Exxon Mobil Corp on Friday smashed expectations as soaring energy prices fuelled a record-breaking quarterly profit, nearly matching that of tech giant Apple. Its $19.66 billion third-quarter net profit far exceeded recently raised Wall Street…
Singapore's Sembcorp Marine (Sembmarine) scrapped a deal to merge with Keppel Corp's offshore and marine unit and form new company, in favour of directly buying the unit for S$4.50 billion ($3.19 billion), the Temasek-backed oil rig builder said on Thursday…
Specialty chemicals company Evonik has signed a long-term power purchase agreement (PPA) for wind energy with the energy supplier EnBW. The PPA provides Evonik with 100 megawatts (MW) of electricity per year from the new 900-MW He Dreiht wind farm in the German North Sea…
Asia Pacific-focused oil and gas company Jadestone Energy has completed the acquisition of a non-operated 16.67% working interest in the Cossack, Wanaea, Lambert, and Hermes ('CWLH') oil fields development offshore Australia from BP.The fields are part of the North West Shelf Oil Project…
North Sea oil and gas producer Hurricane Energy launched a formal sale process after receiving an unsolicited offer from an unnamed bidder which its board considers too low, it said on Wednesday.Last year, Hurricane effectively gave control…
Portuguese oil and gas company Galp Energia reported a 16% increase in adjusted third-quarter profit on Monday, thanks to soaring oil prices and a near-doubling of its refining margin. Oil and gas companies around the world received a boost…
Italian energy group Eni said profits in the third quarter beat expectations thanks to a strong performance from its Global Gas and LNG portfolio division (GGP). Adjusted net profit in the period came in at 3.73 billion euros ($3.72 billion)…
Japanese floating oil and gas production systems provider MODEC has signed a contract to perform Front End Engineering and Design (FEED) for an FPSO vessel for ExxonMobil's “Uaru” oil field development project offshore Guyana.The FEED contract…
Oilfield firm Baker Hughes on Thursday said it would increase its quarterly dividend by 5.5% to 19 cents per share and that its board had authorized an additional $2 billion in share repurchases. The increases underscore an ongoing focus by…
Denmark's Ørsted and Norway's Equinor have signed a contract under which Equinor will supply Norwegian gas to Denmark via Baltic Pipe. The agreement covers the period from January 1, 2023 to April 1, 2024, and the total volumes of gas supplied during the period will be around 8 TWh…
Oil and gas producer Wintershall Dea said on Tuesday that its most closely watched measure of earnings more than doubled in the third quarter of 2022 and that it would seek to strengthen business in locations outside Russia.Wintershall Dea…
AD Ports Group's subsidiary SAFEEN has acquired a support vessel to boost the company's subsea service capabilities.Built in 2014, the vessel, previously known as the Nordic Prince, will operate under the name ‘SAFEEN Surveyor’ and will undergo an extensive conversion prior to starting operations…
Shell Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, as it announced plans to sharply boost its dividend by year end when its CEO departs.Shell also extended its share repurchasing program…
Offshore installation firm Allseas said Friday that its pipelay vessel Audacia had recently broken a pipelaying record in Malaysia.'Congratulations to crew who installed 4 kilometers of pipeline in 24 hours, beating the previous best of 3.8 kilometers for Malaysian waters…
Energy and marine consultancy ABL Group (ABL) said Wednesday it had acquired the operations of well control equipment specialists HOSE International.The two companies have cooperated since 2019 to jointly provide rig and well control inspection services for the offshore industry…
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