Exxon Mobil Corp expects a gain of as much as $3.6 billion from the sale of its Norwegian oil and gas production assets to significantly lift results for the fourth quarter, according to a regulatory filing on Friday.The gain from the sale of the assets to Var Energi AS…
Exxon Mobil Corp's third-quarter profit nearly halved, hit by lower oil prices and weaker margins in refining and chemicals, with its three major business reporting lower year-over-year profit.Earnings fell to $3.17 billion, or 75 cents per share…
Saipem said it is working with UK-based metering pumps manufacturer SEKO to create a new subsea metering pump capable of operating in extreme conditions.The Italian services company announced on social media that it has signed a collaboration…
Denmark has fined French oil and gas major Total 500,000 Danish crowns ($75,145) for the discharge of chemicals in the North Sea by a company it bought in 2017, Danish broadcaster DR said on Tuesday.Maersk Oil, the former oil unit of shipping giant A…
It’s been long thought the “subsea factory” could reduce capex costs, but many topsides pieces of equipment must first be marinized to make that vision a reality. Oceaneering’s Subsea Pumping Technology (SPT), which recently won OTC's Spotlight on New Technology Award…
Supermajor Chevron announced on Monday it has named Pierre Breber vice president and chief financial officer, effective April 1, 2019.Breber replaces Patricia Yarrington who has elected to retire after 38 years with the company.Breber joined Chevron in 1989…
U.S. oil and natural gas producer Chevron Corp on Friday reported quarterly earnings that topped analysts' estimates on higher prices and production, sending shares higher in premarket trading.Results for the San Ramon, California, company reflected a 12…
Exxon Mobil Corp on Friday reported a quarterly profit that topped analysts' estimates, pushing it shares up nearly 3 percent in premarket trading as its oil and natural gas output rose slightly on a year-over-year basis.The company's fourth-quarter net income fell to $6 billion…
A recent grant award from the Oil & Gas Innovation Center (OGIC) in the U.K. aims to spur the development of automated data analysis technology for on- and offshore oilfields.Chemical monitoring and management solutions specialist LUX Assure…
A November 2017 explosion on an offshore production platform, a July 2018 platform diesel generator fire, and an August 2018 leak of 70 gallons of emulsion breaker into the Gulf of Mexico were the focus of a spate of safety bulletins and alerts…
Trelleborg Sealing Solutions used SPE Offshore Europe Conference & Exhibition in Aberdeen as a platform to launch its latest Isolastperfluoroelastomer (FFKM) material development. Specifically engineered for the offshore industry, Isolast J9554…
KBR and IBM have agreed to collaborate on the development of digital products and services to help oil and gas firms reduce costs and increase profit, reliability and safety. KBR says petroleum organizations require new levels of innovation…
GE Water & Process Technologies’ new service offering, OnBoard, is a customizable, total integrated water treatment solution and service plan for offshore oil and gas producers. OnBoard incorporates digital technologies, remote monitoring and diagnostic software…
Schlumberger has opened a new purpose-built Production Technologies Center of Excellence aimed at solving customers’ global challenges related to oil and gas production chemistry, particularly those encountered in deepwater, heavy oil and other extreme environments…
Shell CEO Ben van Beurden is to speak at the opening plenary session at SPE Offshore Europe 2017, which is being held in Aberdeen from 5-8 September 2017. van Beurden will address several hundred oil and gas industry professionals in…
