Italian energy group Eni on Wednesday lifted its share buyback programme by €600 million to €3.4 billion ($3.9 billion) after reporting better than expected second-quarter results.The company's adjusted net profit more than doubled in April-June compared with the same period last year to €2…
Australia's Woodside Energy reported a 28% rise in second-quarter revenue on Wednesday and narrowed its annual production forecast, citing strong operational performance and high reliability across its assets.The company now expects 2026 production…
Seatrium has received Approval in Principle (AiP) from Bureau Veritas Marine & Offshore for its 30 MW Floating Data Centre (FDC) concept, marking a milestone in the development of offshore digital infrastructure designed to support growing demand for artificial intelligence and cloud computing…
Keppel has launched a program to monetize up to 10 legacy offshore drilling rigs through a newly established Keppel Offshore Fund (KOF), in a transaction valued at approximately $2.86 billion (S$3.7 billion) that will expand its funds under management and generate proceeds from non-core assets…
Baker Hughes said on Monday it expects annual global spending by oil and gas producers to decline modestly this year, with growth in Latin America, offshore Africa, and North America land offset by lower spending in Europe and the Middle East…
Apollo Global Management will invest $1.5 billion in Singapore-based Keppel's new private fund that will hold six operational oil rigs, the two companies said on Monday.The deal will help Keppel monetise its non-core assets and unlock capital for re-investment…
Seatrium Offshore Renewable Services (ORS) has begun construction of a new operations hub in the UK to expand its offshore wind capabilities and support a growing pipeline of renewable energy projects across Europe.The new facility in Lowestoft…
Portuguese energy company Galp Energia posted a 45% jump in second-quarter adjusted net profit on Monday, boosted by higher oil output in Brazil and stronger crude prices and refining margins brought on by Iran war supply disruptions.The company raised its earnings guidance for the year…
The Iranian-aligned Houthis said on Thursday they struck two Saudi oil tankers as part of a naval blockade on Saudi Arabia, threatening to create a second chokepoint on global oil supplies alongside Iran's near-closure of the Strait of Hormuz…
Saipem has secured an offshore drilling contract worth approximately $260 million from Eni for a long-term development drilling campaign offshore Côte d'Ivoire.The contract will see the Santorini drillship deployed on the campaign from early 2027 under a firm drilling program…
Chevron has shut in production at its Petronius platform in the U.S. Gulf of America and evacuated all associated personnel to shore as Tropical Storm Bertha approaches.The company said production from its other Chevron-operated assets in the Gulf remains at normal levels…
Vår Energi and BlueNord have agreed to combine their businesses in a cash-and-shares transaction that will expand Vår Energi into Denmark and create what the companies said would be Europe's largest independent oil and gas producer.The transaction…
Oceaneering International, Inc. announced that its Integrity Management and Digital Solutions (IMDS) segment has been awarded a five-year inspection and asset integrity services contract by a Qatar-based oil company. The contract includes two optional one-year extensions…
Malaysia-based offshore drilling contractor Velesto Energy has mutually agreed with PC Ketapang II, PC North Madura II and PETRONAS North Ketapang to terminate, without cause, a contract for the NAGA 8 jack-up drilling rig offshore Indonesia…
Karoon Energy has returned all production wells at its Baúna project offshore Brazil to service after restarting the PRA-2 well, lifting field output to about 22,000 barrels of oil per day (bpd).Production from the PRA-2 well resumed on July…
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