A London court will on Wednesday begin to hear a lawsuit launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for its role in a disputed 2011 oilfield deal.The civil suit filed in the English courts in 2017 relates to the purchase by energy majors Shell RDSa.L and Eni of the offshore OPL 245 oilfield in Nigeria, which is also at the center of ongoing legal action in Milan…
EnBW and BP have hired marine consultancy and survey company ABPmer to provide detailed seabed mobility information for the Round 4 Morgan Offshore Wind Ltd and Mona Offshore Wind Ltd farms in the eastern Irish Sea.In addition to delivering…
The European Commission presented the centerpieces of a strategy on Thursday to ensure its industry can compete with the United States and China in making clean tech products and accessing raw materials required for the green transition.The…
BP and EnBW are collaborating with research and development experts at the UK-based Offshore Renewable Energy (ORE) Catapult to investigate using zero- or low-emission support vessels at offshore wind farms.The two companies are jointly developing…
Lloyd’s Register (LR) and Triumph Energy (Triumph), a marine technology company specializing in green technology and automation, have announced a new Joint Development Project (JDP) to ensure vessels are built and operated sustainably. The collaboration…
Morgan Stanley raised its third-quarter price forecast for Brent by $10 per barrel to $130 citing a 'greater deficit' this year due to lower supply from Russia and Iran, which is likely to outweigh short-term demand headwinds.'The oil market is contending with negative GDP revisions…
Soaring demand for U.S. liquefied natural gas (LNG) as buyers steer clear of Russian fuel is putting some long-stalled U.S. export projects back on track. But rising costs for materials and labor threaten to snarl these plants once again.Two developers with projects sidelined due to the U…
Dutch offshore survey services firm Fugro will provide geotechnical site investigation services for BP's and EnBW's new offshore wind farms, Morgan and Mona, located in the Irish Sea.The two wind farms, which will mark BP's entry into the UK’s offshore wind farm power sector…
LM Wind Power, a subsidiary of wind turbine maker GE Renewable Energy, has made what is said to be the world’s largest, fully recyclable, thermoplastic wind turbine blade. The 62-meter blade was made at LM Wind Power plant in Ponferrada, Spain…
Two experienced industry veterans Marc Gerrard and John Morgan have launched RenQuip Limited, a new Dyce, Aberdeen-based tool manufacturing and equipment rental company 'that will bridge the gap between the petroleum and renewables sectors.''RenQuip’s…
Steel pipe giant Tenaris TENR.MI expects a further increase in sales in the first half of the year after posting strong results in the latest three months of 2021, driving a 2.4% rise in its Milan-listed shares on Thursday.The company, which…
Shares of Vår Energi, the largest pure-play oil exploration and production (E&P) company to list globally in almost a decade, fell 4.9% as it made its Oslo stock market debut on Wednesday.A spin-off from Italy's Eni, Vår Energi declined to 26…
Norwegian oil and gas firm Vår Energi, a spin-off from Italy's Eni, said its planned stock market listing in Oslo will value the company at 70 billion crowns ($7.8 billion), the low end of the company's intended range.Eni last month announced…
Oil and gas firm Vaar Energi said on Friday its planned stock market listing in Oslo this month could value the Eni spin-off at up to 79 billion Norwegian crowns ($9.1 billion).The touted price tag could make Vaar Norway's third-largest new stock market entrant of all time…
Morgan Stanley expects Brent crude oil prices to advance to $100 a barrel in the second half of this year, with the market heading for a simultaneous 'triple deficit' of inventories, spare capacity, and investment.'The key oil products markets (gasoline…
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