Offshore Engineer Industry News News - page 623

 

Siemens Gamesa Lowers Earnings Outlook

Apr 30, 2021

Wind turbine maker Siemens Gamesa warned on Friday it could earn less this year than previously expected, trimming 700 million euros ($842 million) off the top end of previous revenue guidance.The leading producer of offshore generators now expects full year revenue of 10…

Beacon Offshore Contracts Claxton for Rigless P&A in the Gulf of Thailand

Apr 30, 2021

Claxton, the lead brand of Acteon's drilling and decommissioning business segment, said it has signed a master services agreement with Beacon Offshore for the severance and recovery of more than 100 subsea wells in the Gulf of Thailand.Sam Hanton…

Naftogaz Chief Pledges to Work with International Partners

Apr 30, 2021

Ukraine's state-run energy firm Naftogaz will continue to cooperate with international partners, new Chief Executive Yuriy Vitrenko said on Friday.The sacking of the previous Naftogaz head had prompted a warning from Ukraine's Western backers…

Eni Q1 Profits Miss Expectations

Apr 30, 2021

Italian energy group Eni is planning to spin off a minority stake in its new retail and renewable business next year, it said on Friday, after announcing first quarter profits that missed expectations.Several European energy companies, including Spain’s Repsol…

ExxonMobil Tops Earnings Estimates as Oil Prices Rebound

Apr 30, 2021

ExxonMobil Corp on Friday topped Wall Street quarterly earnings estimates and posted its first profit in five quarters, boosted by higher oil prices and strong chemicals margins.Exxon and rivals results this year have been rising with crude oil prices…

Total Returns to Pre-pandemic Profit Levels

Apr 29, 2021

French energy group Total SE posted first-quarter earnings on Thursday close to levels from before the coronavirus pandemic, as higher oil and gas prices boosted its trading business and it increased electricity production.The company, which…

Equinor's Q1 Profit Tops Forecast

Apr 29, 2021

Norway's Equinor raised its dividend and posted a bigger-than-expected rise in first-quarter operating profit on Thursday, boosted by higher oil and gas prices and massive one-off gains from its renewable energy business.The oil and gas company…

Petrobras Will Bid for Atapu and Sepia Oil Fields

Apr 29, 2021

Brazil's Petroleo Brasileiro SA will exercise its rights of first refusal and bid for the deepwater oil fields Sepia and Atapu, the company said in a filing.Petrobras, as the state-controlled producer is known, is aiming at a 30% stake in each field…

Shell Raises Its Dividend as Profits Surge

Apr 29, 2021

Royal Dutch Shell's profits leapt to $3.23 billion in the first three months of the year and the energy company raised its dividend as planned but warned that the outlook remained uncertain due to the coronavirus pandemic.Shell's adjusted earnings were above an average analyst forecast of $3…

Offshore Wind: Orsted Earnings, Shares Dented by Lower Wind Speeds, Cable Problems

Apr 29, 2021

Lower wind speeds and cable problems hit first-quarter earnings at Denmark's Orsted , sending shares in the world's biggest offshore wind farm developer lower on Thursday.Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 4…

AGR Secures Contract for Jade Prospect, Offshore China

Apr 28, 2021

Independent energy services company AGR said it has won a contract to assist with well planning and engineering on the Jade prospect in Block 29/11, offshore China.The contract, signed with oil and gas development company Empyrean Energy, will…

University of Aberdeen, Total, Launch Energy Transition Scholarships

Apr 28, 2021

Energy company Total is funding £46,400 in scholarships for Masters programs at the University of Aberdeen related to the energy transition.The scholarships—which begin in September this year and include one each across the University’s MSc…

Dogger Bank – Who's Who in the World's Largest Offshore Wind Project

Apr 28, 2021

Dogger Bank is not simply an offshore windfarm project, it is THE offshore windfarm project. Dogger Bank is an offshore wind farm site in the UK North Sea that will, once fully built, be the world's largest and most innovative. Here Offshore…

Sinopec Reports $2.9 Billion Q1 Net Profit

Apr 28, 2021

China Petroleum & Chemical Corp swung to a first-quarter profit from a loss a year earlier, with net income reaching 18.54 billion yuan ($2.86 billion), amid a recovery in global oil prices and robust demand for refined oil products.Asia's top oil refiner…

Hess Corp Swings to Quarterly Profit

Apr 28, 2021

U.S. oil producer Hess Corp on Wednesday swung to a profit in the first quarter despite lower production, as a winter storm boosted demand for natural gas, while steady COVID-19 vaccine rollouts aided a recovery in oil prices.Global crude prices…

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