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13 Aug 26 |
Solstad Maritime signs Letter of Intent with a key client to contract the CSV Normand Cutter Solstad Maritime has signed a Letter of Intent with a key client to contract the CSV Normand Cutter. The vessel will support subsea operations in West Africa and as part of the contract, SOMA will deliver, with support from Omega Subsea AS, two work class ROVs (WROVs) with manning, as well as tooling, survey services, and project personnel. |
13 Aug 26 |
UK: New report reveals North Sea revenue drop off as firms flee EPL New data from the Government Expenditure and Revenue Scotland (Gers) report has revealed revenue from the North Sea has fallen £1.6billion in the space of two years. The figures show North Sea revenue has dropped off sharply from close to £5.5billion in 2023-24, to just under £4.5billion in 2024-25, and most recently to £3.9 billion in 2025-26. |
13 Aug 26 |
Mongolia: Petro Matad agrees 2026 Oil Sales Agreement with Petro Matad agrees 2026 Oil Sales Agreement with PetroChina for Block XX production and secures development rights to three utility-scale renewable energy projects, significantly expanding its portfolio in Mongolia. |
13 Aug 26 |
Saipem awarded an offshore contract in the Middle East worth approx. 1.8 billion USD Saipem has been awarded an offshore EPCI contract in the Middle East, valued at approx. 1.8 billion USD. The project will leverage Saipem’s proven regional track record in delivering pipeline and offshore infrastructure, supported by its regional vessels and advanced engineering capabilities. |
13 Aug 26 |
RWE delivers strong first-half results RWE achieved adjusted EBITDA of €3.0 billion in the first half of 2026, significantly exceeding the prior-year figure of €2.1 billion. Adjusted net income rose to €1.3 billion, up from €0.8 billion in the same period last year. Adjusted earnings per share increased to €1.77 from €1.08. The strong earnings growth was driven by robust operational performance across all segments. |
13 Aug 26 |
Orsted continues its strategic progress, delivers solid operational performance, and is on track to deliver on its 2026 financial guidance Ørsted’s Board of Directors have approved the interim financial report for the first half year 2026. Ørsted continued its strategic progress and made significant progress on construction projects across three continents. |
13 Aug 26 |
Iraq: Genel Energy announces operational update Genel Energy notes DNO’s announcement this morning, consistent with our comments at our half year results, reporting that drilling activities recommenced in April and production at the Tawke field restated on 28 June and at the Peshkabir field on 11 July. |
13 Aug 26 |
Archer Limited reports record quarter and EBITDA margin expansion Archer Limited reports record quarterly EBITDA of $44.9 million and a strong EBITDA margin of 17.1% for the second quarter of 2026, demonstrating continued earnings growth and margin expansion. EBITDA increased by 14% year over year, adjusted for the divested workover business in southern Argentina. Archer further strengthened its market position through significant contract awards and strategic investments in P&A technology. |
13 Aug 26 |
DNO reports record revenue as it chases new growth DNO, the Norwegian oil and gas operator, has reported record second quarter revenue of USD 761 million, up 21 percent quarter-on-quarter, as strong North Sea production sold at high commodity prices more than offset the impact of the production shutdown in the Kurdistan region of Iraq. Operating profit increased 55 percent quarter-on-quarter to USD 439 million, while net profit rose 65 percent to USD 83 million. |
11 Aug 26 |
Borr Drilling announces Q2 2026 results Borr Drilling has announced unaudited results for the three and six months ended June 30, 2026. Second Quarter total operating revenues of $232.3 million, a decrease of $14.7 million or 6% compared to the first quarter of 2026. Second Quarter net loss of $241.4 million compared to net loss of $29.0 million in the first quarter of 2026, primarily driven by a $176.3 million debt extinguishment charge related to the refinancing of senior secured notes due 2028 and 2030 and convertible bonds due 2028. |
11 Aug 26 |
Norway: Wood selected by Equinor to strengthen lifecycle data management Wood has been awarded a new contract by Equinor to provide lifecycle information (LCI) services across nearly 100 assets in Norway, including offshore installations, subsea sites and onshore plants, helping improve data quality, operational efficiency and decision making across the energy company’s asset portfolio. |
