Shares in Italian energy services group Saipem slid to their lowest level in three decades after a shock profit warning left leading shareholders scrambling to find a way to bolster the company's finances.At 1045 GMT the shares were down 4%…
Norwegian oil and gas company Equinor has filed an impact assessment for the development and operation of the Wisting oil field in the Barents Sea. The plan for development and operation (PDO) is planned to be completed at the end of 2022.The…
BASF remains committed to a sale of its stake in oil and gas business Wintershall Dea AG on the stock market, it said on Monday, despite co-owner LetterOne opposing an initial public offering (IPO) in the short term.The disagreement between…
The Norwegian Petroleum Directorate (NPD) has granted Aker BP a drilling permit for the wildcat well well 35/4-3 in the North Sea, offshore Norway.Located in the production license 685, the well will be drilled using Odfjell Drilling’s Deepsea Nordkapp semi-submersible drilling rig…
German offshore wind development company wpd offshore has said it has become the first company in Romania to officially apply for the development of offshore wind energy projects in the Black Sea. The Black Sea 1 (500 MW) and Black Sea 2 (approx…
French oil and gas major TotalEnergies has agreed to sell to Kistos Energy a 20% interest in the Greater Laggan Area fields and in the Shetland Gas Plant in the UK, as well as interests in several nearby exploration licenses.Kistos will pay a firm consideration of $125 million…
Italian energy services group Saipem is talking to investors about a possible funding package, the group said on Monday after warning it will take a heavy loss for 2021, triggering a halt in its shares to prevent a stinging sell-off.Saipem has…
Norway's Hammerfest LNG plant faces a further delay before restarting production following a fire in 2020, Equinor and Norwegian gas system manager Gassco said on Monday.The plant, operated by Equinor, is now expected to resume output on May 17…
Finland's government has earlier this month granted research permits for three offshore wind power projects in Finland’s exclusive economic zone. Wpd Finland Oy was granted a permit for the research area west of Jakobstad. OX2 Finland Oy received…
Oilfield services giant Schlumberger will deploy its DELFI cognitive E&P environment on the Norwegian carbon capture and storage project Northern Lights.The Northern Lights project is operated by the namesake joint venture, owned by Equinor…
Norwegian carbon capture and storage project Northern Lights is set to receive four million euros from the EU under the Connecting Europe Facility (CEF) funding scheme.The Northern Lights joint venture, owned by Equinor, TotalEnergies, and Shell…
Norwegian Minister of Petroleum and Energy, Marte Mjøs Persen, will Thursday officially open the Martin Linge field, located in the North Sea, offshore Norway.As previously reported, the field came on stream in June 2021, after years of delays…
The operator of the Russian Nord Stream 2 gas pipeline has registered a subsidiary for the German part of the pipeline to meet German regulatory requirements, it said on Wednesday, though certification for the project still remains suspended by Berlin…
Oil and gas company Wellesley Petroleum has completed the drilling of the wildcat well 36/1-4 S in the North Sea off Norway, and the well is dry, the Norwegian Petroleum Directorate said Thursday. Wellesley Drilled the well some 40 kilometers…
Oslo-listed company Magnora has through its subsidiary Magnora Offshore Wind agreed Heads of Terms (HoT) for cooperation with the Welsh renewable energy developer Hiraeth Energy for the development of two floating offshore wind projects in the Celtic Sea with a total capacity of around 700 MW…