Industry News
Prosafe SE: Safe Concordia charter extended in the US Gulf of Mexico
With reference to the public disclosure dated 13 October 2022, the charterer of the Safe Concordia has exercised early the first 4 months of 6 available months of options. The fixed term of the contract is now through to 09 November 2024.The total value of the...
Baker Hughes Achieves New Hydrogen Milestones to Accelerate Transition to Hydrogen Economy
New hydrogen testing facility at Florence, Italy, manufacturing site unveiled as part of the company’s strategy to further support the deployment of hydrogen-ready technologies, such as the optimized NovaLT™16 turbine delivered to Air Products’ Net-Zero Hydrogen...
Falcon Oil & Gas Ltd. – Commencement of Initial Production Testing at Shenandoah South 1H
Falcon Oil & Gas Ltd.(“Falcon”) Commencement of Initial Production Testing at Shenandoah South 1H 29 January 2024 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the commencement of the 30-day initial production (IP30) testing at the...
PEL 83 Exploration Campaign Update – Second Significant Light Oil Discovery at Mopane-1X
Map of Region Map of Region TORONTO, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) (“Sintana” or the “Company”) is pleased to provide the following update regarding the ongoing exploration campaign on blocks 2813A and 2814B located...
Ring Energy to Present at the Microcap Conference
THE WOODLANDS, Texas, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that Paul D. McKinney, Chairman and Chief Executive Officer, will present and host one-on-one meetings with investors during the...
Equinor to take full ownership in Empire Wind through a swap transaction with bp in the US
Equinor (OSE: EQNR, NYSE: EQNR) has entered into a swap transaction with bp, under which Equinor will take full ownership of the Empire Wind lease and projects and bp will take full ownership of the Beacon Wind lease and projects. Under the agreement, Equinor will...
SBM Offshore announces CEO departure and succession
Highlights Bruno Chabas decides not to seek a 4th mandate as CEO of SBM Offshore Øivind Tangen to be appointed as successor at the end of the AGM, 12th April 2024...
Sunrun Multifamily Rooftop Solar Installation Cuts Energy Bills for 100 Low-Income Homes
New solar project at St. Mary’s Gardens will offset two-thirds of affordable housing community’s energy usage, providing residents with clean energy and immediate monthly savings Ensuring Access to Clean Energy for All Californians In attendance at the ribbon-cutting...
CGG and Trinidad-Tobago Sign Multi-Client Reimaging Program Agreement
Paris, France – January 24, 2024 CGG has announced the signature of an agreement with the Ministry of Energy and Energy Industries of Trinidad and Tobago to reimage vintage 3D seismic data from blocks 25a, 25b, 26, and 27 offshore Trinidad. Located in the...
Baker Hughes Announces Fourth-Quarter and Full-Year 2023 Results
Fourth-quarter highlights IET orders of $3,030 million, the fifth consecutive quarter above $3 billion.Net income attributable to the Company of $439 million, up $257 million year-over-year.GAAP diluted EPS of $0.43 and adjusted diluted EPS* of $0.51.Adjusted EBITDA*...