Siem Offshore braces for prolonged downturn

Siem Sapphire

Norwegian offshore and subsea shipping company Siem Offshore believes that overall rate levels will remain volatile ...

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Ensco revenues hit by lower utilization, dayrate decline

Offshore driller Ensco managed to take the edge off some of its quarterly loss but remained in the red ahead of its ...

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Subsea 7 profit drops in 4Q

Seven Rio

Subsea 7 recorded a decrease in profit during the fourth quarter 2018, but the company believes offshore activity ...

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Rowan slumps to loss in 4Q

Rowan Companies sank to a loss in the fourth quarter of 2018 from a profit in the year-before period. The driller ...

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Polarcus halves quarterly loss driven by high utilization

Polarcus two vessels

Seismic services player Polarcus halved its quarterly loss and boosted revenues driven by highest ever vessel ...

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SeaBird cuts losses in fourth quarter

SeaBird Exploration increased its revenues during the last quarter of 2018 and managed to cut its losses compared ...

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Seadrill sees improvement in offshore drilling market

Offshore drilling contractor Seadrill is seeing continuous signs of improvement in offshore drilling market with ...

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Stapem Offshore acquires ROV services company

Marine, subsea, and maintenance services company Stapem Offshore has expanded with the acquisition of ROV services ...

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Beach Energy adds two new directors to its board

Australia's Beach Energy has made two new additions to the company’s board of directors, effective from February ...

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McDermott posts $2.8B loss due to impairment charges

McDermott International reported a large loss for the fourth quarter of 2018 due to a $2.2 billion impairment.

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Kosmos looking to sell some interest in Tortue Ahmeyim field

Oil and gas company Kosmos Energy is planning to sell a portion of its interest in the large Tortue Ahmeyim gas ...

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RockRose to buy Marathon Oil's UK business

RockRose has signed a share purchase agreement to acquire 100% of Marathon Oil's UK businesses.

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Wintershall to name new Argentina managing director

A new managing director of Wintershall’s Argentinian entity will be named after the closing of the merger between ...

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Equinor saw 29 pct increase in gas sales in 2018

Norwegian state-owned giant Equinor sold natural gas for around $26 billion in total in 2018, an increase of 29 ...

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Wintershall and DEA to axe 1,000 jobs after closing merger

Following the closure, the new entity, Wintershall DEA, plans to increase production by 40% by early 2020 and ...

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Noble Corp. slips deeper into the red

Noble Lloyd Noble jack-up rig

Offshore driller Noble Corporation slipped further into the red during the fourth quarter of 2018 as its revenues ...

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Boskalis buys majority stake UAE-based services provider

Royal Boskalis Westminster has acquired a 62.5% majority stake in the Horizon Group from the United Arab Emirates.

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Helix Energy swings to loss in 4Q

Helix Energy Solutions sank to the red in the last quarter of 2018 from a profit in the same period of 2017. 

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Former COSL man joins OPITO as director

Global standards and workforce development organization OPITO has named has appointed a new director of the company.

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McDermott, Nakilat in offshore construction JV

Offshore construction and installation specialist McDermott will team up with Qatar's Nakilat to provide offshore ...

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Ensco, Rowan get UK clearance for merger

Offshore drilling company Ensco and its rival Rowan Companies have received approval from the UK competition ...

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Kosmos picks new chief exploration officer

Chief exploration officer and founding partner of offshore oil and gas explorer Kosmos Energy has decided to retire ...

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Eni's adjusted 4Q profit up 55pct. Full year output soars

Italian oil company Eni posted a 55 rise in adjusted net profit €1.46 billion in the fourth quarter of 2018, ...

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GMS chooses new CFO and non-executive director

UAE-based Gulf Marine Services has named a new chief financial officer and a non-executive director.

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Bristow calls off Columbia merger plan

Houston-based offshore helicopter operator Bristow Group and Columbia Helicopters have mutually agreed to terminate ...

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New CTO role at Proserv

Energy services company Proserv has promoted a new chief technology officer of Subsea Controls.

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MHWirth elects new chairman and CEO

Norwegian oil service investment company Akastor has appointed a new executive chairman and chief executive officer ...

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