Royal Dutch Shell warned on Thursday of a $400 million hit to third-quarter earnings from the damage caused by August's Hurricane Ida.However, in an update ahead of quarterly results this month, the oil major also flagged a boost to cashflows from soaring natural gas and electricity prices…
Offshore drilling firm COSL has won a four-well contract with Equinor in Norway to drill wells on Statfjord Øst field using the COSLPromoter drilling rig.The drilling will take place from the spring of 2023, and Equinor will have options to…
Norway-based firm Aker Offshore Wind plans to utilize Scotland’s first offshore wind underwater substation as part of its bids for major offshore wind farms.'The multi-million subsea innovation would be developed, manufactured, and supplied…
A British regulator rejected Royal Dutch Shell's plans to develop the Jackdaw gasfield in the North Sea after considering its environmental statement, industry sources said on Wednesday.'We’re disappointed by the decision and are considering the implications…
Investing in new North Sea gas resources is essential for the UK to avoid shortages, price shocks, and rising import costs, industry body OGUK has warned, adding that, without fresh investment, North Sea gas production will plummet by 75% by 2030…
UK-based renewables giant SSE, a Principal Partner of the United Nations Climate Change Conference COP26, has invited those who want to see an ambitious climate action agreed at COP26 to show their support by putting their name on the world’s…
Gazprom's Swiss unit can challenge an EU gas rule that requires gas producers to be separate companies from those that control the pipeline, an adviser to the EU's top court said on Wednesday.Russia's Gazprom owns operator Nord Stream 2 and…
Horisont Energi, a low-carbon technology company based in Norway, has signed a framework agreement with Wood, a major global consulting and engineering firm.As Horisont Energi continues to mature projects in clean ammonia and hydrogen, Wood…
Aberdeen-based offshore well decommissioning company Well-Safe Solutions has won another contract for its Well-Safe Guardian P&A offshore rig.The contract is for the provision of the Well-Safe Guardian rig to decommission up to 14 wells on the Banff and Kyle fields in the UKCS…
Offshore cable maker Nexans has secured a contract to provide turnkey business continuity services to four of Parkwind's offshore wind farms in Belgium. The Northwind, Belwind, Nobelwind and Northwester 2 offshore wind farms have a combined installed capacity of 771 MW…
DNV has won a contract to carry out project certification for the Codling Wind Park project, one of the largest offshore wind farms planned in Ireland.The project, owned by Codling Wind Park Ltd (CWPL), a 50/50 joint venture between Fred. Olsen Renewables and EDF Renewables…
Russia's Gazprom said on Tuesday it has appealed a court decision that confirmed the Nord Stream 2 gas pipeline will be subject to European Union rules that require the owners of pipelines be different from the gas suppliers.Gazprom says the rules…
Norwegian offshore vessel operator Solstad Offshore has sold seven vessels that have been laid up for a while for recycling.'The vessels to be recycled are defined by Solstad as non-strategic, they are of older age and considered to be irrelevant for present and future markets…
Turkey sent a Greek Cypriot research vessel away from what it says is its continental shelf in the Mediterranean on Sunday after it entered the area without permission, Turkey's Defence Ministry said, in a sign of renewed tensions.For decades…
The Danish part of the Baltic Pipe Project, a strategic EU infrastructure project led by Danish and Polish companies Energinet and Gaz-System to build a gas pipeline from the Norwegian part of the North Sea to Denmark and Poland, will cost more than previously expected…
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