Saudi state oil company Aramco reported on Tuesday a 34.5% increase in third-quarter net profit despite attacks on its facilities, mainly due to higher revenue and its exit from a joint venture.The world's top oil exporter reported a net profit of $36…
Solstad Maritime has secured two contracts for its Normand Australis construction support vessel (CSV) in the Asia Pacific region, with a combined firm duration of 250 days.The contracts will be executed consecutively, with operations expected to begin in December 2026…
Dutch geological data specialist Fugro said on Friday that Iran war-linked disruptions had dented its earnings by €25 million ($28 million) this year, including €10 million in the third quarter alone, while GPS jamming and restrictions on vessel…
DeepOcean has secured a contract from Tullow Ghana to carry out subsea gas lift riser retermination work at the Jubilee field offshore Ghana, using its recently upgraded Orient Adventurer subsea construction vessel.The project involves a gas…
We are entering in interesting period in the subsea vessel market, as contract backlog among the EPCs continue to rise to new all-time highs, existing long-term contracts are coming up for renewals, and a wave of newbuilds are closing in on delivery…
Carbon capture and storage (CCS) is moving from a collection of demonstration projects toward a new infrastructure business. As of July 2025, 734 commercial CCS facilities were in operation or development, up from 628 a year earlier, while…
Baker Hughes reported a fall in third-quarter profit on Tuesday, as prolonged conflict in the Middle East hit demand for services and equipment in the key oil-producing region.Repeated flare-ups in the Middle East conflict, now in its eighth month…
French oil company Maurel & Prom (M&P) has confirmed a natural gas discovery in Tanzania's Mnazi Bay license, with preliminary estimates indicating approximately 200 billion cubic feet (bcf) of gas in a reservoir reached by drilling from onshore to a target 4…
Dolphin Drilling has agreed to sell its Blackford Dolphin semi-submersible drilling rig to SPM Energy Shipping for up to $25 million and entered into a preliminary agreement for the management of future drilling contracts involving the rig and at least one additional semi-submersible unit…
Ocean Power Technologies (OPT) and Stratum Holdings have signed a non-binding letter of intent (LOI) to explore the development of offshore data center assets powered by wave, wind and solar energy, combining renewable power platforms with high-performance computing infrastructure…
The Chouest Group and the founders of Horizon Maritime Services have announced a strategic partnership that includes the acquisition of the Canadian offshore and marine services company from CFFI and its lender, HPS.The transaction expands the Louisiana-based Chouest Group's presence in Canada…
SLB beat Wall Street estimates for third-quarter profit on Friday, supported by strong North American oilfield activity, while signaling recovery in parts of the Middle East following conflict-related disruptions.Repeated flare-ups in the US-Iran conflict…
XRG, the international investment arm of Abu Dhabi National Oil Company (ADNOC), is in talks with Eni about potentially buying a stake in the Italian company's oil and gas business in Libya, two people familiar with the matter said.Negotiations…
Norwegian offshore vessel owner DOF Group has secured a subsea installation contract in Africa, with its Skandi Acergy construction support vessel (CSV) scheduled to undertake the offshore campaign in early 2027.The contract, valued at between $15 million and $25 million…
Oil prices rallied over $2 a barrel on Thursday after more Houthi attacks in Saudi Arabia stoked concerns over a broader escalation of conflict and further disruptions to crude supplies from the world's key exporting region.Brent crude futures LCOc1 climbed$2…
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