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(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 →
(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 →
(Reuters) - GE Vernova reported first-quarter revenue on Wednesday that beat Wall Street estimates on the back of strong performance at its power and electrification units, sending its shares up more than 8% in premarket trading. The results come at a time when the power industry is bracing for the impact of the Trump administration's sweeping tariffs and policies,... Continue Reading →
(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 $356 million pre-tax charge. The company's shares fell 4% in premarket trading following the results. Halliburton is the first of the Big Three U.S. oilfield services provider to report earnings as... Continue Reading →
(OE) US Secretary of the Interior Doug Burgum has directed the Bureau of Ocean Energy Management (BOEM) to begin a public engagement process to develop a new schedule for offshore oil and gas lease sales on the U.S. Outer Continental Shelf. “Launching the process to develop the 11th National Outer Continental Shelf Program marks a... Continue Reading →
(offshoreWIND.biz) Dutch Fugro has realigned its operations in the Americas by reducing its workforce and scaling back operations due to expected lower revenues caused by a pause in new offshore wind projects. In the financial update for the first quarter of 2025, Fugro stated that rapidly increased geopolitical and economic uncertainties influencing client investment behaviour worldwide add... Continue Reading →
BRAVA ENERGIA S.A. (“Brava” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general about the publication of the Reserve Certification Reports for the Company's main assets, with a reference date of December 31, 2024 ("Certification 2025"), prepared by the independent specialized consultancies DeGolyer and MacNaughton... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact disclosed on February 26, 2025, informs that, in a meeting held today, the Annual General Meeting (AGM) approved the remuneration to shareholders related to the 2024 Fiscal Year, in the total amount of R$ 73,905,736,229.85, representing R$ 5.73413520 per common and preferred share in... Continue Reading →
(offshore-energy.biz) Australia’s oil and gas company Karoon Energy has set its cap on finding a partner ahead of making a final investment decision (FID) for an oil field discovery in the Santos Basin off the coast of Brazil. The firm is moving forward with the next stage of development, which includes the entry into the... Continue Reading →
(OE) Saipem has entered into an amended bareboat charter with Deep Value Driller for the seventh-generation drillship Deep Value Driller. Earlier in 2025, the charterer, Saipem, was granted an option until April 14, 2025 to enter into an amended bareboat charter for the Deep Value Driller drillship, which has been exercised. Saipem and Deep Value... Continue Reading →
Brazil Energy Insight 