RWE has struck a long-term partnership with Apollo Global Management to secure funding for its 25.1% stake in Amprion, one of Germany’s four transmission system operators, as the country gears up for a decade of record grid investments.Under the agreement…
Offshore wind developer Orsted won shareholder approval on Friday for a $9.4 billion emergency rights issue to help fund U.S. projects thrown into uncertainty by President Donald Trump's opposition to the renewable energy source.The stakes are high for the Danish state-controlled firm…
U.S. oilfield services provider Halliburton has been cutting staff in recent weeks, according to two sources familiar with the matter, marking the latest workforce reduction in the U.S. oil industry as it faces rising costs and a period of lower prices and volatility…
Ocean Winds (OW), an offshore wind joint venture between EDP Renewables and ENGIE, has completed the installation of the third and final turbine for its Éoliennes Flottantes du Golfe du Lion (EFGL) floating wind project.Developed in partnership with Banque des Territoires…
Austrian oil, gas and chemicals group OMV plans to cut 2,000 of its 23,000 worldwide staff, the Kurier newspaper reported on Thursday evening.Citing staff unions, the paper said the company's Romanian subsidiary Petrom SNPP.BX would be especially severely hit…
Norwegian oil and gas firm Vår Energi has completed the drilling of second well at the Balder field in the North Sea using COSL Drilling Europe’s COSL Pioneer semi-submersible drilling rig.COSLPioneer delivered the second well, BT-4, at the Balder field for Vår Energi…
Offshore vessel operator Astro Offshore, an Adani Group company, has acquired two modern platform supply vessels (PSVs) and entered the West African market, expanding its global footprint.The vessels, Astro Rastaban (built 2020) and Astro Rigel (built 2023)…
Equinor has exercised its option to extend the firm period of the contract for two of DOF’s platform supply vessels (PSVs).Equinor extended contracts for Skandi Flora and Skandi Mongstad PSVs.The extension is applicable from October 2025, according…
Danish offshore wind developer Orsted cut its 2025 profit outlook on Friday, just hours before it is poised to secure shareholder approval for a $9.4 billion emergency rights issue as it seeks to avert a looming credit downgrade.Once celebrated as a trailblazer in offshore wind…
Danish wind farm developer Orsted cut its operating profit outlook for 2025 on Friday, shortly before shareholders were set to vote on a crucial capital raise as the company battles U.S. President Donald Trump's opposition to wind power.Once celebrated as a trailblazer in offshore wind…
Oil and gas firm Tullow Oil has appointed Ian Perks as its new Chief Executive Officer (CEO).Perks will take up the role of CEO and join the Board on September 15, 2025. Following the appointment, Richard Miller, who is currently Chief Financial Officer (CFO) and Interim CEO…
Africa-focused oil and gas company Afentra has signed Heads of Terms with Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG) for a Risk Service Contract covering offshore Block 3/24, its first operated license in the country.The formal award is expected in the coming months…
Danish wind farm developer Orsted's Revolution Wind joint venture has filed a lawsuit against the administration of President Donald Trump over the U.S. government's decision to block construction of the project off Rhode Island, a court filing showed on Thursday…
The European Commission is providing a €645 million ($755.10 million) grant for a renewable energy cluster near Bornholm in the Baltic Sea, Germany's economy ministry said Thursday, a major step towards the creation of a cross-border offshore hub…
Norway's energy ministry said on Thursday it has received applications from 20 oil and gas companies seeking exploration acreage in the government's annual mature-areas (APA) licensing round.This year's round will contain more acreage in the Arctic Barents Sea…