Italian steel pipe maker Tenaris late on Wednesday posted a 10% decline in third-quarter net profit due to a slowdown in North and South America and lower shipments to offshore projects and Argentina.The company's shares were up 7.9% by 0833 GMT…
France's Technip Energies on Thursday reported a lower but still slightly better-than-expected third-quarter revenue, supported by project deliveries and growth in order backlog despite Russian-exit headwinds. The energy infrastructure firm posted adjusted revenue of 1…
The U.S. on Tuesday imposed a form of sanctions on Myanma Oil and Gas Enterprise (MOGE), the U.S. Treasury Department said, but stopped short of imposing full blocking sanctions on the ruling junta's main source of foreign revenue.The action…
Equinor on Friday cut its full-year oil and gas output guidance while posting a bigger-than-expected profit for the third quarter, boosted by the company's trading unit.The Norwegian energy group's adjusted earnings before interest and tax for July-September fell to $8…
Lloyd's Register (LR) will classify two methanol-ready Commissioning Service Operations Vessels (CSOVs) being built by VARD for the UK-based offshore vessel operator North Star.'The new tonnage will increase North Star’s offshore wind capabilities…
Energy company Repsol's REP.MC adjusted net profit fell 27% year-on-year in the third quarter because of lower oil and gas prices, it said on Thursday, adding it would further diversify into renewables to offset fossil fuel volatility.The company reported an adjusted net profit of 1…
MAN Energy Solutions has won the contract for the delivery of three integrally-geared compressor trains (IGC) for Porthos, the first large-scale carbon capture and storage (CCS) project in the Netherlands. The Port of Rotterdam Authority, Energie Beheer Nederland B…
Subsea 7 said Tuesday that its subsidiary Seaway 7, offering services in offshore renewables, had secured a 'substantial' contract with Norway's Equinor and its Polish partner Polenergia for the inter-array cables of the MFW Bałtyk II and MFW Bałtyk III bottom-fixed offshore wind projects…
The Norwegian oil and gas company Equinor said Friday it had brought online the Breidablikk field in the North Sea, four months ahead of schedule and within budget, and with higher initial production than expected.Tied back to the Grane platform…
A U.S. judge has rejected challenges to federal environmental permits and construction approvals for a $4 billion offshore wind farm near Massachusetts, which commercial fishing groups have claimed will harm whales and impair their businesses…
The Noble Intrepid jack-up rig arrived Tuesday in Port of Aberdeen's recently inaugurated Aberdeen South Harbour.The Noble Corporation rig arrived for reactivation workscopes and Semco Maritime will provide quayside services throughout its time in port…
Certex UK’s Great Yarmouth-based Engineering Services Division has won a major framework to supply statutory inspection and maintenance services on Dogger Bank Wind Farm. The contract covers inspection and maintenance of cranes, personnel lifts…
Israel is suspending production at the Tamar gas field off its southern coast and will seek alternative fuel sources to meet its needs, the energy ministry said on Monday, following three days of violence in the region.Chevron, which operates the field…
Norway and Lithuania tightened security at onshore energy installations, following Sunday's gas pipeline gas leak in the Baltic Sea, while Finland recommended energy operators to be more aware of security.On Tuesday, Helsinki said damage caused…
A gas pipeline and a data cable connecting Finland and Estonia under the Baltic Sea sustained damaged on Sunday due to 'outside activity' according to Helsinki, stoking concern over the security of energy supply in the region.Finland's neighbor Norway is Europe's largest gas exporter…
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