Industry News
Prosafe SE: Operational update – November 2025
18 December 2025 - Fleet utilisation for November 2025 was 100%. In Brazil, Safe Eurus, Safe Notos, and Safe Zephyrus continued to operate at full capacity in November, delivering near 100 % commercial uptime. The Special Periodic Survey (SPS) and related off-hire...
Prosafe SE: Safe Caledonia awarded Letter of Intent for 2027 operations
Prosafe has been issued a Letter of Intent (LoI) from Ithaca Energy (UK) Limited for the charter of the Safe Caledonia to provide gangway connected accommodation support at the Captain field in the UK sector of the North Sea. The firm duration of the contract...
DNO Agrees North Sea Oil Offtake with Exxon Mobil and Shell, Unlocks Attractive Financing
Oslo, 18 December 2025 – DNO ASA, the Norwegian oil and gas operator, today announced that it has placed its North Sea oil production with subsidiaries of Exxon Mobil Corporation and Shell plc effective 1 January 2026 and secured related offtake financing facilities...
Repurchased own ordinary shares reached 5% of Tenaris’s voting rights; Tenaris’s controlling shareholder files amendment to Schedule 13D
LUXEMBOURG, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Pursuant to applicable Luxembourg Transparency Law requirements, Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris” or the “Company”) announces that on December 17, 2025, the proportion of own ordinary shares...
SBM Offshore signs contract extension of FPSOs Mondo and Saxi Batuque
Amsterdam, December 17, 2025 SBM Offshore announces it has signed a contract extension related to the lease and operation of FPSOs Mondo and Saxi Batuque with Esso Exploration Angola (Block 15) Limited, as the Operator of Block 15, an affiliate of ExxonMobil. The...
Weekly share repurchase program transaction details
Amsterdam, December 17, 2025 SBM Offshore reports the transaction details related to its EUR141 million (c. US$150 million1) share repurchase program for the period December 11, 2025 through December 17, 2025. The repurchases were made under the EUR141 million share...
SBM Offshore completes the Share Purchase Agreement with GEPetrol
Amsterdam, December 17, 2025 SBM Offshore confirms it has completed the transaction related to the Share Purchase Agreement announced on June 4, 2025, for the full divestment of SBM Offshore’s equity interest in the lease and operating entities of the FPSO Aseng to...
Baker Hughes to Supply Advanced Artificial Lift Solutions to Enhance Production in Kuwait Oil Company Fields
Leucipa™, FusionPro™ integration will optimize ESP operationsAgreement follows third-quarter award for advanced wireline, perforation technology HOUSTON and LONDON, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced...
Idaho Copper Corp. Announces 1:20 Reverse Stock Split to Support Uplisting Requirements
Boise, Idaho, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Idaho Copper Corp. (OTC: COPR), a critical minerals developer advancing a flagship copper-molybdenum project in Idaho, today announced that its previously disclosed 1-for-20 reverse stock split (the “Reverse Split”)...
Sintana Energy Inc. Announces Scheme of Arrangement Becomes Effective
TORONTO, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI, OTCQX: SEUSF) (“Sintana” or the “Company”) is pleased to provide the following update that on 12 December 2025, Challenger announced that the recommended acquisition by Sintana (TSXV:SEI) of...