Reach thousands of offshore professionals!

Find new clients with Offshore Energy Today!

Tamarind subsidiary goes into voluntary administration

The New Zealand subsidiary of Malaysia's energy company Tamarind Resources has gone into voluntary administration ...

read more →

First steel cut for Awilco's newbuild rig

Offshore drilling contractor Awilco Drilling has said that the first steel has been cut for its second rig under ...

read more →

EU approves Saudi Aramco and Hyundai Heavy joint venture

The European Commission has approved the creation of a joint venture between subsidiaries of oil giant Saudi Aramco ...

read more →

Kosmos Energy appoints new board member

Oil and gas company Kosmos Energy has named a new member of its board of directors.

read more →

Standard Drilling bounces back to black

Norwegian offshore vessel owner Standard Drilling has reported an operating profit in the third quarter of 2019 ...

read more →

Vantage revenues fall as deepwater rig utilization drops

Vantage Drilling recorded a decrease in quarterly revenues as its deepwater rig utilization dropped in the third ...

read more →

MMA closes Neptune takeover

Australian offshore support vessel company MMA Offshore has completed the acquisition of the business of Neptune ...

read more →

Subsea 7 profit, revenues down on lower pricing and activity

Subsea 7 saw a decrease in revenues in the third quarter of 2019 due to lower activity levels in the Renewables and ...

read more →

Pacific Drilling finds work for two drillships

Offshore drilling contractor Pacific Drilling has secured more work for a drillship working in the Gulf of Mexico ...

read more →

Borr Drilling CFO to step down

The chief financial officer of offshore drilling rig contractor Borr Drilling has decided to step down.

read more →

Former TGS CEO becomes Shearwater chairman

Norway's seismic vessel fleet owner Shearwater GeoServices has named a new chairman of the company’s board of directors.

read more →

CGG's 3Q net income at $41 million

French marine seismic company CGG reported Group net income of $41 million for the first quarter of 2019, compared ...

read more →

Prosafe not giving up on Floatel merger

Offshore accommodation specialist Prosafe will not give up on its proposed merger with rival Floatel following ...

read more →

Polarcus returns to profit

Seismic services provider Polarcus returned to profit in the third quarter of 2019 on the back of improved pricing ...

read more →

New CFO elected at McDermott

McDermott has appointed Chris Krummel as Executive Vice President, Chief Financial Officer, effective immediately.

read more →

Impairments drag McDermott into the red

McDermott reported a loss for the third quarter of 2019 compared to a profit in the same period last year mostly ...

read more →

No oil at Kosmos' Moneypenny well in Gulf of Mexico

Kosmos Energy has failed to find oil at its Moneypenny prospect in the U.S. Gulf of Mexico.

read more →

Cash offer ahead for Singapore's POSH

Quetzal Capital has announced a voluntary conditional cash offer for all of the issued and outstanding ordinary ...

read more →

Bristow emerges from Chapter 11 bankruptcy

Offshore helicopter operator Bristow Group has emerged from Chapter 11 bankruptcy protection.

read more →

ExxonMobil sees profit fall 49% on lower oil prices

Liza Destiny FPSO on its way to ExxonMobil's Liza field in offshore Guyana; Source: Hess

Exxon's production grew three percent from the third quarter of 2018 to 3.9 million barrels per day.

read more →

Chevron profit down on lower oil and gas prices

Oil major Chevron saw its profit and revenues drop in the third quarter of the year when compared to the last ...

read more →

Solstad agrees extended suspension of payments

Norwegian offshore vessel owner Solstad Offshore (SOFF) needs more time to complete its restructuring and has ...

read more →

Falkland Islands: Argos Resources seeking drilling partner

The Falklands Islands government has extended the term of Argos Resources’ offshore license PL001 by 18 months, ...

read more →

Repsol 3Q profit falls. Oil production rises

Spanish oil company Repsol reported a drop in 3Q 2019 profit. Net profit for the quarter was 333 million euros, a ...

read more →

Shell 3Q CCS earnings dip 15%

Oil and gas giant Shell reported a 15 percent drop in the current cost of supply earnings (CCS) in the third ...

read more →

Orders lift Baker Hughes profit in 3Q

Oilfield services provider Baker Hughes reported a rise in its third quarter 2019 profit as its orders grew by 35 ...

read more →

Total profit tumbles due to lower prices

Total's Culzean field in the UK North Sea

French oil major Total recorded a decrease in its 3Q 2019 profit affected by lower oil and gas prices despite an ...

read more →