Deme’s offshore energy business reported Q1 turnover of €390m compared with €279m in Q1 2023.
The offshore energy top line grew 40% year-over-year driven by efficient project execution and helped by a favourable comparison base for the first quarter of last year, Deme state.
In the world of energy production, power is not just a component; it’s the cornerstone that propels every facet of the industry forward. From the depths of drilling and extraction to the complexities of processing and distribution, it is the uninterrupted flow of power that ensures operations run smoothly and efficiently. A disruption in this flow doesn’t merely pause operations; it halts the entire lifecycle of energy production and its revenue streams.
Shares of Schlumberger Limited (NYSE:SLB – Get Free Report) have been given an average rating of “Moderate Buy” by the eighteen research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $68.72.
The Nigerian Upstream Petroleum Regulatory Commission has announced the commencement of the bidding process for 12 oil blocks recently listed for sale.
The Media Foundation for West Africa (MFWA) is set to challenge the Presidency’s refusal to release the complete KPMG audit report on the controversial Ghana Revenue Authority (GRA) and Strategic Mobilisation Limited (SML) contract.
BINTULU, Malaysia — In the open sea off the coast of Malaysian Borneo, industrial rigs extract massive amounts of oil and gas that fuel the economy of Malaysia.
Paal K. Ødegaard, Head of Crewing at Yinson, sits down with Energy Digital to discuss energy skills gap obstacles and how to get ahead of the problem
CHINESE companies won five more bids to explore Iraqi oil and gas fields, Iraq’s oil minister said on Sunday (May 12), as the Middle Eastern country’s hydrocarbon exploration licensing round continued into its second day.
QatarEnergy has signed a farm-in agreement with ExxonMobil to acquire a 40% participating interest in two exploration blocks offshore Egypt.
Tanzania’s energy sector is on the cusp of significant growth, with vast gas resources and strategic initiatives positioning the country as a key player in the region. With substantial gas reserves, Tanzania aims to become a major LNG exporter, with projects led by industry giants like Equinor, Shell, and ExxonMobil.