Oil major Chevron Corp beat market expectations on Friday as profit nudged higher in the first quarter, with earnings from refining compensating for slides in energy prices as well as oil and gas production.Net profit climbed 5% to $6.57 billion or $3…
Exxon Mobil Corp on Friday reported a record first-quarter profit that was more than double from a year ago and topped Wall Street estimates as rising oil and gas output overcame a pullback in energy prices from high levels.Oil companies are…
Three firms are vying to buy a minority stake of up to 49% in Iberdrola's 'Baltic Eagle' offshore wind farm off the German coast, newspaper Expansion reported on Friday, citing unidentified market sources.The top candidates for the transaction…
Shelf Drilling said Friday it had secured a contract for the Shelf Drilling Barsk jack-up rig with Equinor for operations at the Sleipner Vest field in the North Sea, offshore Norway.The contract is firm for two wells, and this will keep the jack-up drilling rig busy for about 270 days…
Japanese company Sumitomo Electric Industries said Thursday it would set up a subsea cable factory in Scotland, UK.'The introduction of renewable energy and interconnected national and regional lines are being promoted worldwide to achieve a decarbonized society…
The upstream arm of Indonesia's state energy company Pertamina, Pertamina Hulu Energi, plans to debut on the local bourse in June, after raising at least 20 trillion rupiah ($1.36 billion), two sources with direct knowledge of the matter told Reuters…
Italian energy group Eni said on Friday its first-quarter net profit fell 11% year on year on lower oil and gas prices compared with the first three months of 2022, when Russia's invasion of Ukraine sent energy prices soaring. Adjusted net profit for the period came in at 2…
Norway plans to nationalize most of its gas pipeline network when many existing concessions expire in 2028, the oil and energy ministry said on Friday, to tighten control over key infrastructure. Norway has become Europe's largest supplier of gas…
Norwegian offshore support vessel owner Havila Shipping has secured a charter extension for one of its platform supply vessels.The company said Friday that TotalEnergies EP Danmark, TotalEnergies' Danish subsidiary, had extended the existing contract for the Havila Fanø vessel by six months…
Neptune Energy said Friday it had started production from the Fenja oil and gas field in the Norwegian Sea. Neptune operates the offshore field, with its partners being Vår Energi, Sval Energi and DNO.Fenja is expected to produce 35,000 barrels of oil equivalent per day (boepd…
Dutch offshore survey services firm Fugro has won a contract to conduct an offshore geotechnical site investigation for Australia's offshore wind project Star of the South (SOTS), located off the coast of Gippsland southeast of Australia.Partly…
Exxon Mobil Corp and its partners have approved a $12.7 billion investment for their fifth and most expensive offshore oil project in Guyana, the U.S. firm said in a statement.The project called Uaru will produce up to 250,000 barrels of oil…
Norway's second-largest listed oil company Aker BP said on Thursday it was maintaining its outlook, and its quarterly dividend at $0.55 per share, despite reporting an on-year fall in quarterly operating profit. The company, partly owned by BP…
German chemicals group BASF on Thursday said it was working to exit energy business Wintershall Dea, with a stock market listing remaining the preferred option.CEO Martin Brudermueller also flagged a possible sale of the oil and gas producer to investors…
Offshore drilling firm Transocean said Thursday it had recently drilled its first fully-automated hole section of a well.The milestone, which Transocean described as significant, was achieved in the Norwegian Sea, offshore Norway.The company…
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