Ukraine's state-run energy firm Naftogaz will continue to cooperate with international partners, new Chief Executive Yuriy Vitrenko said on Friday.The sacking of the previous Naftogaz head had prompted a warning from Ukraine's Western backers…
Italian energy group Eni is planning to spin off a minority stake in its new retail and renewable business next year, it said on Friday, after announcing first quarter profits that missed expectations.Several European energy companies, including Spain’s Repsol…
ExxonMobil Corp on Friday topped Wall Street quarterly earnings estimates and posted its first profit in five quarters, boosted by higher oil prices and strong chemicals margins.Exxon and rivals results this year have been rising with crude oil prices…
Chevron Corp's first-quarter profit fell 29% from the same period a year ago as gains from oil and gas prices were undercut by weaker refining margins, production losses and the impact of an asset sale that benefited results last year.Oil companies are generally enjoying a recovery in energy prices…
French energy group Total SE posted first-quarter earnings on Thursday close to levels from before the coronavirus pandemic, as higher oil and gas prices boosted its trading business and it increased electricity production.The company, which…
Norway's Equinor raised its dividend and posted a bigger-than-expected rise in first-quarter operating profit on Thursday, boosted by higher oil and gas prices and massive one-off gains from its renewable energy business.The oil and gas company…
Brazil's Petroleo Brasileiro SA will exercise its rights of first refusal and bid for the deepwater oil fields Sepia and Atapu, the company said in a filing.Petrobras, as the state-controlled producer is known, is aiming at a 30% stake in each field…
Dutch marine services company Boskalis said it has acquired the Southern Ocean, a large DP2 construction support vessel (CSV) capable of executing a wide range of offshore operations.The 134-meter vessel, which was previously jointly owned by Oceanteam and Bourbon…
Spain's Repsol beat first-quarter net profit expectations on Thursday as higher oil and gas prices offset thinner refining margins.Stronger upstream earnings from extracting oil and gas balanced much weaker downstream results as the pandemic sapped demand for fuel…
Western Europe's largest oilfield, Johan Sverdrup, will ramp up its production in early May, sooner than previously expected, Swedish independent oil firm Lundin Energy said on Thursday.'Phase 1 production capacity is about to step-up to 535…
Royal Dutch Shell's profits leapt to $3.23 billion in the first three months of the year and the energy company raised its dividend as planned but warned that the outlook remained uncertain due to the coronavirus pandemic.Shell's adjusted earnings were above an average analyst forecast of $3…
Russia's Gazprom on Thursday reported an 89% fall in 2020 net profit to 135.3 billion roubles ($1.8 billion), hurt by lower prices and sales and a huge rise in costs including a foreign exchange-related loss, but it expects a recovery in 2021…
Austrian oil and gas group OMV said it sees strong improvement in the second half of 2021 as it reported a better-than-expected quarterly core profit on Thursday thanks to higher oil prices and gains from the acquisition of plastics maker Borealis…
Mads Hjelmeland is passionate about subsea processing. It’s a subject close to his heart in his role as managing director, Processing Systems, OneSubsea. But it’s more than just a recovery enhancing technology to Mads. Subsea processing is central…
Total signed an agreement with wpd to acquire a 23% interest in Yunlin Holding GmbH, the owner of Yunlin offshore wind farm located off the coast of Taiwan, around 200 km southwest of Taipei. The project, currently under construction, represents…
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