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Noble Voyager has moved on to the Sloanea-2 well offshore Suriname

OilNOW -
The Noble Voyager drillship has commenced drilling at the Sloanea-2 well at Block 52, Staatsolie told OilNOW. This follows the completion of drilling operations at the Fusaea-1 well.  Petronas has opted to extend its contract with Noble Corporation for the Voyager...
News

July-August period for Liza projects shutdown – Exxon 

OilNOW -
ExxonMobil’s scheduled shutdown of the Liza Destiny and Liza Unity floating production, storage and offloading (FPSO) vessels to facilitate the Gas-to-Energy project pipeline hookup will occur sometime in July-August.  Country President, Alistair Routledge disclosed same at an April 30 press...
Business Wire

Mercedes-Benz Q1 Marked by Solid Cash Generation and Top-End Model Changeovers 

Performance: Q1 adjusted Return on Sales (RoS) reached 9.0% (Q1 2023: 14.8%) at Mercedes-Benz Cars and 16.3% at Mercedes-Benz Vans (Q1 2023: 15.6%); Mercedes-Benz Mobility adjusted Return on Equity (RoE) at 8.5% (Q1 2023: 15.6%).  New products: World premieres for...
News

Vallourec gets fourth order from ExxonMobil Guyana for Whiptail project

OilNOW -
Vallourec said it got a fourth major order in the framework of a 10-year Long-Term Agreement (LTA) it signed in 2021 with ExxonMobil Guyana. Under the contract, Vallourec will deliver line pipe for the Whiptail project.  Vallourec will deliver over...
Business Wire

Owens Corning and Masonite Extend Early Participation Deadline and Announce Successful Results of Early Participation in Tender Offer and Consent Solicitation

TOLEDO, Ohio & TAMPA, Fla.--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a leader in global building and construction materials, and Masonite International Corporation (“Masonite”) (NYSE: DOOR), a leading global provider of interior and exterior doors and door systems, today announced that,...
Business Wire

MedMen Announces Entering Bankruptcy Proceedings and Resignation of CFO and Directors

BOCA RATON, Fla.--(BUSINESS WIRE)--MedMen Enterprises Inc. (“MedMen” or the “Company”), a cannabis company with subsidiaries operating across the United States, today announced that it made an assignment into bankruptcy pursuant to Canada’s Bankruptcy and Insolvency Act (the “Bankruptcy Proceedings”)...
News

Rising offshore rig dayrates prompt energy companies to explore ownership options – Westwood

OilNOW -
In a climate of escalating offshore rig dayrates, energy companies are increasingly considering ownership as a strategy to control costs and ensure availability, according to insights from Westwood Global Energy Group.  As of December 31, 2023, the cost to rent...
Business Wire

Pearson 2024 Q1 Trading Update (Unaudited)

Pearson is on track to achieve 2024 guidance with expected Q1 result and growth momentum for the second halfLONDON--(BUSINESS WIRE)--Highlights Underlying sales growth excluding OPM1 and Strategic Review2 of 3%. Strong operational progress in all divisions and continued execution momentum across...
News

Saipem reports net profit of €57 million in Q1 2024

OilNOW -
Saipem, the Italian energy industry contractor, disclosed a positive net result of 57 million euros for the first quarter of 2024, a turnaround from the breakeven recorded in the corresponding period of 2023.  The announcement came following the approval of...
News

Halliburton reports US$606 million net income for Q1 2024 

OilNOW -
Halliburton, the multinational oilfield services company, disclosed its financial performance for the first quarter of 2024, reporting a net income of US$606 million, equivalent to US$0.68 per diluted share.  This represented a decrease from the first quarter of 2023 when...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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