Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Chevron Corp (CVX.N) on Friday reported its second-highest ever quarterly profit, blasting past analysts' estimates, driven by soaring global demand for its oil and gas and rising production from its U.S. oilfields. The surge comes as oil companies book mounting profits with prices near record levels and supplies tight on output cuts during the COVID-19... Continue Reading →
(Reuters) - General Electric Co (GE.N) on Tuesday trimmed its full-year profit forecast after reporting a decline in third-quarter earnings, primarily due to higher warranty and related reserves at its renewable energy business. The company, however, reported much higher-than-expected free cash flow. Its quarterly revenue also topped Wall Street's estimates. GE's shares were down about 1.8% at... Continue Reading →
(OE) Schlumberger, the world's largest oilfield services provider, is rebranding itself with a new name, color scheme and logo that underscores its ambitions for a lower-carbon future, the company said on Monday. The nearly 100-year-old firm, originally named after its founding family, has become a giant in oilfield services and equipment such as drilling and... Continue Reading →
(TN) Global energy company Equinor is committed to a sustainable, low-carbon future and believes that the effective use of data is essential to achieving its goals. To break down corporate data silos and provide employees with all the information they need to make effective decisions, the company chose to implement Microsoft Energy Data Services in... Continue Reading →
Following the acquisition of iXblue by Group Gorgé end of September, ECA Group and iXblue announced today that both companies will be operating under a new joint brand: Exail. With this alliance, Exail becomes a global high-tech industrial champion specializing in cutting-edge robotics, maritime, navigation, aerospace and photonics technologies. Combining complementary technological expertise and geographical... Continue Reading →
Norwegian energy giant Equinor said Monday that Molly Morris would take over as the new President of Equinor Wind US, effective January 1, 2023, succeeding Siri Espedal Kindem, "who will take on a new exciting opportunity within Equinor." Morris joined Equinor in 2008 and has since taken on a variety of important roles in the... Continue Reading →
(OW) BP is advertising a new opening in its offshore wind business, this time looking for the Head of Floating Offshore Wind, who will develop and lead its global floating offshore wind team from BP’s base in the UK. The company participated in public discussions on California’s (floating) offshore windBP is also exploring floating wind as... Continue Reading →
Equinor’s new platform in Brazil, Peregrino C, produced its very first oil on 10 October at 20:00 local time. Peregrino is Equinor’s largest operated field outside Norway. Peregrino phase 2 will extend the Peregrino field life to 2040. Phase 2 adds 250-300 million barrels of oil, while at the same time halving expected CO2 emissions per... Continue Reading →
Offshore drilling contractor Seadrill is returning to the New York Stock Exchange (NYSE) following a couple of years of absence. Seadrill Limited announced on Tuesday that it had received approval to relist its common shares on the NYSE under the ticker symbol “SDRL”. The company expects the common shares to begin trading on or about... Continue Reading →
Petrobras sent a document to the Securities and Exchange Commission (CVM) denying any internal movement to change the composition of its current board. The company's statement comes after rumors circulated in the press over the last week, indicating that the government would be interested in changing the company's board. According to the news, the federal... Continue Reading →
Brazil Energy Insight 