Italian power and telecom cable-making and installation services firm Prysmian Group has signed an agreement worth around €900 million with Clean Path New York to provide subsea and land power cable systems for one of the largest transmission infrastructure projects in the United States…
Italy's Eni could more than double its gas production in Indonesia thanks to the development of a recent discovery and potential synergies with assets it already owns, a company executive said on Friday.Eni announced earlier this month a gas find at Geng North-1…
The World Bank said on Monday it expected global oil prices to average $90 a barrel in the fourth quarter and fall to an average of $81 in 2024 as slowing growth eases demand, but warned that an escalation of the latest Middle East conflict could spike prices significantly higher…
Finnish Prime Minister Petteri Orpo on Tuesday that China was cooperating in Finland's investigation of the Hong Kong-flagged NewNew Polar Bear vessel's role in the Oct. 8 damage to the Balticconnector pipeline.Finnish police leading the criminal…
Malaysia's MISC has entered into a binding Heads of Agreement (HOA) with Pengerang LNG (Two) Sdn. Bhd. (PLNG2SB), a subsidiary of PETRONAS Gas Berhad (PGB), for the supply, operation, and maintenance of a Liquefied Natural Gas (LNG) Floating…
Norwegian oil and gas company Equinor has extended the contract for the Havila Foresight offshore vessel.Equinor exercised a one-year option for 2024, according to the vessel owner, Havila Shipping. Financial details were not disclosed.The oil firm has three additional options…
BP remains committed to its offshore wind growth plans after the energy company booked a $540 million impairment on two U.S. projects, CEO Murray Auchincloss told Reuters on Tuesday.BP and its partner Equinor are assessing their next steps after…
BP on Tuesday reported third-quarter earnings of $3.3 billion, missing analysts' forecasts as strong oil trading and refining margins were offset by weak gas results and the write down of a large chunk of a U.S. windfarm project.The British company maintained its dividend at 7…
An Australian union alliance's members voted in support to endorse deals on pay and conditions at Chevron's two liquefied natural gas (LNG) facilities in Australia, the union said on Tuesday.Earlier this month, the union called off strikes originally planned at the U…
Oil and gas company Wintershall Dea has declared options to extend the contract for Eidesvik Offshore's supply vessel Viking Princess. The contract extension runs from January 2024 in direct continuation of the current contract, extending the firm period to January 2025…
Norwegian offshore vessel owner Havila Shipping said Monday it had sold three vessels following demands from lenders.Havila Shipping said that, under its restructuring agreement, it had sold the platform supply vessel Havila Commander and the AHTS vessels Havila Jupiter and Havila Venus…
Shares in Siemens Energy continued their recovery on Monday, topping Germany's blue-chip index as concerns over the group's ability to post guarantees for big industrial projects eased.Shares in the company, the world's largest maker offshore…
Israel's Energy Ministry said on Sunday it had awarded 12 licenses to six companies to explore for natural gas off the country's Mediterranean coast, aiming to create more competition and diversify suppliers.The license awards, which came as the Israel-Hamas conflict entered its fourth week…
The UK on Monday offered 27 new licenses in North Sea areas with the potential to go into production more quickly than others.In addition to the 27 licenses, six more blocks, which were also ready to be offered, have been merged into five existing licenses…
Egypt's natural gas imports fell to zero from 800 million cubic feet (mcf) per day, leading to more power cuts, the Egyptian cabinet said in a statement.The Egyptian government has increased the duration of electricity cuts as a result of a…
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