Vietnam is in talks with Singapore's Sembcorp to build a submarine power transmission line between the two countries, the Vietnamese government said on Friday. The announcement was made after a meeting between Prime Minister Pham Minh Chinh…
European banks risk jeopardizing the path to net-zero carbon emissions and the growth of renewable energy unless they stop directly financing new oil and gas fields this year, investors managing assets worth more than $1.5 trillion said on Friday…
Turkey has postponed a natural gas summit due to be held on February 14-15 until March 22, an energy official said on Friday, after a major earthquake hit its southeastern region. Setting up a gas hub in Turkey was first proposed by Russia's…
Italy's Eni could take over Chevron's stake in and operatorship of the Indonesia Deepwater Development (IDD) gas project by mid-2023, a senior Indonesian energy ministry official said on Tuesday.'Currently Eni is working, and so far, so good…
Aker BP has made an oil discovery near the Ivar Aasen field in the North Sea, offshore Norway, but the volumes discovered are not seen as profitable 'at present time.'The oil firm, as the operator of the production license 867 B, has completed the drilling of wildcat well 25/10-17 S…
Norwegian independent oil firm Aker BP AKRBP.OL will boost its dividend by 10%, the company said on Friday after posting a $2.2 billion operating profit for the final quarter of 2022, up from $1.2 billion a year earlier. Norway's second-largest listed oil company…
Renewable energy developer and fund manager Copenhagen Infrastructure Partners (CIP) intends to invest 8 billion euros ($8.6 billion) in a large offshore wind power park in Portugal that is preparing its first auction of such concessions. CIP…
Nearly 100 Odfjell offshore drillers working on two flagship BP platforms have backed strike action in a dispute over working rotas and pay, the Unite Scotland trade union said on Thursday.Two of BP's North Sea platforms, the Clair and Clair Ridge…
Norway-based offshore wind service vessel firm Edda Wind on Thursday took delivery of Edda Boreas CSOV from Gondan Shipyard. The vessel is the second of six sister vessels to be delivered from Gondan.The commissioning service operation vessel…
U.S. maritime and logistics company Crowley said it has made a deal that could see it lease and develop an offshore wind terminal in Louisiana's Port Fourchon.The Right of First Refusal agreement was reached during Wednesday’s Greater Lafourche Port Commission (GLPC) Board Meeting in Cut Off…
Russian oil firm Lukoil has signed several agreements with Kazakhstan's KazMunayGas in Astana regarding the Kalamkas-Sea, Khazar, Auezov subsoil area development project in the Kazakhstan sector of the Caspian Sea. They define the rights and…
Norway's $1.35 trillion wealth fund said on Thursday it would step up its engagement with companies over the management of climate risk by voting against board members who it deems are not doing enough on the issue. Investing the state's revenues…
Subsea cable maker JDR has won a contract from Petrogas E&P Netherlands to supply two umbilicals for the A15 and B10 offshore conventional gas fields in the Netherlands. The fields are located in quads A & B, in a shallow water depth of 115 ft…
Indonesian energy company Medco Energi Internasional MEDC.JK (MedcoEnergi) will raise its capital expenditure by nearly 50% to about $370 million this year, with a bigger portion allocated to oil and gas development, a company director said on Thursday…
Japan's Inpex on Thursday forecast a 38% fall in net income to 270 billion yen ($2 billion) and a 19% fall in sales to 1.9 trillion yen this year, hit by lower oil prices and a stronger yen. The country's top exploration and production company…