Spanish power company Iberdrola on Thursday raised its 2023 profit outlook for the second time after a strong performance in Europe and Britain drove a 21% increase in first-half net profit.The green energy giant is investing heavily in renewable capacity and network assets…
The Australian state of Victoria will ban natural gas connections to new homes from next year as part of a plan to cut emissions and lower energy bills, the state climate action minister said on Friday.Australia's second-most populous state…
Italy's Eni said its second-quarter adjusted net profit dropped 49% from last year, reflecting falling oil and gas prices and weaker refining margins. Adjusted net profit in the period came in at 1.94 billion euros ($2.13 billion), down from a bumper result of 3…
Steel pipe supplier Tenaris will supply pipes and services for phase II-A of the Sakarya offshore gas field development in the Black Sea, offshore Turkey.The offshore gas field is operated by Turkish Petroleum (TPAO) and located in the ultra-deep waters of the western Black Sea…
Italian energy services group Saipem on Thursday said efforts to restart a multi-billion-euro LNG project in Mozambique for TotalEnergies were underway but refrained from giving a precise timeline.The project, which would be the first onshore development of a LNG plant in the African country…
Offshore wind developer Ocean Winds is set to start a geotechnical survey campaign in Moray Firth in Scotland, to support the development of the 2GW Caledonia offshore wind farm.'Sediment from deep bore hole samples from across the Moray Firth…
Peterson Energy Logistics has secured an integrated logistics contract with the oil and gas company Apache North Sea Limited.Peterson will deliver quayside, receipt and dispatch, and fuel services from its bases in Aberdeen and Edzell. The logistics…
Risk Intelligence, a company specializing in security risk management by delivering threat and risk assessments, said Thursday it had signed a significant three-year contract extension with Saipem for its Risk Intelligence System.The new three…
UK North Sea-focused oil and gas company Ithaca Energy said Thursday it had discovered hydrocarbons at its K2 prospect, located in Block 22/14c of the Central North Sea of the UK Continental Shelf.Upon entering the reservoir, Ithaca Energy, acting as the operator…
Technip Energies on Thursday posted its highest-ever adjusted backlog for the first half of the year, driven by the signing of major contracts, and upgraded its recurring core profit margin guidance for 2023.The adjusted backlog of the French…
Brazilian state-run oil company Petrobras said on Wednesday its second-quarter crude oil production fell 0.6% compared to the same period last year. The firm pumped 2.10 million barrels per day (bpd) between April and June, it said in a securities filing…
Shell and TotalEnergies reported sharp falls in second-quarter profit from bumper 2022 earnings as oil and gas prices, refining margins and trading results all weakenedOil and gas prices soared last year in the wake of Russia's invasion of Ukraine…
UK North Sea oil explorer Deltic Energy said Thursday that Capricorn Energy, its partner in five Southern North Sea gas exploration licenses Capricorn Energy had decided to withdraw from the licenses, following its recent strategic focus shift…
Subsea 7's recently delivered Seaway Alfa Lift offshore wind foundation installation vessel is in transit to Europe and is expected to join Subsea 7's fleet in the third quarter of 2023.The semi-submersible heavy installation vessel, designed by Ulstein…
Europe's outlook for gas supply is looking good for the coming winter given high gas reserves and plentiful access to supplies, Equinor CEO Anders Opedal told Reuters, but could tighten next summer due to lower reserves. With European gas storages currently 85% full and rising…
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