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Transocean books quarterly loss

Transocean has booked a loss for the last quarter of 2019 as its revenues increased. The company has reduced the ...

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Santos' organizational changes no threat to jobs

Australian natural gas company Santos has decided to keep its corporate center in Adelaide and create centers of ...

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TGS promotes EVP Europe to CFO role

Norwegian seismic firm TGS has appointed a new chief financial officer (CFO) of the company.

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HitecVision bundles O&G firms to expand into other sectors

Norwegian investment firm HitecVision has decided to put together 20 of its oilfield service companies into a new ...

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Kvaerner profit dips despite higher revenues

Kvaerner saw its profit drop in the last quarter of 2019 compared to the prior-year period despite increase in revenues. 

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Prosafe and Floatel give up on merger plans

Prosafe and Floatel have decided to abandon their merger plans amid financial uncertainty and regulatory objections. 

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Creditors vote in favor of Premier's North Sea deal

Premier Oil has gained approval from the majority of its creditors for the schemes of arrangement required for the ...

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BP plans to reach net zero by 2050

Oil major BP has set a new ambition to become a net zero company by 2050 or sooner, and to help the world get to ...

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Aker BP profit jumps on record output

Aker BP increased its quarterly profit as its total income went over $1 billion lifted by record high production. 

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TechnipFMC prepares for $2.4B impairment charge

Oilfield services provider TechnipFMC expects $2.4 billion of non-cash asset impairment charges to impact its ...

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Harvey Gulf CEO to stay on until 2027

U.S.-based marine transportation company Harvey Gulf has signed an agreement with its chief executive officer (CEO) ...

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Diamond secures over $50M backlog

Ocean Patriot

Diamond Offshore has been awarded a contract extension for one of its semi-submersible rigs. During the fourth ...

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Ithaca to set up infrastructure company for North Sea assets

Israel's Delek Group has said that its subsidiary Ithaca Energy has made a deal with an investment firm to set up a ...

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Mermaid Maritime targets North Sea market

Thailand's offshore vessel operator Mermaid Maritime has incorporated a subsidiary in the UK with an intention to ...

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Unique Group expands in Australia with new acquisition

Unique Group has announced the acquisition of the Australian-company Western Advance’s Marine Division and ...

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Aker Solutions books loss despite higher revenues

Aker Solutions sank to a quarterly loss despite a 6% increase in revenues, but the company expects an increase in ...

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Total boosts profit despite lower price environment

French oil major Total  booked an increase in quarterly profit despite a lower price environment as its production ...

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Equinor slips to loss due to impairment charges

Equinor's financial performance in 4Q 2019 was impacted by lower oil and gas prices and impairments despite record ...

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Kaefer buys Wood's industrial services business

Energy services company John Wood Group has sold its industrial services business to technical services provider ...

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Higher expenses drag Maersk Drilling into the red

Danish offshore driller Maersk Drilling recorded a net loss in 2019 and a decrease in revenues due to lower ...

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Melbana Energy's takeover bid for Metgasco fails

Oil and gas exploration company Melbana Energy has been unsuccessful in taking over compatriot ASX-listed oil and ...

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Uptime to provide access solution for Tortue Ahmeyim project

Norway's Uptime International has been awarded a contract from Eiffage Génie Civil Marine for the supply of access ...

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Lower prices curb ConocoPhillips profit

ConocoPhillips posted a smaller profit for the fourth quarter of 2019 compared to the prior-year period due to ...

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BP profit down on weaker oil and gas prices

Oil major BP saw its quarterly profit drop amid weaker environment despite higher production during the period. 

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Ocean Infinity forms Armada to operate marine robot fleet

Ocean Infinity, a seabed survey and ocean exploration company, has launched of a new pioneering marine technology ...

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Worley CEO set for retirement

The chief executive officer (CEO) of Australian engineering company Worley has decided to retire. The company named ...

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Ithaca mulls options for potential IPO

Ithaca Energy, a subsidiary of Israel’s Delek Group, is exploring options to optimize its capital structure, ...

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