Work on the Baltic Pipe project in the North Sea has been completed, and the pipeline is ready to ship Norwegian gas to Denmark, info on the project's website shows.Baltic Pipe is a strategic EU infrastructure project led by Danish and Polish…
BASF said it has given up efforts to separately list its oil and gas business Wintershall Dea via an initial public offering (IPO) for now due to the joint-venture's exposure in Russia.'We want to list the company on the stock exchange. Wintershall…
Norwegian offshore shipping company Havila Shipping has agreed to sell platform supply vessels Havila Aurora and Havila Fortune for an undisclosed sum.Havila Aurora was delivered on Thursday to the buyer, which Havila did not identify. Havila…
Finland's Wartsila, a top global marine and energy equipment maker, posted first-quarter earnings roughly in line with expectations on Thursday, citing increased uncertainty in demand and supply in its end markets.Wartsila said its comparable operating profit increased 61% to 65 million euros ($68…
Spanish energy group Repsol is taking a 'softer' approach to its search for a partner for its newly created renewables unit as oil and gas prices are helping the company generate cash, its chief executive said on Thursday.Along with major European energy companies like BP and TotalEnergies…
Octopus Energy Generation has bought a near-8% stake in the 270 megawatt Lincs wind farm off the East of England, its first investment in a large UK offshore wind farm, it said on Thursday without disclosing financial details.The wind farm has…
Oil and gas company Neptune Energy on Thursday confirmed the discovery of oil and gas at the Hamlet exploration wells (PL153) in the Norwegian sector of the North Sea. To remind, Neptune first announced it had struck hydrocarbons at the Hamlet well back in March…
Belgian offshore installation services company DEME Offshore said Thursday it was making strong progress with monopile installation at RWE’s Kaskasi offshore wind farm in Germany.'A substantial part of the scope is in DEME’s hands, including…
Norwegian independent oil company Aker BP reported its fifth consecutive record quarterly profit on Thursday as petroleum prices soared, and is preparing to ramp up gas deliveries to Europe, the company said on Thursday.Earnings before interest…
German climate activists turned off crude oil pipelines at five locations on Wednesday, demanding the country look for other ways to reduce its dependence on Russian gas than starting new fossil fuel-based infrastructure projects such as deep-sea drilling…
Irish floating wind platform developer Gazelle Wind Power (Gazelle) has signed a memorandum of understanding with the Austrian consulting firm Vienna Consulting Engineers ZT GmbH (VCE) to support its 2MW floating wind pilot project in the Canary Islands…
Norway's Vår Energi raised its annual dividend and posted a sharp rise in first-quarter profit on Wednesday, aided by a surge in oil and gas prices following Russia's invasion of Ukraine.Vår Energi, majority-owned by Italy's Eni, reported a pretax profit of $1…
Offshore energy services company Seajacks UK, a subsidiary of Eneti, has secured new contracts in the UK North Sea.Eneti said Tuesday that Seajacks had signed a new contract with a UK-based utility for one of its NG2500X-class vessels to support…
McDermott International has said it has joined a group of industry experts focused on unlocking the potential for a hydrogen-led energy hub located at Bacton, Norfolk, UK. The UK North Sea Transition Authority (NSTA), previously known as the Oil and Gas Authority…
Norwegian oil and gas company Equinor and Applied Petroleum Technology (APT) have partnered up in a research and development project that aims to replace expensive downhole sampling and logging with more cost-efficient solutions.Helge Nyrønning…
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