Maersk Supply growing in Aberdeen

OSV owner working on becoming more than just a vessel supplier.

VBMS, Dockwise, and Fairmount now named Boskalis

Boskalis has presented its integrated service portfolio for the offshore energy market under one single brand name.

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Rowan posts 1Q loss of $112.3M

U.S. offshore rig owner Rowan sees the market conditions improving in the shallow water drilling segment, ...

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BP's 1Q profit soars. Production up 9 pct

British oil firm BP reported a significant spike in 1Q 2018 profit, coming out of the quarter with an income of ...

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Diamond Offshore profit drops in 1Q

Houston-based driller Diamond Offshore saw a decrease in quarterly profit and revenues.

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Chevron earnings up on higher output, prices

U.S. energy giant Chevron recorded an increase in its first quarter earnings on the back of growing production, ...

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ExxonMobil posts higher profit, revenues

ExxonMobil posted a higher profit and revenues for the first quarter of  2018 while its production was down ...

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NYSE to delist Erin Energy shares following chapter 11

Erin Energy will be appealing a decision made by the New York Stock Exchange to delist its shares from trading, ...

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Aker Solutions profit jumps amid signs of market rebound

Norwegian oil services company Aker Solutions saw an increase in its quarterly profit and revenues amid signs of a ...

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Statoil in top management shakeup ahead of name change

Statoil is making changes in its corporate executive committee (CEC) and structure ahead of its name change to ...

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Ensco books bigger loss

UK driller Ensco saw its net loss deepen over the first quarter 2018 with its revenues down lower rig utilization. 

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More red ink for FOE

Fred. Olsen Energy (FOE) booked a bigger loss in the first quarter of 2018 as its revenues fell compared to the ...

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Higher oil prices boost ConocoPhillips profit

ConocoPhillips recorded an increase in earnings in the first quarter of 2018 on the back of higher oil and gas ...

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Erin Energy files for Chapter 11

Erin Energy and certain of its subsidiaries have filed voluntary petitions under Chapter 11 of the U.S. Code in the ...

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Subsea 7 slips into the red

Subsea 7 sank to a loss during the first quarter of 2018 due to lower activity levels and foreign currency loss as ...

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Ex-Statoil boss Lund to become BP chairman

Oil major BP has appointed the former CEO of Norwegian oil major Statoil as the company’s new chairman of the board.

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Total's adjusted profit up by 13 pct

Total saw its net profit fall by 7 percent for the first quarter of the year. However, in adjusted terms, Total's ...

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Shell profit soars in first quarter

Oil major Shell saw its first quarter profit soar underpinned by higher oil and gas prices. 

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Hess cuts losses

U.S. oil company Hess Corporation managed to significantly narrow its quarterly loss helped by higher crude prices ...

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McDermott stays adamant as Subsea 7 insists on takeover

Undeterred by recent rejection, the UK-based subsea engineering company Subsea 7 on Wednesday reaffirmed its ...

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Sembcorp Marine profit plunges

Singapore’s offshore rig builder Sembcorp Marine saw its quarterly profit dive on absence of one-off gain ...

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Heerema to axe 350 jobs following pipelay exit

Heerema Marine Contractors (HMC) will discontinue its offshore pipelay activities as a further step in its ...

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Kvaerner boosts quarterly profit and revenues

Kvaerner recorded an increase in its profit as well as revenues for the first quarter of the year when compared to ...

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Statoil profit rises on higher oil and gas prices

Higher oil and gas prices and increased production helped the Norwegian oil and gas major Statoil, soon to be ...

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Ex-Subsea 7 man to take CEO role at DeepOcean

Offshore services provider DeepOcean has chosen a new chief executive officer (CEO) of the company.

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Apache's executive VP to retire

Apache Corporation’s executive vice president of corporate reservoir engineering has decided to retire.

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McDermott posts higher profit and revenues

Houston-based EPCI contractor McDermott recorded an increase in both profit and revenues for the first quarter of 2018.

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Helix Energy narrows quarterly loss

Helix Energy Solutions narrowed its net loss as its revenues grew during the first quarter of the year. 

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