Tidewater has announced that its net income for the 12 months ended December 31, 2024 was $180.7 million, compared to $97.2 million for the previous year.The company’s revenue for the three and 12 months ended December 31, 2024 of $345.1 million and $1…
Belgian offshore installation contractor Jan De Nul has secured a contract for the installation of monopiles for 72 offshore wind turbines that will make up the 1.1 GW Inch Cape offshore wind farm in Scotland.Inch Cape offshore wind farm, being…
Dutch offshore contractor Marine Masters has secured work on an offshore installation project for the greenfield Bhasker A & B platforms, designed and constructed by Indian energy company SunPetro.The project, managed by main installation contractor…
Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has signed new vessel contracts and extended the previous ones, securing $21 million, as well as additional $21.7 million for the option period.GEOS concluded a firm…
Talos Energy has announced its fourth quarter and year-end 2024 financial results, reporting a net loss of $64.5 million for the quarter and $76.4 million for the year.Production for the year was 92.6 MBoe/d (71% oil, 80% liquids).Talos Interim CEO…
Seadrill has announced its fourth quarter and full year 2024 results, highlighting a net income of $446 million and Adjusted EBITDA of $378 million in 2024.However, fourth quarter 2024 operating revenues totaled $289 million, compared to $354 million in the prior quarter…
North Star and its shipbuilding partner Cochin Shipyard have cut first steel on EnBW’s new hybrid-electric service operations vessel (SOV), which is on decade-long minimum charter to service the He Dreiht wind farm off the coast of Germany from the end of 2026…
Energy company Saipem’s performance in 2024 confirms, for the third consecutive year, a trajectory of growth and margin recovery for the group, as well as an acceleration in cash flow generation and the strengthening of the company’s balance sheet…
Trinidad and Tobago plans to ask U.S. President Donald Trump's administration to extend a license for Shell and Trinidad's National Gas Company to develop a key gas project in Venezuela, four sources close to the preparations said.The U.S. license…
Nigeria's state oil firm NNPC announced a joint venture with Swedish tanker giant Stena Bulk and Nigerian offshore logistics leader Caverton Marine to overhaul maritime transportation in West Africa.The newly formed company will streamline crude oil…
Global demand for liquefied natural gas is estimated to rise by around 60% by 2040, driven largely by economic growth in Asia, AI impact and efforts to cut emissions in heavy industries and transportation, Shell said in an annual report on Tuesday…
Orkney-based marine services firm Green Marine UK has announced a seven-figure capital investment in a new Subsea Services Department targeting the U.K.’s offshore wind sector.The company expansion, boosted by financial backing from HIE (Highlands and Islands Enterprise)…
Australian oil and gas major Woodside Energy reported its smallest annual underlying profit in three years on Tuesday, hurt by lower realised prices, but maintained its 2025 output forecast on expectations of strong demand for liquefied natural gas…
Guyana's government expects a consortium led by U.S. oil major Exxon Mobil to brief officials by the end of March on plans to develop offshore gas, the country's vice president told Reuters.'They said: 'by end March, we will tell you what we will do…
Germany-based Bernhard Schulte Offshore (BS Offshore) and Ulstein Verft have launched a new Commissioning Service Operation Vessel (CSOV), the Yno 320.The launch followed an extensive outfitting phase that included the installation of electrical and mechanical systems…
