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…
Norway, Europe's largest gas supplier, is closely monitoring the progress of a probe into unexplained damage on a Baltic Sea gas pipeline, having already stepped up security at its energy installations after the Nord Stream blasts last year…
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 Kremlin said on Monday that any threats made against Russia were 'unacceptable' after Latvia's president said NATO should shut the Baltic Sea to shipping if Moscow were found responsible for damage to a gas pipeline between Finland and Estonia…
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…
Nordic and Baltic seismologists said that they had detected blast-like waves on Sunday when a Baltic Sea gas pipeline ruptured but that the data was not strong enough to determine whether explosives were involved.Authorities in Finland and Estonia…
Russian President Vladimir Putin on Friday dismissed as 'rubbish' the idea that Russia had damaged a gas pipeline between Finland and Estonia and suggested such claims were made up to divert attention from what he said was a Western attack on Nord Stream…
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…
Damage to a Baltic Sea gas pipeline earlier this month is believed to have been caused by a ship dragging a large anchor along the seabed, but it was too early to tell if this was an accident or a deliberate act, Finnish police said on Tuesday…
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…
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…
Norwegian oil and gas company Aker BP has started production from Kobra East & Gekko (KEG) development in the Alvheim area, offshore Norway.The KEG development comprises the two discoveries Kobra East and Gekko in licence 203. The field has…
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