(Oilandgaspress) -– Chevron Corporation reported earnings of $2.2 billion ($1.11 per share - diluted) for first quarter 2026, compared with $3.5 billion ($2.00 per share - diluted) in first quarter 2025. Included in the quarter was a net loss of $360 million related to a...
(Oilandgaspress) -–Repsol reported adjusted net income of €873 million in the first quarter of 2026. This metric, which specifically measures business performance, was influenced by the volatility of a global macroeconomic environment shaped by the conflict in the Middle East. This situation has impacted international...
(Oilandgaspress) -–The NNPC Gas Infrastructure Company (NGIC), a wholly owned subsidiary of NNPC Limited, has successfully completed the River Niger Crossing of the 130-kilometre Obiafu-Obrikom-Oben (OB3) Gas Pipeline, marking a major milestone in the expansion of Nigeria’s national gas transmission network. The successful crossing unlocks the...
Hyundai Motor Group (the Group) and the Georgia Institute of Technology (Georgia Tech) have announced an expansion of their growing collaboration to advance hydrogen-powered transportation, deepen applied research and education, and accelerate the use of zero-emissions vehicles in Georgia. Building upon a multi-faceted relationship, the Group...
Baker Hughes Rig Count: International -22 to 1,036, U.S. -2 to 543 Canada -5 to 130U.S. Rig Count is up 1 from last week to 544 with oil rigs down 3 to 407, gas rigs up 4 to 129 and miscellaneous rigs unchanged at 8.Canada...
(Oilandgaspress) -–KBR has made a strategic investment in Geolith, a global leader in Direct Lithium Extraction (DLE). This investment will support the global commercial deployment of Geolith’s DLE Li-Capt® technology. In 2024, KBR and GeoLith entered into an exclusive alliance agreement and this investment further advances...
(Oilandgaspress) -–Total Company revenue in the first quarter was $2,492.7 million. Net income attributable to TechnipFMC was $260.5 million, or $0.64 per diluted share. These results included after-tax charges and credits totaling $0.4 million of expense. Adjusted net income was $260.9 million, or $0.64 per...
(Oilandgaspress) -–Occidental announced today that its Board of Directors declared a regular quarterly dividend of $0.26 per share on common stock, payable on July 15, 2026, to stockholders of record as of the close of business on June 10, 2026. Information Source: Read More ...
(Oilandgaspress) -–Subsea 7 S.A. announced the award of a substantial¹ engineering, procurement, construction, and installation (EPCI) contract by ExxonMobil to Subsea Integration Alliance (SIA) for a subsea tie-back associated with the Redevelopment 2.0 Likembe Project in Block 15, offshore Angola. Project management and engineering will...
(Oilandgaspress) -– Clarksons Research has released key data points profiling the offshore oil & gas sector and associated vessel markets. Reviewing the data, Steve Gordon, Managing Director of Clarksons Research commented: • Offshore oil and gas contributes 16% of global energy supply, including 26.5m bpd of...
(Oilandgaspress) -– Saab UK proudly hosted the South regional heat of Global Underwater Hub’s (GUH) STEM Challenge at its Fareham campus, welcoming school pupils for a hands on introduction to underwater engineering and marine technology. Delivered by GUH in partnership with educational charity The Smallpeice...
(Oilandgaspress) -– Inspired by the iconic shape of the 911 and its characteristic flyline, the new Porsche Cayenne Coupé Electric models combine powerful proportions with exceptional e-performance. Visually and technically, they are among the most emotive and sporting cars in the whole SUV segment. At...