Latest News
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30 Apr 25
Valaris reports Q1 2025 results
Valaris has reported first quarter 2025 results. The Company reports total operating revenues of $621 million, with revenue efficiency of 96%; Net loss of $39 million, inclusive of $167 million of discrete tax expense; Adjusted EBITDA of $181 million. -
30 Apr 25
Norway: SLB announces progress with Norwegian Competition Authority on ChampionX acquisition
SLB has announced that it expects to finalize proceedings with the Norwegian Competition Authority (NCA) in connection with the ChampionX acquisition, concluding the NCA’s Phase 2 review. -
30 Apr 25
Wood announces suspension of listing and trading of shares
On 31 March 2025, Wood announced that, given the timing of the conclusion of the independent review commissioned by Wood and the extensive work needed to conclude the audit for the year ended 31 December 2024 ('FY24'), it was expected that the Company would not publish its FY24 accounts by 30 April 2025. Wood thas confirmed that there will be a delay in publishing its FY24 accounts beyond the required deadline of 30 April 2025. -
30 Apr 25
US: SBM Offshore signs installation contract for bp’s Kaskida project in US Gulf
SBM Offshore has signed a contract with BP Exploration and Production Inc (bp) for the wet tow and installation of the Kaskida semi-submersible Floating Production Unit (FPU). The Kaskida field is a greenfield Paleogene development located approx. 250 miles southwest of New Orleans, in the Keathley Canyon area in the deepwater US Gulf. -
30 Apr 25
China: CNOOC Limited achieves steady production growth and stable profit in Q1 2025
CNOOC Limited has announced its operating results for the first quarter of 2025. In the first quarter, net production grew steadily, while its cost advantage continued to consolidate, demonstrating profitability resilience faced with oil price changes. -
30 Apr 25
Norwegian Offshore Directorate - Annual report: Helping develop the Norwegian shelf
The annual report outlines how the Norwegian Offshore Directorate carried out its tasks and its civic mission last year. 2024 was characterised by a global landscape fraught with political unrest and conflict. There was a great demand for energy in Europe due to the sharp reduction in imports from Russia. -
30 Apr 25
Hess reports estimated results for Q1 2025
Net income was $430 million compared with $972 million in the first quarter of 2024; adjusted net income in the first quarter of 2025 was $559 million. Oil and gas net production was 476,000 barrels of oil equivalent per day (boepd) in the first quarter of both 2025 and 2024. E&P capital and exploratory expenditures were $1,085 million, compared with $927 million in the prior-year quarter -
30 Apr 25
Namibia: Pancontinental initiates farmout process to secure a JV partner to fund exploration drilling within PEL 87, offshore Namibia
Pancontinental has initiated a farmout process to secure a joint venture partner to fund exploration drilling within PEL 87, offshore Namibia, at the earliest opportunity. The licence contains The Saturn Complex, comprising two main prospects and six additional leads. -
30 Apr 25
Mexico: Woodside's Trion development on track for first oil in 2028
The Trion project off the Mexican coast is charging ahead as it targets first oil in 2028, with all major contracts awarded and key regulatory steps completed. -
30 Apr 25
US: Woodside signs gas supply agreement for Louisiana LNG
Woodside has signed an agreement with bp for the integrated energy major to supply natural gas to the Louisiana LNG project. Under the agreement, Louisiana LNG Gas Management LLC (GasCo) has committed to purchase on a long-term basis up to 640 billion cubic feet of gas from bp for an ultimate delivery to Line 200 beginning in 2029. -
30 Apr 25
TotalEnergies has announced its Q1 2025 results
TotalEnergies has announced its Q1 2025 results. In a price environment globally similar to the fourth quarter 2024, TotalEnergies delivered strong results in the first quarter 2025 that are in line with the positive results of the fourth quarter 2024, reporting $4.2 billion of adjusted net income and $7.0 billion of CFFO. -
30 Apr 25
Brazil: Solstad Offshore announces multiple contract awards with Petrobras
Solstad Offshore has announced multiple contract awards with Petrobras, subject to board approval, for two large Anchor Handling Tug Supply (AHTS) vessels and one Construction Support Vessel (CSV). -
30 Apr 25
Denmark: RWE installs first foundation at Thor offshore wind farm
RWE has taken an important step in the construction of the 1.1 gigawatt (GW) Thor offshore wind farm in the Danish North Sea: the first of 72 monopile foundations has been successfully installed. -
30 Apr 25
Belgium: Vioneo appoints Wood to design world’s first industrial scale fossil-free plastics facility
Vioneo has awarded Wood, a global leader in consulting and engineering, a multi-million dollar FEED contract to deliver the front-end engineering design for its revolutionary plant which will produce fossil-free plastics using green methanol. Based in Antwerp, Belgium, the renewably powered and energy efficient plant will be the first facility in the world capable of achieving this at industrial scale. -
30 Apr 25
US: Helium One Global announces Jackson-27 flow test results and gas analysis update
Helium One Global, the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA, has provided an update following the Blue Star Helium announcement issued today regarding the Galactica Project. -
30 Apr 25
US: Helium One announces spudding of Jackson-2 development well at the Galactica helium project
Helium One Global, the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA, has provided an update following the Blue Star Helium announcement issued today regarding the Galactica Project. -
30 Apr 25
US: Zephyr Energy announces Paradox project update
Zephyr Energy has announced that the ongoing production test on the State 36-2 LNW-CC-R well, at its project in the Paradox Basin, Utah, U.S., is expected to conclude in the coming days with initial test results available shortly thereafter. -
30 Apr 25
Equinor announces first quarter 2025 results
Equinor delivered adjusted operating income of USD 8.65 billion and USD 2.25 billion after tax in the first quarter of 2025. Equinor reported net operating income of USD 8.87 billion and net income at USD 2.63 billion. Adjusted net income was USD 1.79 billion, leading to adjusted earnings per share of USD 0.66. -
30 Apr 25
Aker Solutions announces first quarter results
Aker Solutions has delivered high revenue growth and a strong order intake in the first quarter of 2025. The company continues to have a solid order backlog and high tender activity.
