Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own annual records on high prices and soaring demand, pushing their combined take to near $200 billion. The scale has renewed criticism…
Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) received contracts totalling $2.7m for subsea batteries and synthetic aperture sonar systems (SAS). The SAS sensor contracts represent two new customers, continuing the growth of Kraken's list of users…
British oilfield services and engineering firm John Wood Group raised its expectations for annual adjusted core profit on Tuesday, betting on contract wins in its energy and materials business to sustain growth.Wood scored major contract wins…
Fraser Moonie was appointed as Chief Operating Officer of Rovco.Based in Aberdeen, Scotland, he will use his 25 years plus industry experience in subsea sector service companies to implement the company’s growth strategy. A former chief executive of Decom North Sea…
Rovco will now operate through two separate business units. Marc Coull, who joined the company last year as Operations Manager, has been promoted to Director of Inspection, Repair and Maintenance (IRM). His career spans 26 years in on and offshore roles supporting offshoreoperations…
Irish crew transfer vessel (CTV) owner and operator Farra Marine has expanded its fleet of CTVs after ordering another seven vessels from Singapore-based Penguin Shipyard International. The new CTVs are part of the WindFlex-27 series, and when…
Equinor agreed to buy oil and gas stakes in five discoveries in the Troll, Fram and Kvitebjoern areas of the North Sea from Wellesley Petroleum AS.The amount for the purchase was undisclosedThe transaction strengthens Equinor's position in a…
Simpson Spence Young (SSY) agreed on the terms to acquire Norwegian Westshore Shipbrokers AS, part of SSY’s strategy to enter into the global offshore sector. Based in Kristiansand, Norway, Westshore was launched in 1987.“This acquisition marks…
The new Chief Executive of Brazil's Petrobras, Jean Paul Prates, has picked geologist Mario Carminatti to head the oil company's exploration and production division, people with knowledge of the information said on Friday.As the company's chief geologist…
Semco Maritime has appointed Tor Erik Christoffersen Managing Director of the Group’s Norwegian business. He took up the position on 1 January 2023 and will work from the offices in Bergen and Stavanger, leading Semco Maritime’s 400 colleagues…
Aker software company Aize establishes Aize Inc. and opens first office outside Europe, in Houston, Texas.Aize provides software for heavy-asset industries, creating domain-specific software that is designed to enable faster and leaner project…
UK-based survival technology solutions provider Survitec has appointed Robert Steen Kledal as the company’s new Chief Executive Officer (CEO).'As CEO, Robert will be responsible for setting Survitec’s strategic direction. He will lead the Survitec Executive team and sit on the Survitec Board…
Geotechnical data acquisition company Geoquip Marine appointed Richard Turner as its new Chief Executive Officer with former CEO Stewart Higginson moving to the role of Executive Chairperson. Existing Chairperson, Peter Østergaard Nielsen will…
Archer secured a five year contract for the provision of platform drilling operations and maintenance services on seven installations with a U.K. North Sea operator.The new contract will commence November 1, 2022, in direct continuation of the…
Rovco, a provider of subsea robotics and hydrographic survey solutions to the marine renewable and wider energy sectors, has its sights set on supporting the energy transition in the US market with the strategic appointment of Mitchell (Mitch) Johnson as the company’s new Director – Americas…
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