Raising adj. rec. EBIT margin outlook from 6.7% - 7.2% to 7.0% - 7.5% supported by robust first half profitability Adjusted order intake of €9.0bn driven by major LNG award and TPS momentum; record adjusted backlog of ~€19bn Exit from Arctic...

The Ministry of Natural Resources has extended the deadline for bid submissions in the Guyana 2022 Offshore Licensing Round to September 12, 2023.  The government is working to pass into law, its Petroleum Activities Bill 2023, which will establish a...

Geopolitical swing states are critical to the world economy and balance of power, but they don’t have the capacity by themselves to drive the global agenda, at least for now, according to a recent article by Jared Cohen, President...

Equinor has signed an agreement to acquire Rio Energy, a prominent onshore renewables company. The deal was formalised with Denham Capital, which will retain certain assets, while Equinor takes charge of the selected assets and the team. Pål Eitrheim, Equinor’s...

ODITC, the collaborative venture of 3t EnerMech, Orinduik Development Incorporated, and Windsor Technologies, has opened its state-of-the-art assessment and training facilities to assist OMNI Helicopters with their local Search and Rescue (SAR) recruitment process. The ODITC Centre of Excellence Georgetown...

International and offshore markets continue to showcase robust growth, outpacing North America's more moderated development, according to Olivier Le Peuch, CEO of SLB. He pointed out that these regions now make up nearly 80% of SLB's global portfolio, with...

By 2028, Guyana projects that a year's oil revenue will be equivalent to almost its total outstanding debt. However, political opponents to the current administration have said the country's debt is mounting and this could impact its future prospects....

Following remarkable successes in the deepwater plays of South America, Sierra Leone is hoping to mirror the fortunes of Guyana, aiming for an exploration boom in its prolific oil and gas fields. In recent years, the Guyana-Suriname basin has witnessed...

Transocean announced Tuesday that an independent operator awarded a 1,080-day contract for a high-specification seventh-generation, ultra-deepwater drillship in the Gulf of Mexico. One of three drillships will be selected by Transocean from among Deepwater Invictus, Deepwater Thalassa, and Deepwater...

DENVER--(BUSINESS WIRE)--Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today that its Board of Directors (the “Board”) has declared a dividend of $0.05 per share of Class A common stock, to be paid on September 20, 2023...