Russian Deputy Prime Minister Alexander Novak said on Friday the government has been working on some support measures for the oil producing industry, including changes in taxation, following last year's decision to hike taxes.The government…
Italian energy group Eni on Friday raised its ambition to cut greenhouse gas emissions, vowing to become net carbon neutral by 2050, as it seeks to keep up pace in an industry under pressure from investors to go green.Like its peers, Eni is…
Italian energy group Eni beat expectations by swinging into a profit in the fourth quarter thanks to firmer oil prices, after posting a loss for the full-year 2020 when demand plunged because of the coronavirus crisis.Eni said it recorded an adjusted net profit in the fourth quarter of 0…
AqualisBraemar LOC has entered into an agreement to acquire UK-based East Point Geo Limited to strengthen its geoscience offering within the oil and gas industry.East Point Geo is an independent geoscience consultancy providing support for offshore and onshore engineering projects…
The Biden administration is expected to name as early as Friday the companies it believes are helping build Russia's Nord Stream 2 pipeline, five sources said, a move that could eventually prompt sanctions on the nearly-completed project.The State Department report to Congress…
Borssele III & IV, one of the largest offshore wind farms in the Dutch sector of the North Sea, has reached full commissioning, Van Oord a partner in the Blauwwind consortium behind the 731.5 MW wind farm's development, said Thursday.Blauwwind is a consortium between Shell…
Oil and gas company Chrysaor has spudded the Jerv exploration well in the North Sea, offshore Norway, OKEA, a partner in the production license PL973 where the well is located, said Thursday.Chrysaor started drilling at the well formally known as well 15/12-25 on Thursday…
Spanish energy group Repsol posted on Thursday forecast-beating fourth-quarter adjusted income, pushing its shares up even though write-downs on the value of oil and gas assets dragged it to a second consecutive annual net loss. Curbs on mobility…
Several U.S. Representatives on Wednesday raised pressure on the State Department to share plans on potential sanctions on the Nord Stream 2 natural gas pipeline Russia is racing to finish to take fuel to Europe.'If completed, Nord Stream 2…
Wind turbine maker Siemens Gamesa has secured an extension of the operations and maintenance services agreement at the 600-MW Gemini offshore wind farm in the Dutch North Sea until 2036.The company said in a social media post that the original…
RWE Renewables has opened recruitment for two new wind turbine technician apprentices at Galloper wind farm, offshore the UK. Galloper Offshore Wind Farm is a 353MW project located 27km off the coast of Suffolk. The estimated average annual…
French energy firm Engie, and Norway-based Equinor said Thursday they were teaming up in development in 'low-carbon hydrogen activities.' The partners will investigate the production and market potential for hydrogen from natural gas whereby the CO2 will be captured and stored permanently offshore…
DEME Offshore has won a contract to transport and install the jackets and topsides for two substations for the Hollandse Kust offshore wind farms, in the Dutch sector of the North Sea.The company will also supply and install scour protection for both substations…
The Middle East might soon be home to a unique floating wind turbine project led by a group of European companies. Namely, unlike the other floating wind projects currently developed or being worked on, aimed purely at producing electricity…
Norway’s preliminary natural gas output exceeded official forecasts, while oil production was in line with expectations, data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday.Crude oil output slipped 0.6% from December to 1.8 million barrels per day (bpd) in January but was 9…