Oilfield services giant Schlumberger (SLB) has achieved a net profit of US$4.2 billion in 2023, marking a 22% increase and establishing a record year for its Middle East operations in terms of revenue. The company posted a total revenue...

France-based marine seismic data company CGG has agreed with the Ministry of Energy and Energy Industries of Trinidad and Tobago to reimage vintage 3D seismic data from four deepwater offshore blocks.  The project, covering blocks 25a, 25b, 26, and 27...

DENVER--(BUSINESS WIRE)--Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today that its Board of Directors (the “Board”) has increased its share repurchase authorization announced on July 25, 2022 to $750 million, a $250 million increase from the...

PARIS--(BUSINESS WIRE)--Technip Energies, a leading Engineering & Technology company for the energy transition, announces the following Executive Committee appointments: Chief Digital and Information Officer Naïla Giovanni, has been appointed to the newly created position of Chief Digital and Information Officer (CDIO),...

Westwood anticipates 2024 oil and gas-related engineering, procurement and construction (EPC) contract value will rebound to close at approximately US$76 billion, a 77% increase compared to 2023. This will be driven by the demand for approximately 324 subsea trees, 22...

Equinor was awarded 39 new production licenses by Norway’s Ministry of Energy. The licenses, distributed across the North Sea, Norwegian Sea, and Barents Sea, position Equinor as the operator in 14 of these licenses and a partner in 25...

ABB has been awarded a contract by Offshore Frontier Solutions Pte Ltd to provide a comprehensive electrical system and digital solutions for ExxonMobil's Errea Wittu floating production, storage and offloading (FPSO) vessel. Offshore Fronter Solutions is a joint venture...

Guyana’s oil and gas sector is set to hire over 1,600 Guyanese in the period 2024-2026. During the reading of the 2024 national budget, Guyana's finance minister, Dr. Ashni Singh, outlined the hiring forecast as detailed in the five-year...

DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) announced today the following schedule for its fourth quarter 2023 results: Earnings Release: Monday, February 26, 2024, pre-UK market open via Business Wire, Regulatory News Service, and the Company’s website at www.kosmosenergy.com. Conference Call: Monday, February...

Milan-listed offshore engineering and construction company Saipem is set to appeal a two-year ban on signing new contracts with the Brazilian public administration following an investigation into alleged irregularities surrounding a deal signed with Petrobras in 2011. The suspension, imposed...