cathodic protection and AC mitigation solutions supplier MATCOR, a BrandSafway company, has relaunched its patented Iron Gopher linear anode for horizontal directional drilling (HDD) projects, with a reduced price.The price reduction is the result of MATCOR's move to in-house production…
TotalEnergies' $20 billion Mozambique LNG project will not be operational by 2029 as hoped, the French oil major said on Wednesday, citing the need to end force majeure and ensure security at the project site.TotalEnergies had previously said…
Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring down its cost during his address at the World Economic Forum.Uncertainty over how Trump's proposed tariffs and energy policies would affect global economic growth and energy demand also weighed on prices…
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production at Dongfang 29-1 gas project in the Yinggehai Basin, offshore China.The main production facilities at the project include a new unmanned wellhead platform and a subsea pipeline…
Santos has effectively stalled plans for a Western Australian oil and gas project worth over A$3 billion ($1.87 billion), sending minority partner Carnarvon Energy's, shares tumbling on Tuesday.Carnarvon's shares closed about 23% lower, ending…
Traders diverted at least six cargoes of liquefied natural gas that were on course for Asia to Europe earlier this month, drawn by higher European prices and amid weak Asian demand, according to analysts and shipping data.The diverted cargoes…
Italian offshore services provider Next Geosolutions (NextGeo) has acquired a geophysical survey vessel from Dutch company SeaMar Subsea for $21.5 million.The Deep Helder vessel will be renamed NG Surveyor, and will be used for geophysical, geotechnical…
Allseas has commissioned MacArtney to replace existing hydraulic launch and recovery systems (LARS) with the all-electric eLARS on three vessels.The scope comprises three over-the-side 150 kN all-electric A-frames, including docking head and AHC winch…
Russian Foreign Minister Sergei Lavrov said on Tuesday that the potential bankruptcy or sale of the operator of the completed but never launched Nord Stream 2 gas pipeline would amount to 'theft'.Lavrov, speaking at a news conference in Moscow…
High-tech offshore wind services provider Beam has bought Quantum EV remotely operated vehicle (ROV) from SMD, setting out plans to equip it with an artificial intelligence (AI)-driven system to improve its operational scope and offshore wind farm servicing…
Senegal's Sangomar offshore oil and gas field raised its output of crude to 16.9 million barrels in 2024, exceeding its initial target of 11.7 million, the West African country's energy ministry said on Tuesday.Discovered 10 years ago about 100 km (62 miles) south of the capital Dakar…
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