Shell missed fourth-quarter profit expectations on Thursday with an 11% drop to the lowest level since early 2021 amid weaker oil prices, but kept its share buyback programme steady at $3.5 billion for the next three months.Profits at its integrated…
Seatrium has completed divested its AmFELS Yard located at Brownsville in Texas to Karpower Valley, a related party of Karpowership.The divestment, first announced in September 2025 and completed on January 30, 2026, will allow Seatrium to enhance capital and operational efficiencies…
A U.S. Federal Court has granted the preliminary injunction sought by Ørsted for the suspension order issued by the Bureau of Ocean Energy Management (BOEM), allowing the restart of the construction of an offshore wind project in New York.The…
Dominion Energy has completed the installation of the first offshore wind turbine for the Coastal Virginia Offshore Wind (CVOW) project, the largest such project in the United States.In a regulatory filing, submitted by Dominion Energy on January 30…
U.S. oil and gas major Chevron said on Friday turnarounds and downtime are expected to reduce its upstream production by 185,000 to 225,000 barrels of oil equivalent per day in the first quarter.The company added refinery turnarounds and downtime…
Subsea7 has secured a sizeable contract by Shell for the Kaikias Waterflood project, a deepwater development in the Mars-Ursa Basin, off the Louisiana coast in the United States.The scope of work includes the transportation and installation of a subsea umbilical…
Lukoil had agreed to sell most of its foreign assets, estimated to be worth around $22 billion, to U.S. private equity firm Carlyle Group pending approval from the U.S. government, Russia's No. 2 oil producer said on Thursday.Under U.S. sanctions because of Russia's actions in Ukraine…
Shell and BP are seeking U.S. Office of Foreign Assets Control licenses to extract natural gas from fields in Trinidad and Tobago and Venezuela, the Caribbean country's energy minister Roodal Moonilal said on Wednesday.Shell is seeking a license to develop the Loran-Manatee discovery…
A federal judge on Tuesday allowed Vineyard Wind to resume work on its Massachusetts offshore wind project, which President Donald Trump's administration halted along with four other projects last month.The ruling by U.S. District Judge Brian…
European countries have agreed to jointly develop a vast offshore wind network, marking a pivotal step in the region's push to both trim its dependence on U.S. natural gas imports and tackle rising renewable energy costs.At the North Sea Summit on Monday…
Beacon Offshore Energy has started oil and gas production from its Zephyrus field in the U.S. Gulf of America, with output from the initial well beginning in late December 2025.The Miocene-aged development is located in Mississippi Canyon Block 759…
Offshore drilling contractor Noble Corporation has secured new contract awards for nine rigs totaling about $1.3 billion in backlog, including a three-year deal that marks its entry into Norway’s harsh-environment floater market.The largest…
Baker Hughes on Sunday reported an 11% rise in adjusted profit for the fourth quarter as demand for its gas technology equipment and services more than offset weakness in its oilfield services and equipment business.The company has banked on demand for equipment and services…
SLB beat Wall Street estimates for fourth-quarter profit on Friday, as the world's top oilfield services provider benefited from the ChampionX acquisition and unveiled plans to return $4 billion to shareholders this year.The company closed the $7…
McDermott has been awarded a major contract, worth between $750 million and $1 billion, by ADNOC for engineering, procurement, construction and installation (EPCI) services for the Nasr-115 Expansion Project.The project is located approximately…
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