Baker Hughes Q4 Earnings Soar, But Miss Analyst Expectations
Baker Hughes earnings per share jump 46% over Q3, but analysts were disappointed they weren’t as high as they expected.
Sembcorp Marine Bags Two Offshore Platform Projects Valued Over S550 million
Sembcorp Marine will team up with North Oil Company (NOC) to fabricate two wellhead platforms for the NOC-operated Al Shaheen oil field, which will be bridge-linked to the field’s existing facilities.
Senex Energy Set To Start Surat Basin Natural Gas Drilling Project
Australian oil and gas producer Senex Energy Ltd. (ASX: SXY) will start its Surat Basin natural gas drilling program next month after contracting oil and gas services provider Easternwell. Senex is a supplier of gas to Australia's east coast gas market.
Subsea 7 Eyes Major Contracts From Woodside Petroleum
Woodside Petroleum Ltd. has in recent months awarded three contracts to Subsea 7 for offshore oil and gas engineering work that may eventually exceed $750 million in value, the Oslo-listed company said on March 6.
Strong Year Ahead For The Gulf Of Mexico
A supermajor inks a contract for the fi rst drillship rated for 20,000-psi operations.
Deep Sea Mooring Inks Mulityear Agreement With Diamond Offshore
Vryhof and its mooring business, Deep Sea Mooring (DSM), have signed a multiyear agreement with Diamond Offshore, the company said on Jan. 29.
BP Extends Odfjell Platform Drilling Contract In North Sea
Odfjell Drilling said on Jan. 29 that BP (NYSE: BP) will continue to use the company’s platform drilling services on the U.K. continental shelf.
BHGE Aims To Lower CO2 Equivalent Emissions To Net Zero By 2050
Baker Hughes, a GE company (NYSE: BHGE), has committed to reducing its CO2 equivalent emissions 50% by 2030, achieving net-zero CO2 equivalent emissions by 2050, the company said Jan. 28 in a news release.
Energy Bankruptcies Slow, But Debt Remains High
While energy bankruptcy filings slowed in 2018, the total amount of debt in oil and gas remains staggering, a recent Haynes and Boone report says.