The Biden administration on Friday identified a Russian ship and a company it believes are helping to build the Nord Stream 2 pipeline, but the entities had already been sanctioned by the Trump administration and the project's opponents in Congress said the move would do little to halt work on it…
Norwegian shipowner GC Rieber Shipping has won a contract extension for its Polar Onyx vessel with DeepOcean. Separately, the company said Monday it had agreed to sell the Polar Queen vessel.'GC Rieber Shipping has agreed with DeepOcean BV to…
Offshore wind turbine maker Siemens Gamesa Renewable Energy has confirmed it has been awarded the firm order from the EDF Renewables-Enbridge-wpd consortium for the 448 MW Courseulles-sur-Mer offshore wind power project in France.The confirmation…
Norway's Equinor said Monday it has, with its partners, decided to shut down the Veslefrikk field in the Norwegian part of the North Sea in the spring of 2022.'After more than 30 years on stream and over 400 million barrels of oil equivalent…
Portugal's oil and gas company Galp Energia cut its dividend payout by half on Monday after posting a 98% plunge in fourth-quarter net profit as the coronavirus pandemic hammered refining margins and output fell.The company said it would propose a dividend of 0…
Portugal's main utility EDP announced on Friday it was setting up a new business unit to develop green hydrogen projects, primarily in Europe and the United States.So-called green hydrogen, produced using renewable electricity, is seen as a…
Marine seismic survey company Shearwater GeoServices has won a contract with the Norwegian oil company Aker BP for an ocean bottom seismic (OBS) 4D survey. The project is at the Ivar Aasen field in the Norwegian part of the North Sea.The survey…
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…