Centurion Group forecasting a solid 2022 after reversing losses
Energy services firm Centurion Group reversed major year on year losses to finish 2021 on a solid financial footing.
2021 results
Tailwind posts 2021 profits of £80m ahead of Evelyn and Gannet E start-up
North Sea oil and gas firm Tailwind Energy has reported 2021 pre-tax profits of more than £80 million.
KCA Deutag filings chart impact of ‘sophisticated’ ransomware attack
Drilling contractor KCA Deutag has disclosed the impact of a “sophisticated attempted ransomware attack” on the company last year.
Serica Energy enjoys £390 million profits surge on higher commodity prices
Serica Energy enjoyed an “outstanding year” in 2021 as gross profits surged to £386.8 million, reversing £2.9m losses the prior year, amid a huge bump to commodity prices.
Updated: Wood set for a ‘phenomenally positive’ future, says outgoing CEO Robin Watson
The outgoing CEO of Wood, Robin Watson, believes the energy services giant is on course for a “phenomenally positive” future as he prepares to step down.
Helicopter operator Babcock posts 2021 losses of £383m
North Sea helicopter operator Babcock slumped to pre-tax losses of £383 million in 2021.
Ithaca boosts profits, revenue ahead of ‘capitalisation’ plans
North Sea focused E&P Ithaca Energy has returned to profitability on the back of surging commodity prices, as it now looks to capitalise the company following the acquisition of a series of assets from Marubeni.
TotalEnergies CEO Pouyanné bags €3.9m pay package
The chairman and chief executive officer of French energy major TotalEnergies, Patrick Pouyanné, will take home more than €3.9 million following a bumper year for the supermajor.
EnQuest swings back to profit despite production woes
EnQuest (LON: ENQ) cut into its debt and moved back into the black in its 2021 results, despite a series of troubles knocking back production levels.
Petrofac awaits outcome of £127 million HMRC court battle
Petrofac (LON: PFC) is awaiting the outcome of a £127 million court battle with HMRC, and said a portion of the costs could land on its customers.
BP boss more than doubles pay packet to £4.5m
BP (LON:BP) chief executive Bernard Looney has secured a £4.5 million payday in the wake of the supermajor’s bumper 2021 profits.
IOG poised to ‘reap the benefits’ of UK gas focus
Posting its full-year results for 2021 just days after reaching first gas from its Saturn Banks project, IOG looks to ‘exciting’ growth plans.
James Fisher laments ‘disappointing and difficult year’
Marine services group James Fisher and Sons has reported a ‘challenging year’ during 2021, continuing losses seen in 2020.
Worley boosts half-year profits to £67m
Engineering group Worley has reported pre-tax profits of A$126 million (£67m) in its latest half-yearly results, citing steady performance as it regains momentum in the wake of COVID-19.
Valaris warns costly rig reactivations await after 2021 results
Offshore driller Valaris (NYSE: VAL) said its “transitional period” post-Chapter 11 bankruptcy will continue into the second quarter of this year as it deals with costly rig reactivations.
Eni CEO toasts ‘excellent results’ after Italian supermajor reverses losses
Eni (BIT: ENI) is back in the black after an “excellent” financial year in which it accelerated the pace of its transformation strategy.
Fugro poised for growth after ‘resilient performance’ in 2021
Fugro is forecasting further revenue growth this year after delivering a “clear improvement” in its results.
Repsol reports group-wide profits of €2.5bn
Energy and chemicals giant Repsol (BME:REP) has reported profits of €2.49 billion (£2.1bn) across its activities last year, in a return to pre-pandemic form.
TAQA Group sees profits rise to £1.3bn
The Abu Dhabi-based energy group said it had delivered a ‘very strong’ performance in 2021, underpinned by its utilities business and boosted by higher commodity prices.
Big Oil Is pumping out cash as if $100 oil has already arrived
The world’s oil supermajors are pumping out cash as if crude was already trading at $100 a barrel.
Aker BP gearing up for exploration drive after record year
Aker BP achieved “record strong financial results” last year spurred on by more buoyant oil and gas prices.
TotalEnergies posts $16bn profit for 2021
TotalEnergies joins its fellow supermajors in reporting bumper Q4 and full-year results, with net income of $16 billion.
Equinor hails ‘record’ earnings for Q4 2021 as European energy prices skyrocket
Equinor has hailed “record adjusted earnings” in Q4 of 2021 as European energy prices reached unprecedented levels.
Aker Solutions profits surge as it aims for ‘record high order intake in 2022’
Engineering giant Aker Solutions has reported healthy profits in its 2021 results and sees potential for orders to reach “record high” levels in the coming year.
ConocoPhillips posts $8.1bn profit last year, highest since 2013
ConocoPhillips had its most profitable year since 2013 as oil demand and prices recovered from the pandemic-driven crash.