Norway, which has overtaken Russia as the biggest gas supplier to Europe in the wake of the war in Ukraine, will curtail its gas exports significantly next month due to heavy maintenance activity, with some work deferred from earlier this year…
E.ON, Europe's largest operator of energy networks, cut the value of its stake in the Nord Stream 1 gas pipeline by around 700 million euros ($715 million) on Wednesday, citing 'heightened uncertainty' over the impact of the war in Ukraine.The pipeline…
Four major oil companies have agreed to end U.S. lawsuits that together sought to enforce multi-billion dollar arbitration awards against Nigeria's state-owned oil company, after reaching new deepwater oil production sharing agreements.Two federal judges on Aug…
Russian state gas company Gazprom said on Tuesday that European gas prices could spike by 60% to more than $4,000 per 1,000 cubic meters this winter, as the company's own export and production continues to fall amid Western sanctions.Gas flows from Russia…
Oslo-listed oil and gas company BW Energy said Tuesday that its BW MaBoMo offshore production facility had sailed away towards Gabon.The production facility, converted from the Hibiscus Alpha jack-up drilling rig, is currently onboard a heavy…
Uniper, the highest-profile corporate victim of Europe's energy crisis so far, reported a 12.3 billion euro loss ($12.5 billion) due to Russian gas supply cuts, saying it had become a 'pawn' in the energy standoff between the European Union and Moscow…
Siemens Energy on Monday blamed a 200 million euro ($204 million) charge related to the wind-down of its Russian business for a wider net loss in 2022, but said it was still prepared to maintain turbines for the Nord Stream 1 Russian gas pipeline…
Bert-Jaap Dijkstra was officially appointed Chief Financial Officer and director of the oil and gas company on Monday, 22 August 2022.Dijkstra joins Jadestone Energy from SBM Offshore, the Dutch FPSO leasing specialist. His planned appointment was first announced in June 2022…
Germany signed a memorandum of understanding (MoU) on Tuesday with the country's top gas importers to safeguard the supply of two floating liquefied natural (LNG) gas terminals it needs to reduce reliance on Russian energy.Under the MoU with Uniper and EnBW's VNG…
Norwegian natural gas exports hit a record high of 128.4 billion crowns ($13.26 billion) in July as prices and demand in Europe surged amid the disruption of Russian supplies, official data showed on Monday.Natural gas revenues were four times higher than for July last year…
Russia forecasts its average export gas price will more than double this year to $730 per 1,000 cubic meters before gradually falling until the end of 2025, as pipeline gas exports decrease, an economy ministry forecast seen by Reuters showed…
The bickering over a turbine Moscow says is to blame for a reduction of gas flows via Nord Stream 1 has put into focus the equipment the pipeline needs to operate.At the heart of the tussle lies SGT-A65, a Siemens Energy turbine that is 12 meters long and weighs 20 tonnes…
Dutch maritime services firm EMAR Offshore Services has bought two Damen Fast Crew Suppliers (FCS) 2206 for an undisclosed fee.The first vessel, named E-Six, has already begun operations in Angola, supporting the local oil and gas industry, and will be joined by the E-Seven shortly…
Renewables firm Ørsted raised its full-year outlook on Thursday thanks to high power prices, after a disappointing showing in its offshore wind business led to weaker-than-expected second-quarter core earnings, which knocked its shares.Europe's power crunch…
Norwegian oil and gas company Aker BP on Wednesday filed a plan for development and operation (PDO) for Trell & Trine offshore oil development project to the Norwegian Ministry of Petroleum and Energy (MPE). The Trell (production licence 102…
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