Norway's trade surplus rose to a record high in October as revenues from its offshore petroleum fields soared, led by a spike in the price of natural gas, national statistics agency (SSB) data showed on Monday.The October surplus hit 84.5 billion Norwegian crowns ($9…
Russia's Gazprom said on Tuesday it has appealed a court decision that confirmed the Nord Stream 2 gas pipeline will be subject to European Union rules that require the owners of pipelines be different from the gas suppliers.Gazprom says the rules…
Allowing Nord Stream 2 to pump Russian gas to Germany will not threaten supplies to the European Union, the German Economy Ministry said on Tuesday, clearing a major hurdle for the disputed pipeline.While the pipeline is ready to start operations…
Inmarsat, the mobile satellite communications provider, has extended its Fleet Xpress service agreement with offshore vessel owner Maersk Supply Service. The extension includes fleet-wide IoT-based ship management connectivity on separate, dedicated bandwidths…
The Nord Stream 2 pipeline will increase threats to the security of gas supplies to the European Union, Polish gas giant PGNiG said in a submission as part of the certification procedure for the pipeline's operator.Poland, which has taken steps to reduce its reliance on Russian gas supplies…
Marine power cable company NKT has completed the power cable system connecting the 950 MW offshore wind farm Moray East in the UK to shore.NKT has commissioned the power cable project comprising three 220 kV HVAC power cable systems for the…
The Crown Estate for England, Wales, and Northern Ireland has this week confirmed plans to unlock up to 4GW of floating wind power capacity in the Celtic Sea 'and help establish a new industrial sector for the UK.'It said Thursday that the leasing…
The co-leader of Germany's Green Party accused Russian 'blackmail' of causing high energy prices across Europe, saying Moscow is trying to leverage Germany to allow the Nord Stream 2 Baltic gas pipeline to begin operations.The remarks by Annalena Baerbock…
Following the announcement of a proposed merger between offshore drillers Maersk Drilling and Noble Corporation on Wednesday, a Noble shareholder said it would vote against the deal.The combination is a primarily all-stock transaction where…
The Irish government on Thursday set out climate targets for key sectors of the economy it said were needed to cut greenhouse gas emissions by 51% by 2030, a plan it said will require around 125 billion euros ($144 billion) of private and public investment…
The Nord Stream 2 pipeline is completed and ready to pump Russian gas to Europe, but nothing is flowing yet because it is still awaiting clearance from Germany's energy regulator.Europe's most controversial energy project, which is led by Russian gas giant Gazprom…
U.S. offshore wind developer Vineyard Wind has partnered up with the Danish offshore services firm Semco Maritime to create a service and maintenance hub in New Bedford, Massachusetts, and hire up to 40 people 'in the coming years.' Semco Maritime…
The operator of the Russia-led Nord Stream 2 gas pipeline on the bed of the Baltic Sea said the first of the project's two lines has been filled with so-called technical gas, while still awaiting clearance to start sales to Europe.The pipeline…
Equinor plans to invest 25-35 billion Norwegian crowns ($3-$4.2 billion) to develop the so-called NOAKA oil and gas fields with partners in the North Sea, it said on Friday.The NOAKA (North of Alvheim Krafla Askja) project is set to come on…
As the energy transition accelerates, upstream companies are under pressure to decarbonize, and this is likely to intensify. Governments, investors, financial markets, society, along with other stakeholders are pushing for change. Companies…
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