Oil giant Saudi Aramco on Tuesday reported a 3.4% fall in second-quarter profit on lower crude volumes and softer refining margins.Aramco posted second-quarter net income of 109.01 billion riyals ($29.03 billion) in the three months to June 30…
Abu Dhabi National Oil Company (ADNOC) has signed a long-term heads of agreement with Osaka Gas for the delivery of up to 0.8 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG) from the Ruwais LNG project.The LNG will primarily…
U.S.-based subsea services and technology firm Oceaneering International has secured an Inspection, Maintenance, and Repair (IMR) support services contract with Aker BP for work on the Norwegian Continental Shelf.The initial contract duration is for three years with two…
BP and Golar LNG have reached a commercial reset agreement for the floating liquefied natural gas (FLNG) vessel Gimi, a core component of BP’s the Greater Tortue Ahmeyim (GTA) LNG project, offshore Mauritania and Senegal.The Gimi FLNG vessel art of the GTA Phase 1 development…
Genesis North America (GNA), as a major subcontractor of Offshore Oil Engineering Co., (COOEC), has engaged ABS to support RUYA Project, a production capacity improvement plan for the Al Shaheen field in Qatar operated by North Oil Company (NOC)…
Petrobras has achieved the main objective of the Uchuva-2 well, confirming the extent of the gas discovery made in the Tayrona block, located offshore Colombia’s Caribbean coast.The achievement confirms the gas discovery made in 2022 with the drilling of the Uchuva-1 well…
HSM Offshore Energy has completed the load out the N05-A topside and jacket for ONE-Dyas at its Schiedam yard in the Netherlands, which set sail to its final location to become part of the first electrified gas production platform in the North Sea that runs completely on offshore wind power…
Energy services firm Kent has secured a three-year global framework agreement with Shell to provide commissioning and start-up services (CSU) across its various onshore and offshore projects.The contract encompasses a wide range of energy sectors…
Western Australia's environment regulator said on Monday it expects to release its recommendations on Woodside Energy's Browse gas project in 2025, after a newspaper reported the huge project might be rejected by the regulator.The $20.5 billion…
New Zealand's green credentials are at risk as the government rolls back environmental reforms in a bid to boost a flailing economy and fulfil promises made to its voters.Since taking power last year, Prime Minister Christopher Luxon's center…
Esgian provides an update on what has been a busy week in the offshore drilling market in its Week 31 Rig Analytics Market Roundup.Report SummaryContractsBorr Drilling has confirmed new contracts for several of its 400-ft jackups, including work for the Arabia I in Brazil…
SLB OneSubsea, a joint venture between SLB, Aker Solutions, and Subsea7, has secured a major contract from Petrobras for the supply of subsea production systems and related services for two ultra-deepwater fields offshore Brazil.As part of the…
The floating production, storage, and offloading (FPSO) Almirante Tamandaré, which is set to be the largest to ever operate in Brazilian waters, has started its journey from China to serve Petrobras in the Santos Basin.The FPSO started its journey…
Exxon Mobil on Friday posted a better-than-expected $9.2 billion second-quarter profit based on rising output from its purchase this year of shale oil firm Pioneer Natural Resources.Exxon delivered a $2.14 a share profit that beat analysts'…
Canada-based oil and gas company Valeura Energy has begun the process of restarting the production operations at the Wassana field in the Gulf of Thailand, following inspection of mobile offshore production unit (MOPU).Valeura implemented a precautionary suspension of oil production on June 28…
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