HOUSTON: Helix Energy Solutions Group Inc (HLX.N) on Wednesday reported a third-quarter profit of $22.1 million, or 15 cents per diluted share, reversing a loss of $2.6 million in the prior quarter, as robust performance in its Robotics and Shallow Water segments offset offshore headwinds. The Houston-based offshore energy services firm posted adjusted EBITDA…
WELLINGTON: New Zealand’s Infratil Limited (IFT.NZ) said on Monday it has agreed to acquire a further 4.92% stake in power generator Contact Energy Limited (CEN.NZ) for NZ$437.7 million ($261.5 million), increasing its total holding to 14.3%. The infrastructure investor will buy the stake from TECT Holdings, the former Tauranga Energy Consumer Trust, at NZ$8.95 per Contact share,…
ISLAMABAD: Pakistan’s power regulator has approved the registration of the Central Power Purchasing Agency (CPPA-G) as a Special Purpose Agent (SPA), a key step in the country’s long-delayed electricity market reforms, but curtailed its future role by strictly limiting it to managing pre-existing contracts. The decision, detailed in a determination by the National Electric…
Energy giant advances upstream projects, boosts AI capacity and renewables, declares $42.7 billion in dividends despite lower crude prices RIYADH: Saudi Aramco (2222.SE), the world’s largest oil exporter, reported a robust financial performance for the first half of 2025, posting an adjusted net income of $50.9 billion despite lower crude prices and geopolitical headwinds.…
HOUSTON: SLB (NYSE: SLB) reported second-quarter revenue of $8.55 billion, a 1% sequential increase, as steady demand across international markets offset regional slowdowns and subdued upstream spending. The oilfield services provider posted net income of $1.01 billion on a GAAP basis, with diluted earnings per share of $0.74—up 28% sequentially but 4% below the…
OSLO: Norwegian engineering company Aker Solutions reported a strong second quarter performance on Thursday, backed by high project activity and continued momentum in its core markets. Second-quarter revenue rose to NOK 15.2 billion ($1.43 billion), up from NOK 12.8 billion in the same period last year, as the company executed key milestones including installation…
SYDNEY: Buru Energy Limited (ASX:BRU) has finalized agreements with Koloma Australia Pty Ltd for the sale of its geologic hydrogen-focused subsidiary, 2H Resources Pty Ltd (2HR), and non-core exploration assets in Western Australia’s Canning Basin. The deal, worth up to $2 million, includes an initial $1 million payment and additional staged payments tied to…
SYDNEY: Australian helium exploration company D3 Energy Ltd. (ASX: D3E) has acquired two exploration permits in South Australia’s Arckaringa Basin, broadening its footprint in the growing helium and hydrogen sector. The acquisition, completed through the purchase of Unleash Energy Pty Ltd., includes exploration permits PEL 121 and PEL 122. The Arckaringa Basin has become…