China's top offshore oil and gas producer CNOOC Ltd. is preparing to exit its operations in Britain, Canada, and the United States, because of concerns in Beijing the assets could become subject to Western sanctions, industry sources said.Ties…
Germany would face a sharp recession if gas supplies from Russia are suddenly cut off, the country's leading economic institutes said on Wednesday, and the government said the war in Ukraine poses 'substantial risks' for Europe's largest economy…
Norwegian oil company Aker BP produced 208,200 barrels of oil equivalents per day (boepd) in the first quarter, up from 207,000 boepd in the previous three months, the company said on Wednesday.However, output remains below the company's guidance of 210…
Dutch offshore installation company Heerema Marine Contractors has completed the lifting and installation of the three Tyra West wellhead and riser platforms, the utility- and living quarters, and two bridges at TotalEnergies' Tyra redevelopment project in the Danish North Sea…
Spanish power utility Iberdrola is seeking buyers for minority stakes in its three offshore wind projects in the German Baltic Sea, two sources with knowledge of the matter said.Iberdrola earns most of its income from renewable energy and power…
Danish offshore vessel operator Maersk Supply Service has won a call-off contract with Moreld Ross Offshore in Norway for the use of the Maersk Minder AHTS.'Already one of the newest, most fuel-efficient, and eco-friendly vessels in our fleet…
OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and signaled it would not pump more.European Union officials…
Greece will speed up gas exploration projects in concert with private investors, its prime minister said on Tuesday, as it cuts its reliance on Russian energy and looks to become an energy hub in Europe.Russia's invasion of Ukraine and fears…
German chemicals group reported preliminary first-quarter net income significantly below last year's level and analyst expectations on Monday, citing impairment charges for the abandoned Nord Stream 2 project.BASF said its quarterly net income slumped to 1…
SSE Renewables has, with its Scotwind lease sale partners Marubeni Corporation and Copenhagen Infrastructure Partners, signed the Option Agreement with Crown Estate Scotland.The Option Agreement signing follows the partnership's successful bid…
Hexicon, a Swedish twin floating wind turbine technology company, has set up a joint venture in Greece with the local company EAMAA.'This is a first step to start the development of floating offshore wind projects off the coast of Greece. A…
European Union officials will hold talks in Vienna with OPEC representatives on Monday amid calls for the producer group to increase output and as the EU considers potential sanctions on Russian oil.OPEC has resisted calls by the United States…
Norwegian oil and gas company Equinor has started drilling the Cambozola exploration well offshore Norway, Longboat Energy, Equinor's partner has informed.Cambozola is the primary prospect located in the PL1049/PL1049B/PL1049C licenses in the Northern North Sea…
Aberdeen-based logistics and materials management firm ASCO has won a contract with offshore wind turbine maker Vestas to support the Seagreen offshore wind farm project, located 27 km off the coast of Angus.Under the contract, of an undisclosed value…
Norwegian oil and gas company Aker BP has started production from the Hod B field in the North Sea, offshore Norway.Production start-up comes less than two years after the first steel was cut for the unmanned Hod B platform at Aker Solutions’ yard in Verdal…
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