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April 24 (Reuters) - SLB reported a fall in first-quarter profit on Friday, as disruptions from the war in Iran forced the top oilfield services provider to rein in operations in a key oil-producing region, sending its shares down more than 4% before the bell. The company last month said it demobilized operations in a few... Continue Reading →
April 24 (OE) Helix Energy Solutions and Hornbeck Offshore Services have agreed to combine in an all-stock transaction to create an integrated offshore services company. Under the agreement, Hornbeck shareholders will own about 55% of the combined company, while Helix shareholders will hold around 45%. The combined company will operate under the Hornbeck Offshore Services... Continue Reading →
April 23 (Reuters) - Oilfield services provider Baker Hughes beat Wall Street estimates for first-quarter profit, as strong demand in its industrial and energy technology unit offset drilling weakness caused by disruptions in the Middle East. A surge in electricity demand from data centers, along with investments in liquefied natural gas (LNG), gas infrastructure and grid... Continue Reading →
April 23 (offshoreWIND.biz) The European Commission has identified offshore wind repowering as one of the key measures to strengthen energy security and reduce reliance on fossil fuel imports, as part of its newly unveiled AccelerateEU strategy. Announcing the strategy on 22 April, the Commission highlighted the rapid repowering of large renewable assets, including offshore wind farms,... Continue Reading →
April 23 (oilnow.gy) Saipem reported revenue of €3.5 billion for the first quarter of 2026, with earnings rising on stronger performance in its offshore and onshore engineering and construction segments. The company said on April 21 in Milan that adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 24% year-on-year to €434 million, while... Continue Reading →
April 23 (OE) Deepwater production continues to remain a core part of the long-term energy supply mix. While production from conventional onshore and shallow-water assets is expected to remain broadly flat under our base case, Welligence estimates that global deepwater oil production will grow from its current level of around 8 million bbl/d to close... Continue Reading →
April 23 (OE) With one year since the last AHTS report, we have now started to see the effects of a tightening supply-demand balance as earlier predicted, which has translated into a significant uptick in the North Sea spot market especially. The total global AHTS fleet totals just south of 1,700 vessels, of which roughly... Continue Reading →
April 23 (OE) Over the last few years, the energy trilemma has pivoted away from energy transition to energy security and affordability. As a result, offshore oil & gas exploration and production activity, including deepwater activity, has been relatively healthy. Construction, operational support and decommissioning activity has supported the deployment of large anchor handlers and... Continue Reading →
April 22 (Reuters) - U.S. oilfield services firm Weatherford International (WFRD.O), opens new tab said on Wednesday that oilfield activity in Mexico has normalized and it was starting to get paid after a new financial mechanism helped raise funds for state-run energy company Pemex to pay its suppliers after long delays. Oilfield service companies had significantly reduced... Continue Reading →
April 22 (Reuters) - U.S. oilfield services provider Halliburton warned disruptions caused by the Iran war and the closure of the Strait of Hormuz could cut current-quarter earnings per share by about 7 to 9 cents after beating first-quarter profit estimates. The Strait of Hormuz is a key global energy chokepoint, and the company said... Continue Reading →
Brazil Energy Insight 