Exxon’s record-smashing Q3 profit

(Reuters) - Exxon Mobil Corp (XOM.N) on Friday smashed expectations as soaring energy prices fuelled a record-breaking quarterly profit, nearly matching that of tech giant Apple. Its $19.66 billion third-quarter net profit far exceeded recently raised Wall Street forecasts as sky-rocketing natural gas and high oil prices put its earnings within reach of Apple's $20.7 billion net... Continue Reading →

High subsea activity lifts DOF’s figures up

DOF Group has reported that its fleet achieved an average utilization of 88% in the third quarter of 2022, an increase from 83% in the same period last year, backed by “continued high activity and good performance” in subsea regions. In Q3 2022, DOF’s revenue totaled NOK 2,862 million, an increase from NOK 2,052 million in Q3... Continue Reading →

ExxonMobil books DOF Subsea vessels offshore Guyana

Norwegian DOF Subsea has secured a three-year contract for two multipurpose support construction vessels (MPSVs) with Esso Exploration & Production Guyana. DOF Subsea will perform inspection, maintenance, and repair (IMR), well-intervention support, and light subsea construction activities to support the “growing” subsea infrastructures in the Stabroek Block offshore Guyana. The two MPSVs, featuring 250-ton AHC cranes and work-class... Continue Reading →

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