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(U) UK contractor TechnipFMC is on track this year to win new orders totaling almost $7 billion from the subsea sector alone — up as much as 40% year-on-year, and the contractor’s opportunities list is at a record high. “Extending the outlook into 2023, we believe orders over the next five quarters will be at... Continue Reading →
(Reuters) - Spanish energy group Repsol (REP.MC) said on Thursday it will raise its dividend and buy back more shares than previously announced after its third quarter net profit doubled on the back of higher oil and gas prices. Repsol's board agreed to raise its 2023 dividend by 11% to 0.70 euros per share and buy back... Continue Reading →
Italy's Saipem improved its guidance for the full year after third-quarter adjusted core earnings and revenue beat analysts' expectations. The energy contractor reported on Thursday an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of 215 million euros ($216.74 million) compared with an analysts' consensus of 136 million euros. EBITDA was negative for 25... Continue Reading →
(Reuters) TotalEnergies posted a sharp jump in its third-quarter net profit compared with a year ago, as it joined other energy giants in its sector to have benefited from higher oil and gas prices, although it also booked a new Russia-related impairment. TotalEnergies' third-quarter adjusted net income stood at $9.86 billion. That compared with $4.77... Continue Reading →
(Reuters) Shell Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, as it announced plans to sharply boost its dividend by year end when its CEO departs. Shell also extended its share repurchasing program, announcing plans to buy $4 billion of stock... Continue Reading →
(Reuters) - Spanish utility Iberdrola (IBE.MC) posted a 29% rise in nine-month net profit on Wednesday as growth in the United States and Brazil helped offset a fall in Spain that the company's chairman partly blamed on government overregulation. Energy prices in Europe have soared since Russia invaded Ukraine in February, which has hit markets that were... Continue Reading →
(Reuters) Oil and gas producer Wintershall Dea said on Tuesday that its most closely watched measure of earnings more than doubled in the third quarter of 2022 and that it would seek to strengthen business in locations outside Russia. Wintershall Dea was looking into whether the international business it is pursuing could be legally separated... Continue Reading →
DeepOcean has signed a charter agreement with shipowner Simon Møkster Shipping for the Stril Server multi-purpose support vessel (MPSV), set to be deployed in the renewables and oil & gas markets. Under the two-year agreement, Stril Server will provide subsea inspection, maintenance, and repair (IMR), light construction and recycling services to DeepOcean’s customers in the... Continue Reading →
Offshore wind service provider SeaRenergy said Wednesday it had secured a contract for offshore infrastructure services from Siemens Energy. The scope of work comprises integrated onshore and offshore logistics services executed during the commissioning of DolWin6 converter platform in the German Bight. DolWin6 is TenneT's 13th offshore grid connection system in the German North Sea... Continue Reading →
Renewable energy technology company Marine Power Systems has partnered up with floating wind farm developer Simply Blue Group to develop a project proposal for the Innovation and Targeted Oil and Gas (INTOG) leasing round run by Crown Estate Scotland. Innovation and Targeted Oil and Gas Decarbonisation (INTOG) seabed leasing round will allow developers to apply for... Continue Reading →
Brazil Energy Insight 