Italian energy group Eni raised its guidance on Friday for full-year earnings before interest and taxes (EBIT) and cash flow, while also announcing an acceleration of its share buyback program.The group beat analysts' expectations for third…
Finland's National Emergency Supply Agency said on Friday it had raised its risk assessment for gas supply security in the Nordic country following the damage earlier this month to the Balticconnector gas pipeline. 'An important gas import connection…
The three incidents that resulted in damage to a gas pipeline and two telecom cables between Estonia, Finland and Sweden 'are related', Estonian Prime Minister Kaja Kallas said.Finnish police leading the pipeline investigation have named the…
Norwegian oil group Aker BP on Friday reported better-than-expected third-quarter operating profit, and said the cost per barrel produced could be slightly lower this year than previously anticipated.Aker BP, which is partly owned by BP, said earnings before interest and tax declined to $2…
Siemens Energy shares plunged nearly 40% on Thursday, wiping 3 billion euros ($3.16 billion) off its market value, after the group said it was in talks with the German government about state guarantees following big setbacks at its wind unit…
Equinor on Friday cut its full-year oil and gas output guidance while posting a bigger-than-expected profit for the third quarter, boosted by the company's trading unit.The Norwegian energy group's adjusted earnings before interest and tax for July-September fell to $8…
Italian energy services group Saipem has made significant progress in its turnaround and is close to completing the problematic projects that forced it to raise capital last year, its CEO said on Thursday.Commenting on third-quarter results…
As Europe turns to renewable sources to diversify energy supplies away from Russian oil and gas, a peaceful marine scene conceals a billion-dollar security headache.Rising above the Baltic Sea less than 10 km (6 miles) off the coast of Denmark…
French oil major TotalEnergies on Thursday announced the commissioning of the Cape Ann, its floating storage and regasification unit (FSRU) for liquefied natural gas (LNG) located in the port of Le Havre. The terminal injected its first megawatt-hours (MWh) of gas into the grid operated by GRTgaz…
MAN Energy Solutions has won the contract for the delivery of three integrally-geared compressor trains (IGC) for Porthos, the first large-scale carbon capture and storage (CCS) project in the Netherlands. The Port of Rotterdam Authority, Energie Beheer Nederland B…
Oil and gas company OKEA has made an oil discovery near the Brage field in the North Sea, offshore Norway.According to the Norwegian Petroleum Directorate, between 0.2 and 0.5 million Sm3 of recoverable oil was proven in connection with drilling well 31/4-A 13 E…
Danish national transmission system operator for electricity and natural gas Energinet has awarded energy industry services firm Semco Maritime an 8-year framework agreement for the provisioning of technical consultants within design, supervision…
Norwegian oil and gas company Aker BP has started production from Kobra East & Gekko (KEG) development in the Alvheim area, offshore Norway.The KEG development comprises the two discoveries Kobra East and Gekko in licence 203. The field has…
TotalEnergies on Thursday posted a 35% fall in its third-quarter adjusted net income compared to a year ago, hurt by a drop in energy prices from highs hit following Russia's invasion of Ukraine.The French energy company's Q3 adjusted net income stood at $6…
China is willing to provide necessary information in accordance with international law regarding an investigation on damage to a Baltic Sea gas pipeline, the foreign ministry said on Wednesday at a regular press briefing.The damage earlier this…