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PetrusInternational company Tenaris has opened a service center in Suriname to support the country's first deepwater oil and gas project, GranMorgu. The center will provide advanced services and logistics for the TotalEnergies, APA Corporation, and Staatsolie consortium.
PetrusNorway is actively advancing the implementation of subsea connections in the oil and gas sector, which helps accelerate the development of new fields and reduce costs. Major operators such as Equinor plan to launch dozens of similar projects in the coming years, opening up new opportunities for contractors and strengthening the country's position in the global energy market.
PetrusThree Seatrium production sites in Brazil have given the company a competitive edge in securing Petrobras contracts for FPSO construction, despite changes in procurement models. Seatrium is adapting to new market conditions by collaborating with partners and focusing on high-quality project execution and sustainable financial results.
PetrusIn the second quarter, Nabors Industries increased its drilling activity, but overall revenue declined due to lower earnings in the digital and automation segments. Despite the growth in the number of rigs, the company's shares fell by 3.8%.
PetrusDespite a significant drop in profits due to the conflict in the Middle East, Saipem has maintained its revenue forecast for 2026 and continues to secure new major contracts.
PetrusThe American company Baker Hughes will supply liquefied natural gas (LNG) technologies for the expansion of the CP2 LNG project in Louisiana, which is being developed by Venture Global LNG. Once construction is completed, the facility’s export capacity will exceed 29 million tons per year.
PetrusThe Italian company Saipem has signed two major contracts with Eni for the implementation of an underwater project off the coast of Côte d’Ivoire and the construction of a facility in Italy. These projects will significantly increase oil and gas production, as well as expand biofuel manufacturing.
PetrusSLB increased its revenue by 5% in the second quarter to $9 billion, driven by growth in offshore operations, despite a decline in profits and a slowdown in activity in the Middle East due to the conflict. The company's financial results exceeded analysts' expectations.
PetrusSLB increased its revenue in the second quarter amid growing offshore activity, despite a decline in profits. The company's financial results exceeded expectations, leading to a rise in its share price.
PetrusRussian engineers have developed a laboratory system that simulates real conditions in oil reservoirs and helps select the most effective materials to enhance hydraulic fracturing efficiency. The new installation has already proven its value at challenging oil fields and is planned for use at other sites as well.
PetrusThe European Commission has launched an in-depth investigation into the planned merger between Saipem and Subsea7 due to concerns about reduced competition in the subsea infrastructure and engineering services market. A final decision is expected by November 26.
PetrusIn the second quarter of 2026, TGS recorded significant growth in revenue and seismic vessel utilization, achieving its best results in 13 years. The company notes a strengthening of long-term prospects for oil and gas exploration and maintains a stable financial position.
PetrusTGS has launched a large-scale update of seismic data on the Newfoundland and Labrador shelf, utilizing advanced technologies to enhance the quality of geological research in the region. Preliminary results are expected in 2027.
PetrusThe European Commission has launched an in-depth investigation into the planned merger of Saipem and Subsea7 due to concerns about reduced competition in the offshore engineering services market. A final decision is expected by November 26.
PetrusEquinor has signed agreements with 18 contractors for well maintenance services worth approximately 17 billion Norwegian kroner, aiming to sustain production at 1.2 million barrels per day until 2035. Around 2,500 specialists will participate in these projects, and the new wells are expected to provide up to 70% of the company’s production by 2035.