Exxon Mobil Corp doubled its first-quarter per-share profit, it said on Friday, but the results fell short of Wall Street estimates, even excluding a $3.4 billion writedown from its withdrawal from Russia.The top U.S. oil producer tripled its buyback program…
Chevron Corp's first-quarter profit nearly quadrupled from the same period a year ago, easily surpassing Wall Street's forecasts as oil and gas prices surged following Russia's invasion of Ukraine.The second-largest U.S. oil producer on Friday posted adjusted earnings of $6…
U.S.-based Great Lakes Dredge & Dock Company (GLDD) has ordered rock installation equipment from the Dutch company Huisman.The equipment will be installed on the GLDD's newbuild rock installation vessel, which will support the development of offshore wind in the U…
The Biden administration on Wednesday identified new areas for potential offshore wind development off the coasts of Oregon and several central Atlantic states, its latest step toward bolstering the nascent U.S. industry.Offshore wind is a key…
Norwegian offshore seismic survey company Magseis Fairfield has secured more work in the U.S. Gulf of Mexico.Following the original 4D Ocean Bottom Node (OBN) survey in the US Gulf of Mexico, announced in November 2021, the company's client has now exercised an extension…
U.S. oil and gas producer Hess Corp reported a 65% rise in first-quarter profit on Wednesday, helped by a jump in energy prices due to Russia's invasion of Ukraine.Oil prices hit multi-year records during the quarter as the conflict in Ukraine led to sanctions against Russia…
Offshore drilling contractor Transocean said Monday it had recently secured offshore drilling contracts worth $87.2 million in total.In its quarterly fleet status report, the company said it had won contracts for Development Driller III, Discoverer Inspiration…
U.S.-based offshore wind crew transfer vessel company WINDEA CTV has started construction of three 30-meter hybrid-ready CTVs. Two of the Incat Crowther-designed CTVs will be constructed at St. Johns Ship Building in Palatka, Fla. and one will be built at Gulf Craft in Franklin…
Louisiana-based offshore support vessel owner Guice Offshore (GO) has expanded its fleet with three new vessels, including another 170 ft. DP1 multi-purpose vessel and two 205 ft. DP2 platform support vessels.The vessels will operate as GO Explorer (170 ft…
Offshore drilling company Seadrill has secured contracts for two of its drilling rigs, the West Neptune and the Sevan Louisiana in the U.S. Gulf of Mexico. The contracts are worth $105 million in total.The West Neptune, a 6th generation ultra-deepwater drillship…
Edison Chouest Offshore's affiliate C-Innovation has, through its C-Survey (C-S) division, brought its remote survey operations to the Gulf of Mexico for the first time, after two years of successful operation in Guyana.According to C-Innovation…
Top oilfield services firm Schlumberger reported a higher first-quarter profit on Friday and increased its dividend by 40%, as rising oil prices boosted demand for services and equipment.Oil prices climbed to their highest in more than a decade…
Soaring demand for U.S. liquefied natural gas (LNG) as buyers steer clear of Russian fuel is putting some long-stalled U.S. export projects back on track. But rising costs for materials and labor threaten to snarl these plants once again.Two developers with projects sidelined due to the U…
Dutch offshore gangway supplier Ampelmann has secured its first contract in the U.S. offshore wind market.Under the contract, Ampelmann will supply its E1000 motion compensated system to the marine transportation and towing company Otto Candies…
Oilfield services firm Halliburton posted an 85% rise in first-quarter adjusted profit on Tuesday as a rally in crude prices boosted demand for its services and equipment.Crude futures climbed to their highest level in more than a decade during…
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