Month: April 2025

Saipem reports 31% rise in first-quarter core profit, confirms guidance

(Reuters) - Italian energy contractor Saipem said on Wednesday its first-quarter core earnings jumped 31% year on year driven by the group's offshore engineering and construction activities. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 351 million euros ($398.00 million), beating an analyst consensus of 339 million euros compiled by LSEG. The... Continue Reading →

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Baker Hughes forecasts drop in producer spending as tariffs pinch demand

(Reuters) - U.S. oilfield service provider Baker Hughes on Wednesday forecast steeper drops in spending by global oil producers as tariffs dent demand expectations and push down prices for crude. Baker Hughes echoed rival Halliburton's concerns on Tuesday, that weak oil prices could push down oilfield activity in North America. Houston-based Baker Hughes, which reported better-than-expected first-quarter profit on Tuesday,... Continue Reading →

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Portugal Lays Groundwork for First Offshore Wind Auction

(offshoreWIND.biz) The Portuguese government has outlined the framework for the country’s first auction of commercial-scale offshore wind farms, which is expected to take place later this year. Published on 21 April in the Diário da República, the order sets out a centralised sequential model for allocating offshore wind development areas, in alignment with the National Energy... Continue Reading →

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Fleet staying active as Prosafe navigates strategic divestments

(offshore-energy.biz) Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe has shared its fleet activity for March. According to Prosafe, its fleet utilization rate for March 2025 was 52%, representing a slight decrease from the 57% rate reported for February.  Safe Zephyrus was the busiest, operating at full capacity during March, achieving 100% commercial uptime. The... Continue Reading →

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Ørsted Streamlines Offshore Wind Executive Team

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 has been appointed Chief Development Officer (CDO) and will head up Ørsted Commercial, which covers commercial development activities across... Continue Reading →

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Atlas wins crewing contract for Noble’s Suriname drilling campaign

(offshore-energy.biz) U.S. offshore drilling contractor Noble Corporation has awarded Atlas Professionals with a crew management contract for its upcoming drilling campaign in Suriname. Under the deal, Atlas is slated to provide junior and expatriate crew for a drilling campaign to be carried out using the Noble Developer rig. Additionally, the firm will provide comprehensive logistics, training, and... Continue Reading →

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Fire breaks out at Petrobras’ Campos Basin oil rig

(offshore-energy.biz) Dozens of workers have been treated for injuries following a fire on an oil platform off the coast of Brazil operated by the state-owned energy giant Petrobras. According to the Norte Fluminense Oil Workers’ Union (Sindicato dos Petroleiros do Norte Fluminense), a fire occurred on the platform PCH-1 in the morning of April 21, 2025, at... Continue Reading →

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Halliburton signals North America weakness as oilfield services earnings gather pace

 (Reuters) - Halliburton reported lower first-quarter profit on Tuesday, as a slowdown in North American drilling activity weighed on demand and the oilfield services provider recorded a $356 million pre-tax charge. The company's shares fell 4% in premarket trading following the results. Halliburton is the first of the Big Three U.S. oilfield services provider to report earnings as... Continue Reading →

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