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Feb 26 (Reuters) - Italian energy group Eni beat forecasts on Thursday with a 35% year-on-year jump in fourth-quarter adjusted earnings, driven by a strong performance in its exploration and production division and improved refining results. Adjusted net profit came in at 1.2 billion euros ($1.4 billion) between October and December, beating an analysts' consensus forecast... Continue Reading →
Feb. 26 - Seatrium Limited (“Seatrium” or the “Group”) has delivered net profit of S$323.6 million for the financial year ended 31 December (“FY”) 2025, a 106% increase from S$156.8 million in the preceding financial year. Key highlights: Revenue grows 24% to $11.5 billion; Net profit grows 106% to $324 million on stronger margins Robust... Continue Reading →
Feb. 26 (Reuters) Dutch offshore oil services company SBM Offshore announced a 57% annual surge in shareholder returns to a record $470 million (397.8 million euros) on Thursday and said it will return at least $2.1 billion to investors over six years. The Amsterdam-based floating production specialist said it would pay $2.57 per share through... Continue Reading →
Feb 25 (Reuters) - Oil major Shell, the healthier joint-venture partner in Brazilian sugar and ethanol producer Raizen, is ready to pour more resources into a recapitalization of the distressed company, three people familiar with the matter told Reuters. Raizen, a top global sugar maker, is in tough financial straits after posting a third-quarter net... Continue Reading →
Feb 25 (Reuters) - Portugal's largest power utility EDP on Wednesday reported a 44% rise in 2025 net profit, driven by robust earnings from its renewable arm, despite a decline in gains from divestitures of older renewable plants. Consolidated net profit rose to 1.15 billion euros ($1.36 billion). Subsidiary EDP Renovaveis, the world's fourth-largest wind energy producer,... Continue Reading →
Feb 25 (Reuters) - Angola's state oil company Sonangol is talking to Chinese financial institutions to secure a $4.8 billion loan to partly finance the construction of a new refinery in the Atlantic sea port of Lobito, it said on Wednesday. The financing, if completed, will mark the first borrowing by the Southern African oil... Continue Reading →
Feb. 25 (OE) Saipem has released its preliminary results for the fourth quarter and financial year 2025, confirming, for the fourth consecutive year, the trajectory of growth and improvement in profitability together with a further acceleration in cash generation. Revenue stood at €15.5 billion in 2025, a growth of 6.5% compared to the previous year,... Continue Reading →
Singapore, 23 February 2026 – Seatrium Limited (“Seatrium”, or the “Group”) wishes toannounce a series of additional divestments, as well as update on an earlier transaction, aspart of its ongoing efforts to rationalise non-core assets, streamline operations, and drivelong-term value for shareholders. Alongside recent divestments of the AmFELS yard in Texas and the GNL Platform... Continue Reading →
All-Cash Deal, Expanding Brazil FootprintFeb. 23 (OE) Tidewater Inc. (NYSE: TDW) has signed a definitive agreement to acquire Wilson Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (collectively, WSUT) in an all-cash transaction valued at approximately $500 million, including the assumption of existing debt.The acquisition significantly strengthens Tidewater’s position in the global... Continue Reading →
Feb.20 - DOF Group ASA's (“DOF” or the “Group”) revenue for 4th quarter (management reporting) totals USD 577 million (USD 445 million) and EBITDA totals USD 220 million (USD 152 million). The operating profit (EBIT) is USD 174 million (USD 190 million) and includes reversal of impairment of USD 9 million (USD 98 million). Net financial... Continue Reading →
Brazil Energy Insight 