BP on Tuesday reported a 30% drop in third quarter profit to $2.3 billion, the lowest in almost four years, weighed down by weaker refining margins and oil trading results.The drop in profit from a year earlier was, however, smaller than expected…
TotalEnergies has discovered additional gas condensate resources in the new well at the Harald field in the Danish North Sea, which could start producing through the existing Harald and Tyra facilities before the end of 2024.Located in shallow waters…
Mammoet has been hired by shipbuilder and ship repair company Damen Shiprepair to assist with a jack-up leg repair for the Noble Corporation drilling rig Noble Regina Allen, reducing the downtime of the rig during retrofit process.Initially…
Energy technology company Baker Hughes has signed ‘significant’ contracts with Petrobras to provide flexible pipe systems that will be deployed across several oil and gas fields offshore Brazil.Baker Hughes will provide 77 km of flexible pipe systems…
Offshore drilling contractor Vantage Drilling has listed its shares on Euronext Growth Oslo, a multilateral trading facility operated by Euronext.The company’s shares on Euronext Growth Oslo have been listed since October 28, 2024, under the ticker code VDI…
Portugal's Galp Energia on Monday posted a 22% fall in third-quarter adjusted core profit, hit by lower oil output and a sharp drop in refining margins, but earnings still beat estimates for the period.The energy firm reported adjusted earnings before interest…
Offshore drilling provider Transocean is in talks to merge with rival Seadrill, Bloomberg News reported on Wednesday, citing people familiar with the matter.The companies are discussing the potential structure of the combination, it said.However…
Brazil state-run firm Petrobras plans to bring oil production at its Tupi oil field back to 1 million barrels per day (bpd) in 2027, as it plans new investments in the asset, its director for exploration and production Sylvia dos Anjos told Reuters on Thursday…
At least three people have died when a helicopter crashed in Nigeria on its way to Nuims Antan floating, production, storage, and offloading (FPSO) unit, the state-owned oil firm NNPC reported.The helicopter, operated by East Winds Aviation…
Offshore seismic services specialist Shearwater Geoservices has secured its second contract from TotalEnergies for an Angolan ocean bottom node (OBN) project.The three-month deepwater OBN survey at B20/11 covering the Golfinho and Cameia fields…
Technology company Techouse has teamed up with several energy companies, including TotalEnergies and Equinor, to develop and test a compact once-through steam generator (OTSG) that could reduce fuel consumption and emissions at offshore installations…
Australian oil and gas company Beach Energy has delivered first gas from the Thylacine West 1 and 2 development wells following successful connection to the Otway Gas Plant in Victoria.The Thylacine West development wells are located approximately…
Portuguese oil company Galp has started second exploration and appraisal campaign at Orange Basin block, offshore Namibia.The appraisal campaign is being conducted at blocks 2813A and 2814B, part of PEL 83 license, where Galp is the operator with 80% stake…
A rig is due to arrive at Egypt's Zohr gas field in December to restart drilling work, with the aim of producing 220 million cubic feet per day from two wells, Petroleum Minister Karim Badawi told a press conference on Wednesday.Egypt plans to increase oil and gas exploration works in 2025…
Norway's largest oilfield Johan Sverdrup is expected to come off its production plateau early next year, operator Equinor said on Thursday.The field hit record daily output of more than 756,000 barrels of oil per day in September, equivalent to some 6%-7% of Europe's daily oil consumption…
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