A.P. Møller Holding A/S has acquired offshore vessel services firm Maersk Supply Service A/S from A.P. Møller – Mærsk A/S, through the closing of the previously announced transaction.In connection with the closing of this acquisition, A.P. Moller…
Harbour Energy on Wednesday stuck to its $1 billion free cash flow outlook for the year, despite a rise in tax bills, as the British North Sea oil and gas producer benefits from higher prices and more international projects. The Scottish firm said its liquidity was $3…
UK's union Unite said that 1200 offshore workers would resume 48-hour strike action starting Wednesday, in a dispute over jobs, pay and conditions in the offshore sector.The union said that the strike action would hit oil and gas operators including Apache…
Japan's Inpex posted a 61% surge in first-quarter net profit to 151.5 billion yen ($1.12 billion) as higher oil and gas sales coupled with a weaker yen boosted financials, it said on Wednesday, falling slightly short of the market expectations…
NKT, a company specializing in making and installing power cables, has appointed Claes Westerlind as President and CEO.'Claes has extensive experience from the power cable industry and in-depth knowledge of NKT’s high-voltage business, markets and technology…
U.S.-based offshore vessel owner Harvey Gulf International Marine has said that Philip Luongo, a New York native and graduate of the United States Merchant Marine Academy, has joined the company. After graduating Kings Point, Luongo upgraded his Unlimited U…
Relocating Shell's headquarters from London is not on Chief Executive Wael Sawan's priority list, he said on Thursday, as he focuses on narrowing the energy giant's share performance gap with U.S. rivals. Shares of Europe's top energy companies including Shell…
Mexican national oil company Pemex said on Wednesday its net profit almost halved in the first quarter to $3.15 billion, as weaker sales outweighed lower costs and currency gains from a stronger peso.In a securities filing, Pemex said profit declined from about $6…
Shell on Thursday posted first-quarter net profit of $9.65 billion, topping analysts' forecasts, as strong earnings from fuel trading offset cooling oil and gas prices. Shell kept its dividend unchanged at $0.2875 per share and also kept the…
Bluewater-backed CRC Evans, a company offering welding and coating services to the energy sector has appointed Luis Araujo, former CEO of Aker Solutions, as its Chairman to help drive its next growth phase.'The appointment comes after a transformational year for the business…
BP BP.L made a profit of $5 billion in the first quarter of 2023, up from the previous three months on the back of strong oil and gas trading, but the company's shares fell as it slowed a share buyback program.BP's results, which beat forecasts…
Offshore drilling contractor ARO Drilling, a 50/50 joint venture between Valaris and Saudi Aramco, has appointed Mohamed Hegazi as Chief Executive Officer.Hegazi previously served as Chief Executive Officer of TGT Diagnostics, a provider of…
Woodside Energy Group Ltd's WDS.AX shareholders on Friday supported its management pay report and re-election of directors despite a strong push by activist groups and some smaller investors upset over its climate report to reject the plans…
German chemicals group BASF on Thursday said it was working to exit energy business Wintershall Dea, with a stock market listing remaining the preferred option.CEO Martin Brudermueller also flagged a possible sale of the oil and gas producer to investors…
Jesper Kragh Andresen is stepping down as CEO of offshore accommodation firm Prosafe after more than 6 years in the position.He will continue with his current role until his successor is in place. Jesper Kragh Andresen said: 'It has been a privilege…
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