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Repsol Flags Big Spending Increase as Profit Beats Forecasts

Feb 16, 2023

Spain's Repsol said on Thursday its fourth-quarter adjusted net profit more than doubled, helped by high oil and gas prices, and flagged a big increase in capital spending for this year. Its fourth-quarter profit surged to 2.01 billion euros ($2鈥

Unite Members on Ithaca's FPF-1 and TAQA Platforms Balloted for Strike Action

Feb 15, 2023

UK-based workers' union Unite said Tuesday that offshore workers employed by Petrofac on the FPF1 platform and the Wood Group UK Limited on TAQA platforms were being balloted for strike action.Unite said that the latest offshore disputes were鈥

UK North Sea: Over 700 Bilfinger Workers Balloted for Strike in Pay Dispute

Feb 13, 2023

About forty offshore installations in the UK North Sea could be affected by strike action by Bilfinger workers beginning in early April 2023, over a pay dispute.Unite the union, a workers' rights union in the UK, said Friday that more than 700鈥

Ex-Maersk Drilling Director to Become Scana CCO

Feb 13, 2023

Espen Thomassen - ©ScanaOslo-listed maritime and offshore services provider Scana has appointed Espen Thomassen as the chief commercial officer.He comes from the role of Director, Head of Commercial - Norway in legacy Maersk Drilling, now Noble Corp鈥

Portugal's Galp Posts Record Profit in 2022

Feb 13, 2023

Portuguese oil and gas company Galp Energia on Monday reported a record adjusted net profit for 2022, due to soaring oil prices and wider refining margins in the fourth quarter. Galp said its adjusted profit almost doubled to 881 million euros ($940鈥

云顶赌场老虎机 Workers' Strike Could Affect Over 30 Platforms in UK

Feb 10, 2023

UK-based workers' union Unite said Friday that some 300 Stork construction members would be balloted on strike action on over 30 offshore installations in the UK Continental Shelf (UKCS), potentially affecting operators such as EnQuest, Repsol鈥

Indonesia: MedcoEnergi Boosts Capex by Nearly 50%

Feb 09, 2023

Indonesian energy company Medco Energi Internasional MEDC.JK (MedcoEnergi) will raise its capital expenditure by nearly 50% to about $370 million this year, with a bigger portion allocated to oil and gas development, a company director said on Thursday鈥

Inpex Forecasts 38% Drop in Net Income for 2023

Feb 09, 2023

Japan's Inpex on Thursday forecast a 38% fall in net income to 270 billion yen ($2 billion) and a 19% fall in sales to 1.9 trillion yen this year, hit by lower oil prices and a stronger yen. The country's top exploration and production company鈥

Big Oil Doubles Profits in Blockbuster 2022

Feb 08, 2023

Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile energy prices where Russia's invasion of Ukraine reshaped global energy markets and, in some cases, the industry's climate ambitions鈥

TotalEnergies Net Profit Doubles to Record $36.2B in 2022

Feb 08, 2023

French oil major TotalEnergies posted a record net profit of $36.2 billion in 2022, double the previous year, joining in the sector's bumper earnings thanks to higher oil and gas prices since Russia invaded Ukraine.TotalEnergies' fourth-quarter adjusted net income was $7鈥

Equinor Reports Record Profit for 2022

Feb 08, 2023

Equinor on Wednesday posted a record $74.9 billion adjusted operating profit for 2022, more than double its previous record thanks to soaring gas prices and with fourth-quarter results beating analysts' expectations.The oil and gas producer's鈥

James Fisher Names New Head of Energy Division

Feb 07, 2023

云顶赌场老虎机 services firm James Fisher and Sons has appointed Neil Sims as its new Head of Energy. Sims will report to Chief Executive Officer, Jean Vernet, as part of the James Fisher executive team.Sims joins James Fisher from Expro, where he鈥

Ex-Anadarko President Joins TechnipFMC Board

Feb 03, 2023

Oilfield services firm TechnipFMC said earlier this week that it had appointed Robert G. Gwin, former President of Anadarko Petroleum Corporation, to its Board of Directors.Gwin was President of Anadarko Petroleum Corporation (鈥淎nadarko鈥), one鈥

Capricorn to Review Business after Shareholders Back New Directors

Feb 02, 2023

Capricorn Energy shareholders on Wednesday voted in favor of six new directors proposed by activist shareholder Palliser, and the British oil and gas company said the new board would conduct a strategic review of its businesses.The shareholder vote comes days after five directors鈥

Shell Posts Record $40 Billion Annual Profit

Feb 02, 2023

Shell delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices after Russia's invasion of Ukraine allowed it to hand shareholders unprecedented returns. The British company's record earnings鈥

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