An oil-producing consortium in Guyana comprising Exxon Mobil, Hess and CNOOC posted a 64% surge in 2024 profit to $10.4 billion, Exxon said on Tuesday, as facility updates allowed sustained output growth.Due to fast production expansion and relatively low government royalties and taxes…
Australia is losing its competitive edge in attracting investment in natural gas exploration and production, threatening the nation’s energy security, economic growth and emissions reduction targets, a new report by Wood Mackenzie has found…
A new report from Wood Mackenzie, 'Trading cases: Tariff scenarios for taxing times', presents three futures for the global energy landscape, highlighting the far-reaching implications of ongoing trade tensions for the energy and natural resources sectors…
Norwegian offshore supply vessel owner DOF Group has secured four long-term charter and service contracts with Petrobras for its anchor handling tug supply (AHTS) vessels, worth approximately $480 million.As part of the new contracts, Skandi Iguaçu…
National Ocean Industries Association (NOIA) and the Offshore Operators Committee (OOC) are organizing fourth annual Offshore CCS & Emerging Technologies Symposium, where industry leaders will gather to discuss the future of U.S. carbon capture and storage (CCS) projects…
DEME Offshore Holding, a wholly owned subsidiary of DEME Group, has acquired a 50% stake in BAUER Offshore Technologies, a BAUER Group company.BAUER Offshore Technologies specializes in drilling services for the installation of foundations for offshore wind farms…
Fugro’s Group Director for Europe and Africa Erik-Jan Bijvank has announced his decision to step down form the position to pursue opportunities outside the company.Effective immediately, the recruitment process for Erik-Jan’s replacement has already been initiated…
Exxon Mobil on Friday beat Wall Street's estimate for first-quarter profit as higher oil and gas production from Guyana and the Permian basin helped boost earnings.Profit during the January-March quarter was $7.71 billion or $1.76 per share…
Norwegian offshore vessel operator DOF Group has secured work for two of its subsea vessels offshore Brazil.DOF’s Skandi Achiever diving support vessel has been awarded an offshore service and survey contract in Brazil in support of a SURF project…
Italian energy group Eni on Thursday reported a smaller than expected 11% yearly drop in adjusted net profit for the first quarter.Adjusted net profit came in at 1.41 billion euros ($1.60 billion) between January and March, down from 1.58 billion euros in the first quarter of 2024…
Ørsted has expanded its Group Executive Team with the appointment of two new members, enabling the representation of the full offshore wind value chain, including development, construction, and generation.Effective from May 1, 2025, Amanda Dasch…
Malaysia-based fleet owner of self-propelled accommodation workboats Keyfield International has set out plans to acquire a newly-built DP2 cable-laying barge for $20.5 million, marking its expansion into cable laying market.The 98-meter-long barge…
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