Oil and gas producer Wintershall Dea's most closely watched measure of earnings more than doubled in the third quarter, it said on Tuesday, benefiting from soaring oil and gas prices and spending cuts.The company, owned jointly by BASF and Russia's LetterOne…
Oil and gas company Neptune Energy has started drilling the first of four production wells on the Fenja field in the Norwegian Sea.The wells are being drilled by the Deepsea Yantai semi-submersible rig, owned by CIMC, and operated by Odfjell Drilling…
Aberdeen City Council on Monday announced BP as its preferred bidder for a commercial partnership for hydrogen hub development 'which will accelerate the city’s ambitions to become a world-class hydrogen hub.'Following a tender process that began in June…
A project worth £1.7 billion (around $2,3 billion) that includes a giant tidal energy lagoon and floating solar array has been proposed for Swansea's waterfront, in Wales, UK, by DST Innovations and a number of business partners, with support from Swansea Council and Associated British Ports…
Oil and gas company Dana Petroleum has awarded Island Drilling a one-well drilling contract for the offshore drilling rig Island Innovator.The contract for the 6th generation harsh environment drilling rig will start in April 2022. Dana has…
Portuguese oil company Galp Energia on Monday raised its earnings outlook for 2021 after higher oil prices and positive refining margins buoyed profitability in the third quarter.Galp said its adjusted core earnings or EBITDA in this year as a whole would exceed 2…
After years of delays, the Yme field in the North Sea offshore Norway, now operated by the Spanish oil firm Repsol, has started producing oil, again.The Yme is a field in the southeastern part of the Norwegian sector of the North Sea, 130 kilometers northeast of the Ula field…
Oil and gas company EnQuest has completed the acquisition of a 26.69% stake in the Golden Eagle Area Development in the UK North Sea.The agreement, where EnQuest agreed to buy the Golden Eagle stake from Canada's Suncor Energy, was first announced in February…
Italy's biggest banking group Intesa Sanpaolo could help fund Novatek's Arctic LNG 2 project even as some European governments show lukewarm support for the giant Russian gas project.'We are studying the dossier ... though no decision has as yet been taken…
MPI Offshore, an offshore installation service firm owned by Van Oord, last week accidentally dropped three wind turbine blades into the sea, while conducting scheduled maintenance at Vattenfall's Ormonde wind farm in the Irish Sea, off the UK…
Oil and gas firm TotalEnergies E&P UK, subsidiary of the French energy giant TotalEnergies, has chartered Prosafe's Safe Caledonia offshore accommodation rig for work in the UK North Sea.Under the 270-day contract, the Safe Caledonia will provide…
Offshore wind farm development giant Ørsted has completed the installation of the Hornsea Two wind farm offshore substation and all 165 wind turbine foundations in the North Sea, 89 km off the Yorkshire coast. Dutch offshore installation contractor…
Swedish oil and gas company Lundin Energy has drilled a dry well at the Dovregubben prospect in the North Sea, offshore Norway.The exploration well 17/8-1 was drilled about 70 kilometers southeast of the Johan Sverdrup field in the North Sea and 140 kilometers southwest of Stavanger…
The Nord Stream 2 pipeline will increase threats to the security of gas supplies to the European Union, Polish gas giant PGNiG said in a submission as part of the certification procedure for the pipeline's operator.Poland, which has taken steps to reduce its reliance on Russian gas supplies…
Offshore installation company Jan De Nul has completed a cable reburial project at Eneco’s Luchterduinen wind farm in the Dutch North Sea.The wind farm, located 23 kilometers off the coast of Noordwijk and Zandvoort, has been operational since 2015…
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